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Mission Statement

The mission of the Department of Finance is to prudently manage financial operations, recommend and implement sound fiscal policies, safeguard public assets, and encourage a safe environment on public property.

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Budget Overview

The total approved FY21 Operating Budget for the Department of Finance is $93,649,301, an increase of $4,104,020 or 4.58 percent from the FY20 Approved Budget of $89,545,281. Personnel Costs comprise 18.61 percent of the budget for 130 full-time position(s) and no part-time position(s), and a total of 130.04 FTEs. Total FTEs may include seasonal or temporary positions and may also reflect workforce charged to or from other departments or funds. Operating Expenses account for the remaining 81.39 percent of the FY21 budget.

The Finance Operating Budget is comprised of a General Fund component (the Director's Office and the Divisions of Fiscal Management, Treasury and Controller) and the Division of Risk Management, which is funded by the Liability and Property Coverage Self-Insurance Fund. The total approved FY21 Operating Budget for the General Fund component is $15,305,580 a decrease of $220,372 or -1.42 percent over the FY20 approved budget of $15,525,952. Personnel Costs comprise approximately 82.80 percent of the General Fund budget for 119 full-time positions. A total of 97.67 FTEs includes these positions as well as any seasonal, temporary, and positions charged to or from other departments or funds. Operating Expenses account for the remaining 17.20 percent of the budget.

The total FY21 Operating Budget for the Self-Insurance Fund component of Finance (Risk Management) is $78,343,721, an increase of $4,324,392 or 5.84 percent over the FY20 approved budget of $74,019,329. Personnel Costs comprise approximately 6.07 percent of the Self-Insurance Fund budget for 11 full-time positions. A total of 32.37 FTEs includes these positions as well as any seasonal, temporary, and positions charged to or from other departments or funds. Operating Expenses account for the remaining 93.93 percent of the budget. Included in the total FTEs are 21 FTEs charged to the Self-Insurance Fund by the Office of the County Attorney and 0.37 FTE charged by the General Fund component of Finance (Controller Division) for services provided in support of Risk Management.

County Priority Outcomes

While this program area supports all eight of the County Result Areas, the following are emphasized:

  • Effective, Sustainable Government
  • A Growing Economy

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Program Performance Measures

Performance measures for this department are included below (where applicable), with multi-program measures displayed at the front of this section and program-specific measures shown with the relevant program. The FY20 estimates reflect funding based on the FY20 approved budget. The FY21 and FY22 figures are performance targets based on the FY21 approved budget and funding for comparable service levels in FY22.

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Initiatives

  • Develop a Ten-Year Financial Plan for Montgomery County.


  • Partnering Community Banks with the Small Business Plus! Program to boost lending to local small businesses and spur job creation in Montgomery County. The Small Business Plus! Program began with an initial total deposit of $10 million with several local community banks in 2012 and has since expanded into deposits of approximately $50 million as of December 31, 2018 with the program generating over $1.8 million in interest income and creating an estimated 2,132 jobs.


  • Establishing Bank On Program in Montgomery County. Bank On is a national program and movement developed to assist people in establishing a low-cost/free bank account with functionality primarily for safely depositing checks, money orders services, cash withdrawals, and electronic bill payment.


  • The Department of Finance has been working with multiple financial advisors including Municap and PFM Financial Advisors LLC on a comprehensive portfolio of options to ensure the financial sustainability of the White Flint Special Taxing Districts over the next 12 years.


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Innovations and Productivity Improvements

  • Established a new Financial Analysis, Audit, and Compliance (FAAC) section in the Division of the Controller which is responsible for performing extensive financial analysis to improve financial reporting, advancing functions in Oracle eBusiness financial modules, posting audits of financial transactions, and ensures compliance with Department and Countywide policies.

  • The County will migrate its online tax billing system, MUNIS on- premise to the vendor's Cloud Software-as-a-Service solution.

  • Developed a disaster recovery and continuity of operations solution for the County's Enterprise Resource Planning (ERP) System in collaboration with the Office of Emergency Management and Homeland Security and the Department of Technology Services.

  • Implemented an online credit card and e-check payment option for the Department of Health and Human Services and Alcohol Beverage Services (formerly, Department of Liquor Control).


Program Descriptions

  Operations and Administration

This program includes operational support for the Department as well as the administrative portions of the Director's Office, the Division of the Controller, the Treasury Division, and the Division of Risk Management. The program provides support for efficient, effective, and timely accomplishment of the Department's mission, including budget development and...

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  Fiscal Management

This program provides effective management of County capital and operating funds and the fiscal analysis and issue management associated with master plan development, economic development, and legislative issues. It is also responsible for accurate revenue and economic forecasting and publishing reports on economic and revenue analysis on a monthly and...

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  Information Technology

This program provides planning, direction, and support for finance and core business systems, technology, and business processes to support effective and efficient achievement of the Department's mission. Activities are proactively coordinated with the Department of Technology Services, other County departments, vendors, and Department staff to ensure consistency of Department systems...

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  Controller

This program is responsible for timely and accurate payments to vendors for goods and services provided to the County; complying with County policies and procedures; and carrying out State and Federal reporting requirements. Payments to vendors are initiated and approved by individual departments. The Accounts Payable program is...

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  Treasury

This program is responsible for the timely and accurate collection and processing of all County administered taxes, including property taxes (which are the County's largest revenue source), transfer and recordation taxes (relating to real property transfers and recordation of instruments of writing), and several excise taxes (fuel/energy, telephone, hotel/motel,...

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  Risk Management

This program funds activities of the Office of the County Attorney, which provides legal services including investigation, negotiation, and litigation on behalf of the County and agencies that participate in the Self-Insurance Program. The Montgomery County Self-Insurance Program, established under County Code 20-37, provides comprehensive property and casualty insurance for the...

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  Accounts Receivable

This program is responsible for the timely receipt and accounting for monies due to the County from residents, businesses, and government agencies. In conjunction with the implementation of the Enterprise Resource Planning (ERP) system and associated best practices, this program provides for development of standardized policies and procedures, and provision...

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  General Accounting

This program is responsible for the analysis, interpretation, and presentation of the County's financial position and results of operations through timely, accurate, and professional financial reports. These reports provide public assurance as to the accountability and integrity of the use of County resources; adherence to budgetary policies established by...

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  Grants Accounting

This program is responsible for the analysis, interpretation, and presentation of the County's financial position relating to grants through timely, accurate, and professional financial reports. These reports provide public assurance as to the accountability and integrity of the use of Federal, State, and other outside resources; adherence to budgetary policies...

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  Payroll

This program is responsible for managing and maintaining the County's payroll system and functions as prescribed by Federal, State, and County laws, and local regulations. The program provides timely and accurate payroll disbursements to County employees, accounts for payroll deductions, issues W-2 statements to account for pre-tax and post-tax benefits,...

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  Tax Operations

This program is responsible for the timely and accurate collection and processing of all County administered taxes, including property taxes (which are the County's largest revenue source), transfer and recordation taxes (relating to real property transfers and recordation of instruments of writing), and several excise taxes (fuel/energy, telephone, hotel/motel, carryout...

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  Insurance

The Montgomery County Self-Insurance Program, established under County Code 20-37, provides comprehensive property and casualty insurance for the County and participating agencies. The program is funded through contributions from the agencies, which are based upon an annual actuarial analysis of their exposures and outstanding and projected future claims. The program...

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  Occupational Safety and Health

This program operates a proactive safety program and coordinates reporting to Federal and State regulatory agencies on health and safety issues. The State-required injury reports and the mandated safety training and record keeping are completed by the Safety Section of Risk Management on schedule. The program responds promptly to inspections...

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  Legal Services

This program funds activities of the Office of the County Attorney, which provides legal services including investigation, negotiation, and litigation on behalf of the County and agencies that participate in the Self-Insurance Program....

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Budget Trends
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Program Contacts

Contact Jedediah Millard of the Department of Finance at 240.777.8855 or Estela Boronat de Gomes of the Office of Management and Budget at 240.777.2785 for more information regarding this department's operating budget.

Related Links
Budget Summary
TitleActual
FY19
Budget
FY20
Estimate
FY20
Approved
FY21
%Chg
Bud/App
COUNTY GENERAL FUND
EXPENDITURES
Salaries and Wages7739974.009948205.00 7961193.00 10004755.000.6
Employee Benefits2793109.002842233.00 2899778.00 2668155.00-6.1
County General Fund Personnel Costs10533083.0012790438.00 10860971.00 12672910.00-0.9
Operating Expenses3541509.002735514.00 3849662.00 2632670.00-3.8
County General Fund Expenditures14074592.0015525952.00 14710633.00 15305580.00-1.4
PERSONNEL
Full-Time121.00124.00 124.00 119.00-4.0
Part-Time0.000.00 0.00 0.000.0
FTEs94.9098.92 98.92 97.67-1.3
REVENUES
Miscellaneous Revenues559993.00700000.00 700000.00 700000.000.0
Other Charges/Fees513978.00514500.00 498500.00 505200.00-1.8
Other Fines/Forfeitures17243.0015000.00 15000.00 15000.000.0
Other Intergovernmental433953.00473970.00 510920.00 514230.008.5
County General Fund Revenues1525167.001703470.00 1724420.00 1734430.001.8
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
Salaries and Wages2597186.003671599.00 3229034.00 3748658.002.1
Employee Benefits822177.001074954.00 967334.00 1003665.00-6.6
Self Insurance Internal Service Fund Personnel Costs3419363.004746553.00 4196368.00 4752323.000.1
Operating Expenses63938020.0069272776.00 69534278.00 73591398.006.2
Self Insurance Internal Service Fund Expenditures67357383.0074019329.00 73730646.00 78343721.005.8
PERSONNEL
Full-Time11.0011.00 11.00 11.000.0
Part-Time0.000.00 0.00 0.000.0
FTEs31.8731.87 31.87 32.371.6
REVENUES
Investment Income4556909.001000000.00 2979161.00 1628727.0062.9
Miscellaneous Revenues578956.001000000.00 1127461.00 1000000.000.0
Self Insurance Revenues68944588.0073404480.00 73843897.00 77514144.005.6
Self Insurance Internal Service Fund Revenues74080453.0075404480.00 77950519.00 80142871.006.3
 
CAPITAL FUND
EXPENDITURES
PERSONNEL
 
DEPARTMENT TOTALS
Total Expenditures81431975.0089545281.00 88441279.00 93649301.004.6
Total Full-Time Positions132.00135.00 135.00 130.00-3.7
Total Part-Time Positions0.000.00 0.00 0.000.0
Total FTEs126.77130.79 130.79 130.04-0.6
Total Revenues75605620.0077107950.00 79674939.00 81877301.006.2
FY21 Approved Changes
TitleExpendituresFTEs
COUNTY GENERAL FUND
Other Adjustments (with no service impacts)
Increase Cost: FY21 Compensation Adjustment2145030.00
FY21 APPROVED2145030.00
 
SELF INSURANCE INTERNAL SERVICE FUND
Other Adjustments (with no service impacts)
Increase Cost: FY21 Compensation Adjustment730320.00
FY21 APPROVED730320.00
Program Summary
Program NameFY20 APPR
Expenditures
FY20 APPR
FTEs
FY21 APPR
Expenditures
FY21 APPR
FTEs
Controller9736198.88622279849.87
Fiscal Management218249912.00204256610.75
Information Technology16471833.0015990644.00
Operations and Administration514407119.37374922514.37
Risk Management 00.007755125428.00
Treasury4767654.90248439423.05
Accounts Receivable5244636.0000.00
General Accounting197988515.9900.00
Grants Accounting5579925.0000.00
Payroll129598610.0000.00
Tax Operations199341518.1500.00
Insurance688936454.0000.00
Occupational Safety and Health7640143.0000.00
Legal Services311174420.5000.00
Total89545281130.7993649301130.04
Charges to Other Departments
Charged DepartmentCharged FundFY20
Total$
FY20
FTES
FY21
Total$
FY21
FTES
COUNTY GENERAL FUND
Human ResourcesEmployee Health Self Insurance1268800.751041700.75
Human ResourcesRetiree Health Benefits Trust Fund371100.25386500.25
General ServicesCentral Duplicating (Printing & Mail)67600.0569800.05
TransportationLeaf Vacuuming2457200.432418300.43
Parking District ServicesBethesda Parking325000.24335600.24
Parking District ServicesSilver Spring Parking368000.27380000.27
Parking District ServicesWheaton Parking123700.09127900.09
Community Use of Public FacilitiesCommunity Use of Public Facilities499500.37514800.37
RecreationRecreation440100.33453000.33
Permitting ServicesPermitting Services132000.10135900.10
Environmental ProtectionWater Quality Protection9615956.009398676.00
Recycling and Resource ManagementSolid Waste Disposal5876364.385812704.38
Recycling and Resource ManagementSolid Waste Collection2714660.642669900.64
Alcohol Beverage ServicesLiquor8153616.508212656.50
CIPCapital Fund1518721.00393970.25
Non-Departmental AccountsRetirement Fund (ERS)401520.30413660.30
Non-Departmental AccountsRetiree Health Benefits Trust Fund47080.0548840.05
Non-Departmental AccountsRSP-Disability Benefits (LTD2)14800.0115500.01
NDA - Conference CenterGeneral Fund1565991.0000.00
NDA - Incubator Programs - Economic Development PartnershipGeneral Fund1112881.0000.00
Economic Development FundEconomic Development Fund1570461.001633351.00
Total386450324.76344627422.01
Funding Parameter Items ($000s)
TitleFY21FY22FY23FY24FY25FY26
COUNTY GENERAL FUND
EXPENDITURES
FY21 Approved15306.00000015306.00000015306.00000015306.00000015306.00000015306.000000
No inflation or compensation change is included in outyear projections.
Subtotal Expenditures15306.00000015306.00000015306.00000015306.00000015306.00000015306.000000
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
FY21 Approved78344.00000078344.00000078344.00000078344.00000078344.00000078344.000000
No inflation or compensation change is included in outyear projections.
Retiree Health Insurance Pre-funding0.000000-2.000000-4.000000-4.000000-4.000000-1.000000
Subtotal Expenditures78344.00000078342.00000078340.00000078340.00000078340.00000078343.000000