FY 2017 Budget Highlights
EXHIBIT A
(CONTINUED)
MULTI-YEAR PROJECTIONS
REVENUES and CONDENSED APPROPRIATIONS
FISCAL YEARS 2016 THRU 2022
FY 2016
ADOPTED BUDGET
FY 2016
ESTIMATED
FY 2017
FY 2018
PROPOSED BUDGET PROJECTION
FY 2019
PROJECTION
REVENUES
LOCAL PROPERTY TAXES
LOCAL INCOME TAXES
OTHER LOCAL TAXES
$ 276,694,557
$282,143,318
$
$
192,924,600 $ 198,985,673
$
$
18,165,900 $
20,251,122 $
FY 2021
PROJECTION
FY 2022
PROJECTION
$ 352,301,578
$263,969,069
290,568,514 $ 302,273,127 $ 314,298,086 $ 326,644,270
205,212,335 $ 215,810,901 $ 226,956,849 $ 238,678,450 $ 251,005,435
19,263,552 $ 19,114,225 $ 20,437,053 $ 20,651,921 $ 21,670,846 $ 22,095,268
FY 2020
PROJECTION
$339,312,111
LICENSES AND PERMITS
$
3,436,600 $
3,847,022 $
FEDERAL GRANTS
$
1,082,599 $
1,075,711 $
STATE GRANTS
$
3,078,369 $
2,967,125 $
CHARGES FOR SERVICES
$
8,788,693 $
10,331,479
$
FINES AND FORFEITURES
$
52,400 $
INVESTMENT EARNINGS
$
300,000 $
MISCELLANEOUS
$
3,795,722 $
OPERATING REVENUES
508,319,440
OTHER FINANCING SOURCES
6,200,000
67,019 $
300,000 $
4,524,155 $
524,492,624
4,000,000
3,887,800 $
1,139,512 $
3,078,369 $
8,988,574 $
52,400 $
300,022 $
2,767,547 $
535,258,625
3,922,790 $
1,150,000 $
3,100,000 $
9,069,471 $
52,400 $
300,000 $
2,792,455 $
3,958,095 $
1,150,000 $
3,100,000 $
9,151,096
52,400 $
300,000 $
2,817,587 $
$
3,993,718 $
1,150,000 $
3,100,000 $
9,233,456 $
52,400 $
300,000 $
2,842,945 $
4,029,662 $ 4,065,929
1,150,000 $
3,100,000 $
9,316,557 $
52,400 $
300,000 $
2,868,532 $
1,150,000
3,100,000
9,400,406
557,585,369 582,221,167 606,647,161 632,805,544
52,400
300,000
2,894,349
659,328,999
BUDGETED USED OF FUND BALANCE
21,315,188
GENERAL FUND REVENUES
535,834,628
528,492,624
25,007,730
560,266,355
23,000,000
580,585,369
21,000,000
603,221,167
20,000,000
626,647,161
18,000,000
650,805,544
15,000,000
674,328,999
Operating Revenues - Percent Increase
Total General Fund Revneus - Percent Increase
5.3%
4.6%
4.2%
3.6%
4.4%
3.9%
4.2%
3.9%
4.3%
3.9%
4.2%
3.6%
APPROPRIATIONS
COUNTY DEPARTMENTS
194,213,968
BOARD OF EDUCATION
250,1 10,403
186,805,193
250,1 10,403
206,873,329
258,282,797
FREDERICK COMMUNITY COLLEGE
15,160,897
15,160,897
15,851,025
210,251,899 217,457,816
270,082,184 281,345,659
16,575,163
221,114,778
290,122,312
230,333,314 239,990,157
300,306,420
310,683,347
17,266,412
17,805,042
18,430,049
19,066,889
FREDERICK COUNTY LIBRARY
10,197,281
10,197,281
10,541,428
11,023,002
11,482,704
11,840,910
12,256,560
12,680,078
OTHER INDEPENDENT AGENCIES
4,356,189
4,268,310
4,657,641
4,699,560
4,741,856
4,784,533
4,827,593
4,871,042
MUNICIPAL TAX REBATE
4,172,701
4,172,701
4,232,919
4,271,015
4,309,454
4,348,239
4,387,374
4,426,860
DEBT SERVICE
40,397,223
40,397,548
42,573,124
42,525,028
46,796,756
49,636,467
49,556,871
47,072,648
RESERVE FOR LITIGATION
2,000,000
2,000,000
TRANSFER TO CAPITAL PROJECTS FUND
11,739,708
12,539,708
13,055,192
14,479,639
15,729,257
17,236,253
17,545,606
18,294,208
TRANSFER TO THIRD PARTY
3,069,520
819,520
TRANSFER TO OTHER FUNDS
201,738
510,166
4,198,900
4,100,000
4,000,000
4,000,000
4,000,000
4,000,000
PERMANENT PUBLIC IMPROVEMENTS
215,000
TOTAL APPROPRIATIONS
535,834,628
526,981,727
560,266,355
578,007,491 603,129,914 620,888,533 641,643,786 661,085,230
SURPLUS/(DEFICIT) - ANNUAL
$
$ 1,510,897 $
$ 2,577,878 $
91,252 $ 5,758,628 $ 9,161,758 $ 13,243,769
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