FY2023 Adopted Operating and Capital Budget

FY2023 Adopted Budget Fund Budgets

Introduction Governmental entities budget and account for financial activities in separate groupings called ³IXQGV ´ )XQ ds represent a GLYLVLRQ RI WKH HQWLW\¶V resources (revenue) according to the restrictions set forth. There are several types of funds: governmental, proprietary, and fiduciary and several sub sets within each type. Governmental funds are the main operational funds of a governmental entity. The main revenue sources are taxes and fees. Special Revenue funds are a subset of governmental funds and are used to account for specific revenue sources that are restricted or committed for specified purposes. Proprietary funds account for business like activities. The main revenue sources are obtained from users of the services provided and should be self supporting. There are two sub sets of this fund type: Enterprise and Internal Service. The main difference between Enterprise and Internal Service funds is the customer. Enterprise funds have external customers while the Internal Service fund ¶V customer is the government itself. Fiduciary funds account for funds held in trust or custodial capacity for others and cannot be used to support other functions of the government.

Frederick County's Financial Funds

Governmental Funds:

Proprietary Funds: Enterprise Funds

General Fund

Special Revenue Funds

Comprehensive Care Facilities Fund

Agricultural Preservation Fund

Bell Court Fund Solid Waste Fund Water & Sewer Fund Internal Service Funds: Fleet Services Fund Voice Services Fund

Grants Fund

Hotel Room Rental Tax Fund Electric Lighting Districts Fund

Housing Initiative Fund Opioid Abatement Fund

Debt Service General Government Fund Watershed Protection & Restoration Fund* Sheriff's Drug Enforcement Fund* Narcotics Investigation Section Fund* State's Attorney Law Enforcement Aid Fund*

Workers Compensation Fund

Fiduciary Funds:

Trust Funds

Pension Trust Fund Employee's Plan Pension Trust Fund Uniformed Plan Other Post Employment Benefits Trust Fund Length of Service Award Program Trust Fund

Inmates' Canteen Fund*

Economic Development Loan Fund*^ Non Profit Organizations Loans Fund*^

Custodial Funds

Fire/Rescue Loans Fund*^ Special Revenue Funds Capital

Tax Agency Fund* Law Library Fund*

Capital Fund

School Construction Fund

Subdivision and Driveway Deposits Fund* Tax Incremental Financing Bond Fund*

Parks Acquisition and Development Fund Impact Fees and School Mitigation Fund

Circuit Court Juror's Fund* Work Release Fund*

* Funds are not appropriated/budgeted ^ Funds are not currently active

The table below depicts the relationship between the Divisions of County Government and the various Funds established for budgetary purposes. Most common is the General Fund, followed closely by the Grants Fund which is established to

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