FY2023-FY2028 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: GG2047

Activity #:

Capital Project Title: General Acquisition Account

Region: Countywide

Asset Type: Other Asset Category: General Government

Year Identified: 2022 Est Completion Date: 12/31/2025

Capital Project Status: Active

Capital Project Description: Based on the increasing growth across Frederick County, the need for additional property and facilities is evident. Additional property and facilities will allow for increased resources and the ability to expedite delivery of public services. It would also permit future growth opportunities as the County workforce continues to expand. The establishment of this account would permit acquisition of property and facilities based upon opportunities as they arise. Once an option to purchase property is executed, a separate project could be created and the appropriate funds transferred.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Land

500,000 500,000

500,000 500,000

Total Cost:

Funding Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

General Obligation Bonds

500,000 500,000

500,000 500,000

Total Cost:

79

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