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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 recommended FY25 Operating Budget for the Department of Finance is $131,998,575, an increase of $19,855,822 or 17.71 percent from the FY24 Approved Budget of $112,142,753. Personnel Costs comprise 16.09 percent of the budget for 125 full-time position(s) and no part-time position(s), and a total of 129.24 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 83.91 percent of the FY25 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 FY25 Operating Budget for the General Fund component is $19,169,018 an increase of $2,343,100 or 13.9 percent over the FY24 Approved Budget of $16,825,918. Personnel Costs comprise approximately 82 percent of the General Fund budget for 114 full-time positions. A total of 97.87 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 18 percent of the budget.

The total FY25 Operating Budget for the Self-Insurance Fund component of Finance (Risk Management) is $112,829,557, an increase of $17,512,722 or 18.4 percent over the FY24 Approved Budget of $95,316,835. Personnel Costs comprise approximately 5 percent of the Self-Insurance Fund budget for 11 full-time positions. A total of 31.37 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 95 percent of the budget. Included in the total FTEs are 20 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:

  • A Growing Economy
  • Effective, Sustainable Government

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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 FY24 estimates reflect funding based on the FY24 approved budget. The FY25 and FY26 figures are performance targets based on the FY25 recommended budget and funding for comparable service levels in FY26.

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Initiatives

  • Selected as an inaugural member of the Harvard Kennedy School Government Performance Lab's Green RFP Bootcamp to retool the upcoming Printing and Mailing Services for Tax Operations to include a sustainability-related component.

  • Solicit Requests for Proposals (RFP) for third-party workers compensation claims services and insurance broker services.

  • Transition to a new banking vendor that was selected from a competitive RFP process.
  • Upgrade the County's enterprise timekeeping and all scheduling systems to the vendor's new software as a service platform before vendor's end-of-life date of these products.

  • Upgrade the property tax billing system to the vendor's newer software as a service platform.

  • Continue leveraging automation software, business process reengineering, and developing customized software applications to meet the unique requirements of the department.

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Innovations and Productivity Improvements

  • Updated the Payment in Lieu of Taxes (PILOT) system that is utilized for property tax billing for certain accounts by leveraging newer technologies.

  • Implemented robotic process automation jobs to streamline tasks related to Accounts Receivables and Accounts Payable.

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 fund; and the fiscal analysis and issue management associated with master plan development, economic development, and legislative issues. It is also responsible for issuing and managing the County's financial obligations to fund the capital improvement program and manage cash flow;...

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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 the effective and efficient achievement of the Department's mission. Activities are proactively coordinated with the Department of Technology and Enterprise Business Solutions, other County Departments, vendors, and department staff to ensure...

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  Controller

This program provides effective management and support to the operations of Accounts Payable and Receivable; General and Grant Accounting; Financial Analysis, Audit and Compliance; and Timekeeping and Payroll. This program, through its operations, is responsible for overseeing expenditures and cash flow management; preparing timely and accurate annual financial statements and...

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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 a timely...

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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 Abdul Rauf of the Office of Management and Budget at 240.777.2766 for more information regarding this department's operating budget.

Related Links
Budget Summary
TitleActual
FY23
Budget
FY24
Estimate
FY24
Recommended
FY25
%Chg
Bud/Rec
COUNTY GENERAL FUND
EXPENDITURES
Salaries and Wages9386892.0011165473.00 10843267.00 12405523.0011.1
Employee Benefits2977797.002967364.00 3014408.00 3241231.009.2
County General Fund Personnel Costs12364689.0014132837.00 13857675.00 15646754.0010.7
Operating Expenses3738090.002693081.00 5176217.00 3522264.0030.8
County General Fund Expenditures16102779.0016825918.00 19033892.00 19169018.0013.9
PERSONNEL
Full-Time115.00115.00 115.00 114.00-0.9
Part-Time0.000.00 0.00 0.000.0
FTEs99.9299.92 99.92 97.87-2.1
REVENUES
Other Charges/Fees510656.00523900.00 516600.00 512100.00-2.3
Other Fines/Forfeitures9393.000.00 0.00 0.000.0
Other Intergovernmental515368.00476460.00 476460.00 457440.00-4.0
Miscellaneous Revenues784906.00500000.00 730000.00 730000.0046.0
County General Fund Revenues1820323.001500360.00 1723060.00 1699540.0013.3
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
Salaries and Wages3545913.004182423.00 3783272.00 4493381.007.4
Employee Benefits882205.001038875.00 923121.00 1094259.005.3
Self Insurance Internal Service Fund Personnel Costs4428118.005221298.00 4706393.00 5587640.007.0
Operating Expenses72968836.0090095537.00 90095537.00 107241917.0019.0
Self Insurance Internal Service Fund Expenditures77396954.0095316835.00 94801930.00 112829557.0018.4
PERSONNEL
Full-Time11.0011.00 11.00 11.000.0
Part-Time0.000.00 0.00 0.000.0
FTEs32.3732.37 32.37 31.37-3.1
REVENUES
Self Insurance Revenues91019119.0092796252.00 92996079.00 92796252.000.0
Miscellaneous Revenues692809.001000000.00 7500000.00 1500000.0050.0
Investment Income9756478.008100000.00 16004540.00 12598640.0055.5
Self Insurance Internal Service Fund Revenues101468406.00101896252.00 116500619.00 106894892.004.9
 
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
Operating Expenses2963048.000.00 0.00 0.000.0
Grant Fund - MCG Expenditures2963048.000.00 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
REVENUES
Federal Grants2963048.000.00 0.00 0.000.0
Grant Fund - MCG Revenues2963048.000.00 0.00 0.000.0
 
CAPITAL FUND
EXPENDITURES
PERSONNEL
 
DEPARTMENT TOTALS
Total Expenditures96462781.00112142753.00 113835822.00 131998575.0017.7
Total Full-Time Positions126.00126.00 126.00 125.00-0.8
Total Part-Time Positions0.000.00 0.00 0.000.0
Total FTEs132.29132.29 132.29 129.24-2.3
Total Revenues106251777.00103396612.00 118223679.00 108594432.005.0
FY25 Recommended Changes
TitleExpendituresFTEs
COUNTY GENERAL FUND
FY24 ORIGINAL APPROPRIATION1682591899.92
Other Adjustments (with no service impacts)
Increase Cost: Annualization of FY24 Compensation Increases7068720.00
Increase Cost: FY25 Compensation Adjustment6654160.00
Increase Cost: Annualization of FY24 Personnel Costs4863130.00
Increase Cost: IT Financial Systems Applications - Ongoing Software Maintenance [Information Technology]3068400.00
Increase Cost: Kronos Annual Maintenance and License Contractual Obligations [Controller]2757700.00
Increase Cost: Restore One-Time Lapse Increase [Operations and Administration]2439260.00
Shift: Positions between FIN Programs [Controller]1380381.00
Increase Cost: BNY Mellon Investment Custodian Fees Contractual Obligations [Fiscal Management]1150000.00
Increase Cost: Dunn and Bradstreet Ongoing Contractual Obligations [Information Technology]1099600.00
Increase Cost: Indirect Cost Study [Operations and Administration]80000.00
Increase Cost: Annual PCI and ACH Industry Compliance Audits [Information Technology]68300.00
Increase Cost: Annualization of FY24 Operating Expenses54900.00
Increase Cost: Printing and Mail12930.00
Shift: Move Tax Supported Chargeback from FIN to OCA [Controller]-8972-0.05
Decrease Cost: Retirement Adjustment-499220.00
Shift: Designated Resources to Support Countywide Human Resources Operations [Controller]-123410-1.00
Shift: Positions between FIN Programs [Treasury]-138038-1.00
Shift: Move Tax Supported Chargeback from FIN to OCA [Treasury]-165530-1.00
Re-align: One-Time Lapse Adjustment [Operations and Administration]-2407760.00
FY25 RECOMMENDED1916901897.87
 
SELF INSURANCE INTERNAL SERVICE FUND
FY24 ORIGINAL APPROPRIATION9531683532.37
Other Adjustments (with no service impacts)
Increase Cost: Claims Expense Change [Risk Management ]79650080.00
Increase Cost: Return of Contribution [Risk Management ]63732300.00
Increase Cost: Commercial Insurance Premiums [Risk Management ]23510900.00
Increase Cost: Annualization of FY24 Compensation Increases2354800.00
Increase Cost: Claims Service Contract Administrative costs [Risk Management ]2214550.00
Technical Adj: Shift of Fund Balance to Safety Section [Risk Management ]2200000.00
Increase Cost: FY25 Compensation Adjustment2115330.00
Decrease Cost: Annualization of FY24 Personnel Costs625340.00
Increase Cost: Insurance Broker Services [Risk Management ]149280.00
Increase Cost: Rent increase [Risk Management ]33750.00
Increase Cost: Printing and Mail1220.00
Decrease Cost: Motor Pool Adjustment-28280.00
Decrease Cost: Retirement Adjustment-77200.00
Shift: Move Non-Tax Supported chargeback from Self Insurance Fund to OCA [Risk Management ]-135485-1.00
FY25 RECOMMENDED11282955731.37
Program Summary
Program NameFY24 APPR
Expenditures
FY24 APPR
FTEs
FY25 REC
Expenditures
FY25 REC
FTEs
Controller672131750.87761693650.87
Fiscal Management220055811.00247181211.00
Information Technology17459883.9823183604.00
Operations and Administration418341615.371120247115.37
Risk Management 9441675328.0010550696327.00
Treasury287472123.07288203321.00
Total112142753132.29131998575129.24
Charges to Other Departments
Charged DepartmentCharged FundFY24
Total$
FY24
FTES
FY25
Total$
FY25
FTES
COUNTY GENERAL FUND
CIPCapital Fund00.0000.00
Community Use of Public FacilitiesCommunity Use of Public Facilities544500.37577000.37
Environmental ProtectionWater Quality Protection9011086.008867516.00
General ServicesCentral Duplicating (Printing & Mail)73800.0578200.05
Alcohol Beverage ServicesLiquor809800.50860600.50
Permitting ServicesPermitting Services143900.10152400.10
Economic Development FundEconomic Development Fund1832621.001972031.00
Non-Departmental AccountsRetirement Fund (ERS)448220.30463800.30
Non-Departmental AccountsRSP-Disability Benefits (LTD2)15600.0117200.01
Human ResourcesEmployee Health Self Insurance1101100.751166900.75
Human ResourcesRetiree Health Benefits Trust Fund441180.30486100.30
Parking District ServicesBethesda Parking354400.24375600.24
Parking District ServicesSilver Spring Parking401300.27425400.27
Parking District ServicesWheaton Parking135000.09143100.09
RecreationRecreation479700.33508100.33
Recycling and Resource ManagementSolid Waste Disposal5974404.385839304.38
Recycling and Resource ManagementSolid Waste Collection2321100.642247800.64
TransportationLeaf Vacuuming2465600.432383400.43
Total265533015.76265644415.76
Funding Parameter Items ($000s)
TitleFY25FY26FY27FY28FY29FY30
COUNTY GENERAL FUND
EXPENDITURES
FY25 Recommended19169.00000019169.00000019169.00000019169.00000019169.00000019169.000000
No inflation or compensation change is included in outyear projections.
Restore One-Time Lapse Increase0.000000241.000000241.000000241.000000241.000000241.000000
Restoration of one-time lapse adjustment
Labor Contracts0.000000297.000000297.000000297.000000297.000000297.000000
These figures represent the estimated annualized cost of general wage adjustments, service increments, and other negotiated items.
Subtotal Expenditures19169.00000019707.00000019707.00000019707.00000019707.00000019707.000000
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
FY25 Recommended112830.000000112830.000000112830.000000112830.000000112830.000000112830.000000
No inflation or compensation change is included in outyear projections.
Labor Contracts0.000000108.000000108.000000108.000000108.000000108.000000
These figures represent the estimated annualized cost of general wage adjustments, service increments, and other negotiated items.
Subtotal Expenditures112830.000000112938.000000112938.000000112938.000000112938.000000112938.000000