Carroll County Maryland ADOPTED BUDGET
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Carroll County Maryland Department of Management & Budget ADOPTED BUDGET Operating Budget Fiscal Year 2014 Operating Plan Fiscal Years 2014-2019 And Capital Budget Fiscal Years 2014-2019 Available online at http://ccgovernment.carr.org/ccg/budget PRODUCED BY The Department of Management and Budget Ted Zaleski........................................................................................................................... Director Deborah Effingham ...................................................................................................... Bureau Chief Robin Hooper ............................................................ Management and Budget Project Coordinator Sheree Lima .............................................................. Management and Budget Project Coordinator Heidi Pepin....................................................................... Senior Management and Budget Analyst Lynn Karr ..................................................................................... Management and Budget Analyst Christian Roop ............................................................................. Management and Budget Analyst Holly Garland............................................................................... Management and Budget Analyst Special thanks to the staff in Production and Distribution Accessibility The Americans with Disabilities Act applies to the Carroll County Government and its programs, services, activities, and facilities. Anyone requiring an auxiliary aid or service for effective communication or who has a complaint should contact Madeline M. Morey, The Americans with Disabilities Act Coordinator, 410.386.3800, 1.888.302.8978, MD Relay 7-1-1/1.800.735.2258 or email [email protected] as soon as possible but no later than 72 hours before the scheduled event. The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to Carroll County, Maryland for the Annual Budget beginning July 01, 2012. In order to receive this award, a governmental unit must publish a budget document that meets program criteria, as a policy document, as an operations guide, as a financial plan, and as a communications device. This award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award. Carroll County Government FY 14 Adopted Budget Table of Contents Board of County Commissioners Board of County Commissioners Title Page ....................................................................14 Board of County Commissioners ......................................................................................15 Budget Message Budget Message Title Page ...............................................................................................19 Fiscal Year 2014 Adopted Budget Summary ...................................................................20 General Information General Information Title Page .........................................................................................24 Geography and Demographics of Carroll County .............................................................25 History................................................................................................................................26 Today .................................................................................................................................27 Carroll County Seal............................................................................................................28 Attractions ..........................................................................................................................29 How Carroll County Government Operates ......................................................................33 The Budget Process............................................................................................................35 Carroll County Government Organizational Chart ............................................................36 Other Planning Processes Links .........................................................................................37 Reading a Typical Budget Page .........................................................................................39 Financial, Demographics and Economic Information and Policies Financial, Demographics and Economic Information & Policies Title Page ...................40 Description and Structure of Funds ...................................................................................41 Long-Term Financial Policies ...........................................................................................44 Financial and Demographic Data .......................................................................................50 Economic Factors...............................................................................................................55 Ordinance – Annual Budget Ordinance .............................................................................59 Ordinance – Personal Property Tax ...................................................................................78 Ordinance – Income Tax Rate Resolution .........................................................................80 Ordinance – Water and Sewer Usage Rates Resolution ....................................................81 Debt Management Debt Management Title Page .............................................................................................83 Debt Management ..............................................................................................................84 Schedule of Debt Service Requirements on Direct County Debt ......................................87 Debt Issued and Outstanding .............................................................................................88 Computation of Projected Debt Margin .............................................................................90 i Fund Balance Fund Balance Title Page ....................................................................................................91 Explanation of Fund Balance .............................................................................................92 Schedule of Changes in Fund Balance – Governmental Fund Types ................................93 Schedule of Changes in Net Assets – Proprietary Fund ....................................................94 Schedule of Changes in Fund Balance – General Fund .....................................................95 Total Budget Summary Total Budget Summary Title Page .....................................................................................96 All Funds Sources – By Category ......................................................................................97 All Funds Uses – By Category...........................................................................................98 All Funds Uses – By Fund .................................................................................................99 All Funds Budget .............................................................................................................100 All Funds Revenue Summary ..........................................................................................101 Top 5 All Fund Revenues ................................................................................................102 Remaining All Fund Revenues ........................................................................................104 Quick Guide to the FY 14 Adopted Budget Quick Guide to the FY 14 Adopted Budget Title Page ...................................................106 Quick Guide to the FY 14 Adopted Budget.....................................................................107 General Fund Appropriations General Fund Appropriations Title Page .........................................................................112 General Fund Sources by Category .................................................................................113 General Fund Uses by Category ......................................................................................114 General Fund Revenue Analysis ......................................................................................115 Assessable Base ...............................................................................................................124 General Fund Operating Revenues ..................................................................................125 General Fund Operating Budget Revenues – Chart .........................................................129 Operating Plan Operating Plan Title Page ................................................................................................130 Multi-Year Financial Forecasting ....................................................................................131 Six Year Revenue Forecast ..............................................................................................133 Operating Plan FY 14 – FY 19 ........................................................................................134 Public Schools Public Schools Appropriations Title Page .......................................................................137 Carroll County Public Schools Summary ........................................................................138