FY 2017 Budget Highlights
EXHIBIT E
COUNTY FUND BALANCE POLICY
2-7-1
Tax levy
2-7-2
Reserved
2-7-3
Taxes may
be paid in installments
2-7-3.1
Reserved
2-7-4
Contingency fund
2-7-5
Revenues to be used for certain appropriations
2-7-6
Expending certain revenues received subsequent to adoption of budget
2-7-7
2-7-8
Capital budget
2-7-9
2-7-10
2-7-11
Borrowing by county prohibited; exceptions
Penalties for willful breach of duties and the like by county commissioners or board of estimates
Bond rating enhancement reserve established
Appropriation increases
2-7-1 (a) (2)...the county commissioners shall maintain a committed general fund balance. The amount shall be 5
percent of the general fund expenditures and transfers to the Board of Education and the Frederick Community
College for the prior fiscal year. Any amount that exceeds 5 percent of the general fund expenditures and transfers to
the Board of Education and the Frederick Community College for the prior fiscal year shall be included as funds
available for appropriation in the current fiscal year.View entire presentation