FY2022 Adopted Operating and Capital Budget

FY2022 Adopted Budget Long Range Financial Plan

Multi Year Projections

7KLV ILYH \HDU IRUHFDVW RI WKH *HQHUDO )XQG LV LQWHQGHG WR FRPPXQLFDWH WKH VXVWDLQDELOLW\ RI )UHGHULFN &RXQW\¶V EXGJHW $IWHU D EXGJHWDU\ ³FDWFK XS´ WR DFWXDO UHYHQXHV FROOHFWHG UHYHQXHV DUH SURMHFWHG WR UHWXUQ WR D PRUH QRUPDOL]HG \HDU RYHU \HDU LQFUHDVH $SSURSULDWLRQV SURMHFWV are based on historical increases, policy dictation, future debt service (based on the approved Capital Improvement Program), and the consumer price index. No changes in Federal and State legislation that could impact revenue or expense were considered in the projections.

FY 2022 FY 2027 BUDGET PROJECTION PROJECTION PROJECTION PROJECTION PROJECTION FY 2023 FY 2024 FY 2025 FY 2026

REVENUES Local Property Taxes Local Income Taxes Other Local Taxes License and Permits

370,009,587 $ 264,578,574

385,919,999 $ 275,161,717

402,514,559 $ 288,919,803

419,822,685 $ 303,365,793

437,875,061 $ 318,534,083

456,703,688 $ 334,460,787

25,860,487 6,269,700 204,546 4,636,363 11,131,693

25,817,465 6,432,712 204,546 4,636,363 11,421,117

27,007,328 6,599,963 204,546 4,636,363 11,718,066

27,521,968 6,771,562 204,546 4,636,363 12,022,736

28,046,646 6,947,622 204,546 4,636,363 12,335,327

28,581,559 7,128,261 204,546 4,636,363 12,656,045

Federal Grants State Grants

Charges for Services Fines and Forfeitures Investment Earnings

35,500

35,500

35,500

35,500

35,500

35,500

2,000,011 2,769,155

2,100,012 2,841,153

2,205,012 2,915,023

2,315,263 2,990,814

2,431,026 3,068,575

2,552,577 3,148,358

Miscellaneous

OPERATING REVENUE Other Financing Sources Use of Fund Balance TOTAL REVENUES

687,495,616

714,570,584

746,756,163

779,687,229

814,114,749

850,107,684

29,664,726

26,698,253

24,028,428

20,424,164

17,360,539

15,000,000

717,160,342 $

741,268,838 $

770,784,591 $

800,111,393 $

831,475,288 $

865,107,684 $

Operating Revenue % Change General Fund Revenue % Change

7.5% 7.7%

3.9% 3.4%

4.5% 4.0%

4.4% 3.8%

4.4% 3.9%

4.4% 4.0%

APPROPRIATIONS County Departments Board of Educaiton

256,000,180 $

260,042,395 $

270,191,554 $

277,855,421 $

288,738,798 $

297,010,495 $

330,327,308 21,822,363 13,767,293 15,969,658 47,099,362 20,848,070 11,326,108

345,135,039 23,334,385 13,871,299 16,209,203 49,218,833 21,437,118 11,439,369

357,601,620 24,846,707 14,346,486 16,452,341 52,420,000 22,402,685 11,839,747

371,385,691 26,359,337 14,633,416 16,699,126 56,091,000 23,390,617 12,076,542

385,005,110 27,872,283 15,134,861 16,949,613 60,578,000 24,423,442 12,499,221

399,696,002 29,385,552 15,437,559 17,203,857 66,030,000 25,503,231 12,749,205

Frederick Community College Frederick County Library Transfer to Debt Service Transfer to Capital Projects Transfer to Other Funds Other

TOTAL APPROPRIATIONS 717,160,342 $

740,687,641 $

770,101,140 $

798,491,149 $

831,201,328 $

863,015,900 $

Appropriation % Change

7.7%

3.3%

4.0%

3.7%

4.1%

3.8%

ANNUAL SURPLUS/(DEFICIT)

$

0

$

581,197

$

683,451

$

1,620,244

$

273,960

$

2,091,784

73