The City of Weldon Spring’s fiscal year begins on October 1st
and ends on September 30th
of each year, the mid-fiscal year financial figures
are summarized in the following “Unaudited Statement of Receipts and Disbursements and Indebtedness” as of March 31, 2021. At this 6-month point the City had a $36,363 positive balance among all funds, this however, is prior to many planned capital and special project expenditures have been made. The City budgeted
anticipating several large deficits in the areas of roadway maintenance and for a park trail capital project. The City plans to pull from current reserve funds to cover these expenses.
As a brief overview and recap, Weldon Spring has three major funds for its primary operations, capital and special projects. The General Fund’s primary revenue source is through gas, electric and telecommunication franchise fees; these funds can be used for any governmental activity and has the most flexibility. The Municipal Building & Park Fund’s primary revenue source is through a ½% sales tax and it has been spent on parks, trails, and facility operations and capital projects. Finally, the Revenue Sharing & Road Fund has two major funding sources, the state’s fuel tax and various DMV fees distributed out to all cities/counties based upon population and a portion of the County’s Road & Bridge property tax. This fund is used for public safety related to roadway maintenance and capital improvements and for contracting policing services with St. Charles County Police Dept.
Weldon Spring has no city property tax and has one of the lowest sales tax rates of any city in the St. Louis Metro.