FY2022 Adopted Operating and Capital Budget

Frederick County, Maryland Fiscal 2022 Adopted Budget

CONTENTS

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INTRODUCTION Certificate of Award for Excellence ............................................................................................................................................................................................................ 3 Summary of Elected & Appointed Officials ............................................................................................................................................................................................................ 7 County Profile ............................................................................................................................................................................................................ 13 County Executive Budget Message ............................................................................................................................................................................................................ 23 Strategic Framework ............................................................................................................................................................................................................ 33 Budget Priorities ............................................................................................................................................................................................................ 38 Budget & Financial Policies ............................................................................................................................................................................................................ 43 Tax Rates ............................................................................................................................................................................................................ 51 Budget Process & Calendar ............................................................................................................................................................................................................ 57 BUDGETED FUNDS Fund Description and Structure ............................................................................................................................................................................................................ 61 Consolidated Budget Overview ............................................................................................................................................................................................................ 63 Consolidated Financial Schedule ............................................................................................................................................................................................................ 67 Fund Balance ............................................................................................................................................................................................................ 69 Long Range Financial Plan ............................................................................................................................................................................................................ 73 Debt ............................................................................................................................................................................................................ 74 General Fund General Fund Pie Charts ............................................................................................................................................................................................................ 79 General Fund Summary ............................................................................................................................................................................................................ 80 General Fund Revenues ............................................................................................................................................................................................................ 82 General Fund Expenditures ............................................................................................................................................................................................................ 87 Special Revenue Funds-Operating Special Revenue Funds Overview ............................................................................................................................................................................................................ 97 Agricultural Preservation ............................................................................................................................................................................................................ 98 Grants ............................................................................................................................................................................................................ 100 Hotel Room Rental Tax ............................................................................................................................................................................................................ 102 Electric Lighting Districts ............................................................................................................................................................................................................ 104 Housing Inititatives ............................................................................................................................................................................................................ 106 Debt Service-General Government ............................................................................................................................................................................................................ 108 Economic Development Loans ............................................................................................................................................................................................................ 110 Enterprise Funds Enterprise Funds Overview ............................................................................................................................................................................................................ 115