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Budget Year / Version:  
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Description

This project reconciles Montgomery College's request with the County Executive's recommendation based on affordability considerations. The FY21-26 CIP was developed under constrained resources. For example, through the Spending Affordability Guideline process, General Obligation bond and PAYGO funding were reduced by $99 million over the six-year period to constrain future repayment costs. In addition, school and transportation impact taxes that free up General Obligation bonds for other uses are estimated to be $68.3 million below the FY19-24 six-year funding. Despite these reduced resources, the County Executive was able to fund a $37.1 million, or 13.4 percent, increase in the College's six-year CIP.
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Phase

Ongoing

Status

Active
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Budget Snapshot
$0M Total
Expenditures/Funding
$0M 6 Year Total
Expenditures/Funding
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Cost Change

The project reconciles the County Executive's recommended FY21-26 CIP with the College's request based on FY21-26 affordability constraints. The intent of the Affordability Project is to provide maximum flexibility to the College in adjusting specific budgets. In particular, the County Executive has deferred recommending increases in Current Revenue funding until they can be considered in the context of the operating budget. State Aid may be reduced or deferred based on affordability adjustments.
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Disclosures

Montgomery College asserts that this project conforms to the requirement of relevant local plans, as required by the Maryland Economic Growth, Resource Protection and Planning Act.
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Budget Snapshot
$0M Total
Expenditures/Funding
$0M 6 Year Total
Expenditures/Funding
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Project Details
Project NumberP661401
Date Last Modified03/26/20
Administering AgencyMontgomery College
CategoryMontgomery College
SubCategoryHigher Education
Planning AreaCountywide
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Total Expenditures by Cost Element (000s)
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Total Funding by Source (000s)
EXPENDITURES (000s)
Cost ElementsTotalThru FY19Est FY20Total 6 YearsFY 21FY 22FY 23FY 24FY 25FY 26Beyond 6 Years
Planning, Design and Supervision00000000000
Land00000000000
Site Improvements and Utilities00000000000
Construction00000000000
Other00000000000
Total Expenditures00000000000
FUNDING (000s)
Funding SourceTotalThru FY19Est FY20Total 6 YearsFY 21FY 22FY 23FY 24FY 25FY 26Beyond 6 Years
Current Revenue: General00000000000
G.O. Bonds00000000000
State Aid00000000000
Total Funding Sources00000000000
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 21 Request0
Year First Appropriation
Appropriation FY 22 Request0
Last FY's Cost Estimate0
Cumulative Appropriation0
Expenditure / Encumbrances0
Unencumbered Balance0