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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 FY22 Operating Budget for the Department of Finance is $100,944,411, an increase of $7,295,110 or 7.79 percent from the FY21 Approved Budget of $93,649,301. Personnel Costs comprise 17.45 percent of the budget for 126 full-time position(s) and no part-time position(s), and a total of 132.04 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 82.55 percent of the FY22 budget.

The Finance Operating Budget is comprised of a General Fund component (the Director's Office and the Divisions of Fiscal Management, Treasury, Information Technology, and Controller) and the Division of Risk Management, which is funded by the Liability and Property Coverage Self-Insurance Fund. The total FY22 Operating Budget for the General Fund component is $15,600,785, an increase of $295,205 or 0.20 percent over the FY21 approved budget of $15,305,580. Personnel Costs comprise approximately 83.15 percent of the General Fund budget for 115 full-time positions. A total of 99.67 FTEs includes these positions as well as any seasonal or temporary positions and positions charged to or from other departments or funds. Operating Expenses account for the remaining 16.85 percent of the budget.

The total FY22 Operating Budget for the Self-Insurance Fund component of Finance (Risk Management) is $85,343,626, an increase of $6,999,905 or 8.93 percent over the FY21 approved budget of $78,343,721. Personnel Costs comprise approximately 5.45 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 or temporary positions and positions charged to or from other departments or funds. Operating Expenses account for the remaining 94.55 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 FTEs 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 FY21 estimates reflect funding based on the FY21 approved budget. The FY22 and FY23 figures are performance targets based on the FY22 approved budget and funding for comparable service levels in FY23.

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Initiatives

  • Develop electronic claim reporting forms to streamline reporting and eliminate significant paper waste in the Claims Section.
  • The Partnering Community Banks with the Small Business Plus! Program 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, 2019 with the program generating over $2.9 million in interest income and creating an estimated 2,588 jobs. The program is in its 8th year in calendar year 2020 with 3 participating banks.

  • MCTIME Workforce TimeKeeper on-premise migration to SaaS Strikethrough will provide a single platform for timekeeping, and the County will benefit from enhanced functionality and disaster recovery.

  • The Department of Finance worked with the County Council to adopt amendments to the Public Election Fund Program that will improve and enhance the Administration and operations of the Program in the current election cycle. The Department is in the process of adopting Executive Regulations to address improvements that include enhanced clarity and transparency as well as establishing a post-election audit of the public campaign financing system to ensure compliance with County Law.

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Innovations and Productivity Improvements

  • Implemented Simplifile, the online system for e-recording for transfer/recordation to increase productivity and allow more staff to work remotely instead of more time-intensive manual processing.

  • Implemented new software, Gravity, to improve the efficiency and accuracy of the creation and completion of the Comprehensive Annual Financial Report.

  • With the assistance of the County Executive and Department Directors, created a mandatory Worksite Safety Coordinator Program to improve County safety and health culture. All Departments now have representation and have spent the past several months working on the core elements of the County Occupational Safety and Health Program. The implementation of new training and educational programs has strengthened the County's overall safety culture.

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 provides effective management and support to the operations of accounts payable and receivable; general and grants accounting; financial analysis, audit and compliance; and payroll. This program through its operations is responsible for overseeing expenditures and cash flow management; preparing timely and accurate annual financial statements and other standardized...

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  Treasury

This program is responsible for providing coordination and oversight of treasury operations and customer services through the cashiering function. All money received by the County, directly through the Treasury cashiering operation, from other County agencies, or through the internet and bank lockbox operation, is processed, administered, and recorded in...

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  Risk Management

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 pays all claims for Self Insured Workers' Compensation, General and Auto Liability, Auto Physical Damage and Property matters. The program is funded through contributions from the...

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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
FY20
Budget
FY21
Estimate
FY21
Approved
FY22
%Chg
Bud/App
COUNTY GENERAL FUND
EXPENDITURES
Salaries and Wages7938927.0010004755.00 8483435.00 10246975.002.4
Employee Benefits2873098.002668155.00 2783192.00 2724451.002.1
County General Fund Personnel Costs10812025.0012672910.00 11266627.00 12971426.002.4
Operating Expenses3538635.002632670.00 2858156.00 2629359.00-0.1
County General Fund Expenditures14350660.0015305580.00 14124783.00 15600785.001.9
PERSONNEL
Full-Time124.00119.00 119.00 115.00-3.4
Part-Time0.000.00 0.00 0.000.0
FTEs98.9297.67 97.67 99.672.1
REVENUES
Miscellaneous Revenues810013.00700000.00 700000.00 700000.000.0
Other Charges/Fees444974.00505200.00 570600.00 535500.006.0
Other Fines/Forfeitures10161.0015000.00 5000.00 0.00-100.0
Other Intergovernmental508022.00514230.00 514230.00 510700.00-0.7
County General Fund Revenues1773170.001734430.00 1789830.00 1746200.000.7
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
Salaries and Wages3440323.003748658.00 3203516.00 3678136.00-1.9
Employee Benefits981678.001003665.00 856418.00 968013.00-3.6
Self Insurance Internal Service Fund Personnel Costs4422001.004752323.00 4059934.00 4646149.00-2.2
Operating Expenses60862037.0073591398.00 73895485.00 80697477.009.7
Self Insurance Internal Service Fund Expenditures65284038.0078343721.00 77955419.00 85343626.008.9
PERSONNEL
Full-Time11.0011.00 11.00 11.000.0
Part-Time0.000.00 0.00 0.000.0
FTEs31.8732.37 32.37 32.370.0
REVENUES
Investment Income4758470.001628727.00 1628727.00 172690.00-89.4
Miscellaneous Revenues1194840.001000000.00 1000000.00 1000000.000.0
Self Insurance Revenues74259415.0077514144.00 77514144.00 77514144.000.0
Self Insurance Internal Service Fund Revenues80212725.0080142871.00 80142871.00 78686834.00-1.8
 
GRANT FUND - MCG
EXPENDITURES
Salaries and Wages0.000.00 0.00 0.000.0
Employee Benefits0.000.00 0.00 0.000.0
Grant Fund - MCG Personnel Costs0.000.00 0.00 0.000.0
Grant Fund - MCG Expenditures0.000.00 0.00 0.000.0
PERSONNEL
Full-Time0.000.00 0.00 0.000.0
Part-Time0.000.00 0.00 0.000.0
FTEs0.000.00 0.00 0.000.0
 
CAPITAL FUND
EXPENDITURES
PERSONNEL
 
DEPARTMENT TOTALS
Total Expenditures79634698.0093649301.00 92080202.00 100944411.007.8
Total Full-Time Positions135.00130.00 130.00 126.00-3.1
Total Part-Time Positions0.000.00 0.00 0.000.0
Total FTEs130.79130.04 130.04 132.041.5
Total Revenues81985895.0081877301.00 81932701.00 80433034.00-1.8
FY22 Approved Changes
TitleExpendituresFTEs
COUNTY GENERAL FUND
FY21 ORIGINAL APPROPRIATION1530558097.67
Other Adjustments (with no service impacts)
Increase Cost: FY21 Compensation Adjustment2857550.00
Increase Cost: Reduce Chargeback to Alcohol Beverages Services [Controller]1931542.00
Increase Cost: FY22 Compensation Adjustment1106540.00
Shift: Chargeback for Billing, Collection and Processing Services for Non-Tax [Treasury]324830.00
Increase Cost: Annual Payment Card Industry (PCI), and Automatic Clearing House (ACH) Industry Compliance [Information Technology]62500.00
Decrease Cost: Retirement Adjustment-11330.00
Decrease Cost: Print and Mail Adjustment-33150.00
Decrease Cost: Annualization of FY21 Operating Expenses-50660.00
Shift: Contract Administration for the Foundation for Asian Pacific American Chamber of Commerce to the Office of the County Executive. [Fiscal Management]-200000.00
Shift: Contract Administration for Hispanic Chamber of Commerce to the Office of the County Executive. [Fiscal Management]-250000.00
Shift: Chargeback for Billing, Collection and Processing Services for Non-Tax Supported Funds [Information Technology]-1137930.00
Decrease Cost: Annualization of FY21 Personnel Costs-1647840.00
FY22 APPROVED1560078599.67
 
SELF INSURANCE INTERNAL SERVICE FUND
FY21 ORIGINAL APPROPRIATION7834372132.37
Other Adjustments (with no service impacts)
Increase Cost: Self Insured Claims - Actuary Determined Increase [Risk Management ]41520000.00
Increase Cost: Increase in Commercial Insurance Premiums [Risk Management ]28921560.00
Increase Cost: FY21 Compensation Adjustment1240300.00
Increase Cost: FY22 Compensation Adjustment504370.00
Increase Cost: Claims Handling - Contract Price Increase [Risk Management ]312730.00
Increase Cost: Increase in Charges from the State of Maryland to Self-Insurance Entities [Risk Management ]262400.00
Increase Cost: Building Space Lease [Risk Management ]37290.00
Increase Cost: Motor Pool Adjustment24590.00
Decrease Cost: Print and Mail Adjustment-80.00
Decrease Cost: OPEB Adjustment-17700.00
Decrease Cost: Retirement Adjustment-97600.00
Decrease Cost: Annualization of FY21 Personnel Costs-2708810.00
FY22 APPROVED8534362632.37
Program Summary
Program NameFY21 APPR
Expenditures
FY21 APPR
FTEs
FY22 APPR
Expenditures
FY22 APPR
FTEs
Controller622279849.87629988851.87
Fiscal Management204256610.75196954610.75
Information Technology15990644.0016529474.00
Operations and Administration374922514.37416467814.37
Risk Management 7755125428.008445100228.00
Treasury248439423.05240635023.05
Total93649301130.04100944411132.04
Charges to Other Departments
Charged DepartmentCharged FundFY21
Total$
FY21
FTES
FY22
Total$
FY22
FTES
COUNTY GENERAL FUND
CIPCapital Fund393970.25398950.25
Community Use of Public FacilitiesCommunity Use of Public Facilities514800.37500100.37
Environmental ProtectionWater Quality Protection9398676.009697966.00
General ServicesCentral Duplicating (Printing & Mail)69800.0567700.05
Alcohol Beverage ServicesLiquor8212656.501935160.50
Permitting ServicesPermitting Services135900.10132400.10
Economic Development FundEconomic Development Fund1633351.001619591.00
Non-Departmental AccountsRetirement Fund (ERS)413660.30394480.30
Non-Departmental AccountsRetiree Health Benefits Trust Fund48840.0500.00
Non-Departmental AccountsRSP-Disability Benefits (LTD2)15500.0114800.01
Human ResourcesEmployee Health Self Insurance1041700.75995700.75
Human ResourcesRetiree Health Benefits Trust Fund386500.25415820.30
Parking District ServicesBethesda Parking335600.24325400.24
Parking District ServicesSilver Spring Parking380000.27368100.27
Parking District ServicesWheaton Parking127900.09123700.09
RecreationRecreation453000.33441100.33
Recycling and Resource ManagementSolid Waste Disposal5812704.386095404.38
Recycling and Resource ManagementSolid Waste Collection2669900.642807700.64
TransportationLeaf Vacuuming2418300.432545500.43
Total344627422.01288795616.01
Funding Parameter Items ($000s)
TitleFY22FY23FY24FY25FY26FY27
COUNTY GENERAL FUND
EXPENDITURES
FY22 Approved15601.00000015601.00000015601.00000015601.00000015601.00000015601.000000
No inflation or compensation change is included in outyear projections.
Labor Contracts0.000000250.000000250.000000250.000000250.000000250.000000
These figures represent the estimated annualized cost of general wage adjustments, service increments, and other negotiated items.
Subtotal Expenditures15601.00000015851.00000015851.00000015851.00000015851.00000015851.000000
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
FY22 Approved85344.00000085344.00000085344.00000085344.00000085344.00000085344.000000
No inflation or compensation change is included in outyear projections.
Retiree Health Insurance Pre-funding0.000000-4.000000-8.000000-13.000000-13.000000-13.000000
Labor Contracts0.00000092.00000092.00000092.00000092.00000092.000000
These figures represent the estimated annualized cost of general wage adjustments, service increments, and other negotiated items.
Subtotal Expenditures85344.00000085432.00000085428.00000085423.00000085423.00000085423.000000