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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 FY26 Operating Budget for the Department of Finance is $137,983,008, an increase of $5,784,433 or 4.38 percent from the FY25 Approved Budget of $132,198,575. Personnel Costs comprise 16.87 percent of the budget for 125 full-time position(s) and no part-time position(s), and a total of 131.24 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 83.13 percent of the FY26 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 FY26 Operating Budget for the General Fund component is $20,784,167 an increase of $1,415,149 or 7.3 percent over the FY25 Approved Budget of $19,369,018. Personnel Costs comprise approximately 83 percent of the General Fund budget for 117 full-time positions. A total of 100.87 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 17 percent of the budget.

The total FY26 Operating Budget for the Self-Insurance Fund component of Finance (Risk Management) is $117,198,841, an increase of $4,369,284 or 3.9 percent over the FY25 Approved Budget of $112,829,557. Personnel Costs comprise approximately 5 percent of the Self-Insurance Fund budget for 11 full-time positions. A total of 33.37 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.

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 FY25 estimates reflect funding based on the FY25 approved budget. The FY26 and FY27 figures are performance targets based on the FY26 recommended budget and funding for comparable service levels in FY27.

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Initiatives

  • Preliminary review to integrate artificial intelligence applications into the modeling of the tax revenue forecasts.
  • Transition point of sales and online payment systems from current vendor to JPMorgan Chase Merchant Services and Digital Bill Pay.
  • Upgrade the County's enterprise timekeeping and scheduling systems to the vendor's new software as a service platform before the vendor's end-of-life date for these products.

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

  • Launch an improved driver's license program to ensure compliance with County policies.

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Innovations and Productivity Improvements

  • Replaced the Central Vendor Registration System with a new system built in-house that provides more functions and capabilities than the previous system.

  • Completed negotiations for a new contract for the claims administration services and broker services contract selected from a competitive request for proposal process.
  • Successfully executed a new contract for merchant card services selected from a competitive request for proposal process.

  • Develop an automated system for Debt Service budget preparation and publication integrating Debt Service estimates with actuals and linking those estimates to the Office of Management and Budgets budget preparation and publication system.

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 Improvements 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...

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  Risk Management

The Montgomery County Self-Insurance Program, established under County Code Section 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...

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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
FY24
Budget
FY25
Estimate
FY25
Recommended
FY26
%Chg
Bud/Rec
COUNTY GENERAL FUND
EXPENDITURES
Salaries and Wages10503429.0012405523.00 12299764.00 13533094.009.1
Employee Benefits3345403.003241231.00 3411031.00 3630363.0012.0
County General Fund Personnel Costs13848832.0015646754.00 15710795.00 17163457.009.7
Operating Expenses4266625.003722264.00 5726452.00 3620710.00-2.7
County General Fund Expenditures18115457.0019369018.00 21437247.00 20784167.007.3
PERSONNEL
Full-Time115.00114.00 114.00 114.000.0
Part-Time0.000.00 0.00 0.000.0
FTEs99.9297.87 97.87 97.870.0
REVENUES
Other Charges/Fees531745.00512100.00 517100.00 513700.000.3
Other Fines/Forfeitures5083.000.00 0.00 0.000.0
Other Intergovernmental476128.00457440.00 457440.00 469910.002.7
Miscellaneous Revenues756982.00730000.00 730000.00 730000.000.0
County General Fund Revenues1769938.001699540.00 1704540.00 1713610.000.8
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
Salaries and Wages3903713.004493381.00 4292990.00 4854915.008.1
Employee Benefits952430.001094259.00 1050848.00 1264742.0015.6
Self Insurance Internal Service Fund Personnel Costs4856143.005587640.00 5343838.00 6119657.009.5
Operating Expenses87515641.00107241917.00 107241917.00 111079184.003.6
Self Insurance Internal Service Fund Expenditures92371784.00112829557.00 112585755.00 117198841.003.9
PERSONNEL
Full-Time11.0011.00 11.00 11.000.0
Part-Time0.000.00 0.00 0.000.0
FTEs32.3731.37 31.37 33.376.4
REVENUES
Self Insurance Revenues93220729.0092796252.00 92796252.00 92796252.000.0
Miscellaneous Revenues7382913.001500000.00 1500000.00 2000000.0033.3
Investment Income16029957.0012598640.00 12598640.00 12248780.00-2.8
Self Insurance Internal Service Fund Revenues116633599.00106894892.00 106894892.00 107045032.000.1
 
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 Expenses-2663276.000.00 0.00 0.000.0
Grant Fund - MCG Expenditures-2663276.000.00 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
Grant Fund - MCG Revenues0.000.00 0.00 0.000.0
 
CAPITAL FUND
EXPENDITURES
PERSONNEL
 
DEPARTMENT TOTALS
Total Expenditures107823965.00132198575.00 134023002.00 137983008.004.4
Total Full-Time Positions126.00125.00 125.00 125.000.0
Total Part-Time Positions0.000.00 0.00 0.000.0
Total FTEs132.29129.24 129.24 131.241.5
Total Revenues118403537.00108594432.00 108599432.00 108758642.000.2
FY26 Recommended Changes
TitleExpendituresFTEs
COUNTY GENERAL FUND
FY25 ORIGINAL APPROPRIATION1936901897.87
Other Adjustments (with no service impacts)
Increase Cost: FY26 Compensation Adjustment7719430.00
Increase Cost: Annualization of FY25 Compensation Increases3372300.00
Increase Cost: Restore One-Time Lapse Increase [Operations and Administration]2407760.00
Re-align: Shift Position between Finance Programs [Controller]1857181.00
Increase Cost: Annualization of FY25 Personnel Costs1527260.00
Increase Cost: UKG Contract - Ongoing Annual License and Maintenance Support [Controller]1208100.00
Increase Cost: Tax Sale Advertisement [Treasury]740000.00
Increase Cost: Retirement Adjustment533530.00
Increase Cost: Annual PCI and ACH Industry Compliance Audits [Information Technology]70300.00
Increase Cost: Dunn and Bradstreet - Annual License Renewal [Information Technology]33000.00
Decrease Cost: Printing and Mail Adjustment-91290.00
Decrease Cost: Change in Netgross Charges [Treasury]-1007500.00
Re-align: Shift Position between Finance Programs [Fiscal Management]-185718-1.00
Decrease Cost: IT Financial Systems Applications - Ongoing Software Maintenance [Information Technology]-2361400.00
FY26 RECOMMENDED2078416797.87
 
SELF INSURANCE INTERNAL SERVICE FUND
FY25 ORIGINAL APPROPRIATION11282955731.37
Other Adjustments (with no service impacts)
Increase Cost: Claims Expense Change [Risk Management ]33380000.00
Increase Cost: Return of Contribution [Risk Management ]5459830.00
Increase Cost: Commercial Insurance Premiums [Risk Management ]5048480.00
Increase Cost: FY26 Compensation Adjustment2286890.00
Increase Cost: Annualization of FY25 Compensation Increases1134400.00
Increase Cost: Legal Secretary II- Office of County Attorney/Self Insurance Fund [Risk Management ]739621.00
Increase Cost: Principal Administrative Aide- Office of County Attorney/Self Insurance Fund [Risk Management ]677741.00
Increase Cost: Other Insurance Costs [Risk Management ]364940.00
Increase Cost: Annualization of FY25 Personnel Costs309030.00
Increase Cost: Retirement Adjustment172490.00
Increase Cost: Insurance Broker Services [Risk Management ]106670.00
Increase Cost: Motor Pool Adjustment98050.00
Increase Cost: Rent [Risk Management ]41760.00
Increase Cost: Printing and Mail Adjustment22960.00
Decrease Cost: Claims Service Contract Administrative Costs [Risk Management ]-6150020.00
FY26 RECOMMENDED11719884133.37
Program Summary
Program NameFY25 APPR
Expenditures
FY25 APPR
FTEs
FY26 REC
Expenditures
FY26 REC
FTEs
Controller761693650.87873757251.87
Fiscal Management267181211.00272408711.00
Information Technology23183604.0021933454.00
Operations and Administration1120247115.371222670015.37
Risk Management 10550696327.0010896614928.00
Treasury288203321.00313515521.00
Total132198575129.24137983008131.24
Charges to Other Departments
Charged DepartmentCharged FundFY25
Total$
FY25
FTES
FY26
Total$
FY26
FTES
COUNTY GENERAL FUND
CIPCapital Fund00.0000.00
Community Use of Public FacilitiesCommunity Use of Public Facilities577000.37605500.37
Environmental ProtectionWater Quality Protection8867516.009269126.00
General ServicesCentral Duplicating (Printing & Mail)78200.0582000.05
Alcohol Beverage ServicesLiquor860600.50902900.50
Permitting ServicesPermitting Services152400.10160000.10
Economic Development FundEconomic Development Fund1972031.001906161.00
Non-Departmental AccountsRetirement Fund (ERS)463800.30486600.30
Non-Departmental AccountsRSP-Disability Benefits (LTD2)17200.0118000.01
Human ResourcesEmployee Health Self Insurance1166900.751224500.75
Human ResourcesRetiree Health Benefits Trust Fund486100.30510000.30
Parking District ServicesBethesda Parking375600.24394100.24
Parking District ServicesSilver Spring Parking425400.27446300.27
Parking District ServicesWheaton Parking143100.09150200.09
RecreationRecreation508100.33533300.33
Recycling and Resource ManagementSolid Waste Disposal5839304.386072304.38
Recycling and Resource ManagementSolid Waste Collection2247800.642336900.64
TransportationLeaf Vacuuming2383400.432474300.43
Total265644415.76275721815.76
Funding Parameter Items ($000s)
TitleFY26FY27FY28FY29FY30FY31
COUNTY GENERAL FUND
EXPENDITURES
FY26 Recommended20784.00000020784.00000020784.00000020784.00000020784.00000020784.000000
No inflation or compensation change is included in outyear projections.
Labor Contracts0.00000051.00000051.00000051.00000051.00000051.000000
These figures represent the estimated annualized cost of general wage adjustments, service increments, and other negotiated items.
Subtotal Expenditures20784.00000020835.00000020835.00000020835.00000020835.00000020835.000000
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
FY26 Recommended117199.000000117199.000000117199.000000117199.000000117199.000000117199.000000
No inflation or compensation change is included in outyear projections.
Labor Contracts0.00000030.00000030.00000030.00000030.00000030.000000
These figures represent the estimated annualized cost of general wage adjustments, service increments, and other negotiated items.
Subtotal Expenditures117199.000000117229.000000117229.000000117229.000000117229.000000117229.000000