Program Descriptions
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...
Program Performance Measures | Actual FY16 | Actual FY17 | Estimated FY18 | Target FY19 | Target FY20 |
---|
Bond Rating - Rating given to Montgomery County by Fitch, Moody's, and Standard and Poor's (Bond ratings are a measure of the quality and safety of a bond and are based on the issuer's financial condition) | AAA | AAA | AAA | AAA | AAA |
Interest Rate - True Interest Cost for Montgomery County General Obligation Bonds (the most common debt instrument used by the County) | 2.8% | 3.5% | 3.5% | 3.5% | 3.5% |
Interest Rate Benchmarking - County General Obligation (GO) vs. Municipal Market Data Index (basis point spread) 1 | -3.5 | 30.0 | 0.0 | 0.0 | 0.0 |
Investment Return - Rate of return on Montgomery County's investments | 0.39% | 0.71% | 1.20% | 1.70% | 2.20% |
Investment Return Benchmarking - County Return vs. S&P Local Government Investment Pool Index (basis point spread) | 19 | 12 | 12 | 12 | 12 |
Revenue forecasting - Percent variance between actual revenue and projected revenue | -0.15% | -0.67% | 0.0% | 0.0% | 0.0% |
Read More 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...
Read More Accounts Payable
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...
Program Performance Measures | Actual FY16 | Actual FY17 | Estimated FY18 | Target FY19 | Target FY20 |
---|
Procurement Card rebate revenue generated | 446,888 | 607,388 | 507,000 | 507,000 | 507,000 |
Read More 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...
Read More 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...
Program Performance Measures | Actual FY16 | Actual FY17 | Estimated FY18 | Target FY19 | Target FY20 |
---|
Receive the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting 1 | Received | Expected | Expected | Expected | Expected |
Read More 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...
Read More 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,...
Program Performance Measures | Actual FY16 | Actual FY17 | Estimated FY18 | Target FY19 | Target FY20 |
---|
Pension and long-term disability (LTD2) payroll payments processed | 60,148 | 61,119 | 63,000 | 63,000 | 63,000 |
Read More 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...
Program Performance Measures | Actual FY16 | Actual FY17 | Estimated FY18 | Target FY19 | Target FY20 |
---|
Property tax accounts billed | 371,446 | 375,187 | 378,000 | 380,000 | 382,000 |
Read More Treasury Operations
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...
Program Performance Measures | Actual FY16 | Actual FY17 | Estimated FY18 | Target FY19 | Target FY20 |
---|
Cashier transactions processed | 90,377 | 107,921 | 99,000 | 99,000 | 99,000 |
Read More 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...
Program Performance Measures | Actual FY16 | Actual FY17 | Estimated FY18 | Target FY19 | Target FY20 |
---|
Workers Compensation - Cost per $100 of payroll | 3.50 | 2.57 | 2.88 | 2.91 | 2.91 |
Workers Compensation - Number of Montgomery County Government cases resulting in lost work time | 524 | 485 | 504 | 525 | 525 |
Read More 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...
Program Performance Measures | Actual FY16 | Actual FY17 | Estimated FY18 | Target FY19 | Target FY20 |
---|
Training classes conducted by Safety and Health Specialists | 1,350 | 2,120 | 2,226 | 2,337 | 2,337 |
Read More 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....
Read More 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...
Read More