FY2023 Adopted Operating and Capital Budget

Frederick County, Maryland Fiscal 2023 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 ............................................................................................................................................................................................................ 21 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 ............................................................................................................................................................................................................ 75 General Fund General Fund Pie Charts ............................................................................................................................................................................................................ 81 General Fund Summary ............................................................................................................................................................................................................ 82 General Fund Revenues ............................................................................................................................................................................................................ 84 General Fund Expenditures ............................................................................................................................................................................................................ 89 Special Revenue Funds-Operating Special Revenue Funds Overview ............................................................................................................................................................................................................ 99 Agricultural Preservation ............................................................................................................................................................................................................ 100 Grants ............................................................................................................................................................................................................ 102 Hotel Room Rental Tax ............................................................................................................................................................................................................ 104 Electric Lighting Districts ............................................................................................................................................................................................................ 106 Housing Inititatives ............................................................................................................................................................................................................ 108 Opioid Abatement ............................................................................................................................................................................................................ 110 Debt Service-General Government ............................................................................................................................................................................................................ 112 Economic Development Loans ............................................................................................................................................................................................................ 114