FY2025 Proposed Operating and Capital Budgets

FY2025 Proposed Budget Organizational Budgets

Non-Departmental

Transfer to Grant Funds Included are transfers of general fund monies to the Grants Fund. These funds are used to meet grant matching requirements and to supplement the program if needed.

Transfer to Other Governments Tax Equity

The Tax Equity Program enables county governments to compensate municipalities for services or programs that they provide in lieu of similar county services or programs. Currently, four services are identified: highway maintenance, police service, parks/recreation services, and planning. It is meant

to compensate for double taxation of municipal taxpayers occurring when both municipal and county property taxes are levied to fund similar services. These set-offs can take the form of a tax rebate directly paid to the municipality for providing the services or programs, or a tax differential that results in a lower county property tax rate for the municipal tax payers. Two municipalities, City of Frederick & Town of Myersville, elect to receive their distribution in the form of a tax differential to its residents and is budgeted/recorded as a decrease to property tax revenue.

Pension Trust A trust fund established by the County to collect and invest funds for the purposes of meeting the obligations set forth in the Frederick County Employees Retirement plan for eligible County personnel.

OPEB Trust A trust fund established by the County to collect and invest funds for the purposes of meeting the obligations set forth in the Other Post Employment Benefit (OPEB) plan for eligible County personnel.

LOSAP Trust A trust fund established by the County to collect and invest funds for the purposes of meeting the obligations set forth in the Length of Service Awards Program (LOSAP) for volunteer Fire and Rescue personnel in Frederick County.

CARES Funding This tracks the actual expenditures related to the federal/state pandemic grants.

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