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Budget Year / Version:  
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Description

The Advance Land Acquisition Revolving Fund (ALARF) was established in the Commission's FY72-FY77 Capital Improvements Program pursuant to Land Use Article Section 18-401 of the Annotated Code of the State of Maryland to enable the Commission to acquire rights-of-way and other property needed for future public projects. ALARF is considered part of the Commission's operating budget, and this CIP project is used to reflect the current Revolving Fund balances in land and available funds. The corpus of the revolving fund includes the original $7 million bond issue in FY71, a $5 million bond issue in FY90, a $2.2 million bond issue in FY95, a $2 million bond issue in FY05, plus reimbursements in excess of costs, accumulated interest, and any surplus of Advance Land Acquisition (ALA) tax revenue over debt service.
Before acquisition of a specific parcel, the Montgomery County Planning Board will submit an authorization request to the Montgomery County Council for approval by formal resolution. M-NCPPC must seek County Council approval to change the use of ALARF-acquired property. It is the intent of the County Council that land acquisition costs for ALARF-acquired properties will ultimately be appropriated in a specific project PDF or acquisition PDF so that ALARF can be reimbursed and continue to revolve. In the event that the County Council does not require that ALARF be reimbursed, the cost of the land acquisition related to the non-park development project shall be disclosed in the PDF text. If ALARF-acquired properties are not needed for the public use for which they were purchased and/or are used for park and recreation purposes as part of the Commission's Parks system, the Commission is not obligated to replenish ALARF.
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Phase

Ongoing

Status

Active
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Budget Snapshot
$23.8M Total
Expenditures/Funding
$6M 6 Year Total
Expenditures/Funding
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Cost Change

Increase due to the addition of two fiscal years to this ongoing project.
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Justification

Some of the acquisitions in this project may help meet 2012 Park, Recreation and Open Space (PROS) Plan objectives. This project enables the Commission to acquire private property in lieu of allowing development that would adversely affect a planned public use of the property. All properties acquired with ALARF must first be shown on adopted area master plans as needed for future public use. Properties included for acquisition in a current capital budget of any public agency are not eligible for acquisition under this project.
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Fiscal Note

Prior year partial capitalization of expenditures through FY16 totaled $19,337,000. As of the end of FY21, the value of ALARF-acquired land being held for transfer is $10,176,991. At the end of FY21, the available balance in the ALARF Revolving Fund is $10,378,064. The amount approved for expenditure from the Revolving Fund by the M-NCPPC Adopted Budget for Fiscal Year 2022 is $12,557,515.
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Budget Snapshot
$23.8M Total
Expenditures/Funding
$6M 6 Year Total
Expenditures/Funding
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Project Details
Project NumberP727007
Date Last Modified01/09/22
Administering AgencyM-NCPPC
CategoryM-NCPPC
SubCategoryAcquisition
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 FY21Est FY22Total 6 YearsFY 23FY 24FY 25FY 26FY 27FY 28Beyond 6 Years
Planning, Design and Supervision00000000000
Land2379816798100060001000100010001000100010000
Site Improvements and Utilities00000000000
Construction00000000000
Other00000000000
Total Expenditures2379816798100060001000100010001000100010000
FUNDING (000s)
Funding SourceTotalThru FY21Est FY22Total 6 YearsFY 23FY 24FY 25FY 26FY 27FY 28Beyond 6 Years
Revolving Fund (M-NCPPC Only)2379816798100060001000100010001000100010000
Total Funding Sources2379816798100060001000100010001000100010000
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 23 Request0
Year First AppropriationFY72
Appropriation FY 24 Request0
Last FY's Cost Estimate23798
Cumulative Appropriation17798
Expenditure / Encumbrances7550
Unencumbered Balance10248