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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 FY23 Operating Budget for the Department of Finance is $103,537,516, an increase of $2,593,105 or 2.57 percent from the FY22 Approved Budget of $100,944,411. Personnel Costs comprise 17.6 percent of the budget for 126 full-time position(s) and no part-time position(s), and a total of 132.29 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 82.4 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 FY23 Operating Budget for the General Fund component is $16,103,577, an increase of $502,792 or 3.22 percent over the FY22 approved budget of $15,600,785. Personnel Costs comprise approximately 83.30 percent of the General Fund budget for 115 full-time positions. A total of 99.92 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 16.70 percent of the budget.

The total FY23 Operating Budget for the Self-Insurance Fund component of Finance (Risk Management) is $87,433,939, an increase of $2,090,313 or 2.45 percent over the FY22 approved budget of $85,343,626. Personnel Costs comprise approximately 5.50 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 94.5 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:

  • 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 FY22 estimates reflect funding based on the FY22 approved budget. The FY23 and FY24 figures are performance targets based on the FY23 approved budget and funding for comparable service levels in FY24.

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Initiatives

  • Partnering with the County Executive's Innovation Office to develop ways to encourage more residents to pay County taxes and other bills online versus in-person or through the mail, reducing the use of paper and carbon emissions.
  • Switching Robotic Process Automation platforms that offer greater integration capability with the County's existing information technology investments.
  • Continuing partnership with the Department of Technology and Enterprise Business Solutions to enhance the department's Disaster Recovery and Business Continuity capability.
  • Implementing an Account Verification Service for all online Automated Clearing House payments to ensure that a payer's bank account standing is valid prior to submitting a payment to prevent returns.
  • Risk Management has made significant progress in developing electronic claim reporting forms to streamline reporting and eliminate significant paper waste in the Claims Section. The electronic claim reporting form initiative has been tested with the Motor Vehicle Accident Notice (MVA) Form and will be tested with the Liability Accident Notice Form. The MVA form will be piloted with Alcohol Beverage Services (ABS) and the Division of Highway Services (HWY) by April 2022; and the Liability Accident Notice Form will be piloted with the Department of General Services by the end of the fiscal year.
  • For the 2022 Election Cycle, the Public Election Fund has authorized and distributed $1,804,355 in matching fund contributions to 16 candidates who have been certified and are running in contested elections as of February 28, 2022.
  • 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, 2020, with the program generating over $3.4 million in interest income and creating an estimated 2,972 jobs.

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Innovations and Productivity Improvements

  • Implemented a Business Intelligence dashboard that allows departments to quickly reconcile Accounts Receivable payments.
  • Implemented a Timecard Correction electronic workflow for employees that significantly reduces the total time required for the review and approval of updates.
  • Implemented an online application that allows businesses to pay for telephone excise tax without the use of paper and significantly reduces the cost of administration.
  • Automated an internal business payroll reconciliation process leveraging Robotic Process Automation that significantly reduces the time to complete tasks.
  • Updated the Central Vendor Registration System based on collaboration with the Department of Transportation to improve the customer experience by including the capability to translate content to multiple languages, simplifying the workflow, and updating instructions based on resident feedback.

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 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 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 consistency...

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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 Derrick Harrigan of the Office of Management and Budget at 240.777.8759 for more information regarding this department's operating budget.

Related Links
Budget Summary
TitleActual
FY21
Budget
FY22
Estimate
FY22
Approved
FY23
%Chg
Bud/App
COUNTY GENERAL FUND
EXPENDITURES
Salaries and Wages8328246.0010246975.00 9418795.00 10615199.003.6
Employee Benefits2751684.002724451.00 2753504.00 2798829.002.7
County General Fund Personnel Costs11079930.0012971426.00 12172299.00 13414028.003.4
Operating Expenses2545947.002629359.00 3241876.00 2689549.002.3
County General Fund Expenditures13625877.0015600785.00 15414175.00 16103577.003.2
PERSONNEL
Full-Time119.00115.00 115.00 115.000.0
Part-Time0.000.00 0.00 0.000.0
FTEs97.6799.67 99.67 99.920.3
REVENUES
Other Charges/Fees595444.00535500.00 535500.00 535500.000.0
Other Fines/Forfeitures1278234.000.00 0.00 0.000.0
Other Intergovernmental514716.00510700.00 510700.00 515820.001.0
Miscellaneous Revenues645970.00700000.00 500000.00 500000.00-28.6
County General Fund Revenues3034364.001746200.00 1546200.00 1551320.00-11.2
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
Salaries and Wages3224395.003678136.00 3495816.00 3842799.004.5
Employee Benefits856173.00968013.00 938868.00 965097.00-0.3
Self Insurance Internal Service Fund Personnel Costs4080568.004646149.00 4434684.00 4807896.003.5
Operating Expenses59999253.0080697477.00 80697477.00 82626043.002.4
Self Insurance Internal Service Fund Expenditures64079821.0085343626.00 85132161.00 87433939.002.4
PERSONNEL
Full-Time11.0011.00 11.00 11.000.0
Part-Time0.000.00 0.00 0.000.0
FTEs32.3732.37 32.37 32.370.0
REVENUES
Self Insurance Revenues78133853.0077514144.00 77514144.00 89979623.0016.1
Miscellaneous Revenues398893.001000000.00 1000000.00 1000000.000.0
Investment Income334239.00172690.00 296060.00 1767200.00923.3
Self Insurance Internal Service Fund Revenues78866985.0078686834.00 78810204.00 92746823.0017.9
 
GRANT FUND - MCG
EXPENDITURES
Salaries and Wages120789.000.00 0.00 0.000.0
Employee Benefits1878.000.00 0.00 0.000.0
Grant Fund - MCG Personnel Costs122667.000.00 0.00 0.000.0
Operating Expenses16600743.000.00 0.00 0.000.0
Grant Fund - MCG Expenditures16723410.000.00 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 Grants16723410.000.00 0.00 0.000.0
Grant Fund - MCG Revenues16723410.000.00 0.00 0.000.0
 
CAPITAL FUND
EXPENDITURES
PERSONNEL
 
DEPARTMENT TOTALS
Total Expenditures94429108.00100944411.00 100546336.00 103537516.002.6
Total Full-Time Positions130.00126.00 126.00 126.000.0
Total Part-Time Positions0.000.00 0.00 0.000.0
Total FTEs130.04132.04 132.04 132.290.2
Total Revenues98624759.0080433034.00 80356404.00 94298143.0017.2
FY23 Approved Changes
TitleExpendituresFTEs
COUNTY GENERAL FUND
FY22 ORIGINAL APPROPRIATION1560078599.67
Other Adjustments (with no service impacts)
Increase Cost: Annualization of FY22 Compensation Increases2502860.00
Increase Cost: FY23 Compensation Adjustment1693830.00
Increase Cost: Annualization of FY22 Personnel Costs646670.00
Increase Cost: Kronos Annual Maintenance and License Contractual Obligation [Controller]522240.00
Shift: CIP FTE to the General Fund [Fiscal Management]403690.25
Technical Adj: IT Financial Systems - Ongoing Software License and Maintenance [Information Technology]279700.00
Increase Cost: Chargeback for Billing, Collection and Processing Services for Non-Tax Supported Funds [Information Technology]83530.00
Increase Cost: Annual PCI and ACH Industry Compliance [Information Technology]64300.00
Decrease Cost: Printing and Mail Adjustment-5540.00
Decrease Cost: Chargeback for Billing, Collection, and Processing Services for Non-Tax Supported Funds [Operations and Administration]-141500.00
Technical Adj: IT Financial Systems - Ongoing Software License and Maintenance [Operations and Administration]-279700.00
Decrease Cost: Chargeback for Billing, Collection and Processing Services for Non-Tax [Treasury]-290930.00
Decrease Cost: Retirement Adjustment-451230.00
FY23 APPROVED1610357799.92
 
SELF INSURANCE INTERNAL SERVICE FUND
FY22 ORIGINAL APPROPRIATION8534362632.37
Other Adjustments (with no service impacts)
Increase Cost: Increase in Commercial Insurance Premiums [Risk Management ]19192820.00
Decrease Cost: Claims Service Contract Administrative Costs [Risk Management ]8115450.00
Increase Cost: Annualization of FY22 Compensation Increases916830.00
Increase Cost: FY23 Compensation Adjustment690720.00
Increase Cost: Worker's Comp. Tax [Risk Management ]400000.00
Increase Cost: Annualization of FY22 Personnel Costs353840.00
Increase Cost: Insurance Broker Services [Risk Management ]137030.00
Increase Cost: Rent increase [Risk Management ]38410.00
Increase Cost: Motor Pool Adjustment18910.00
Increase Cost: Printing and Mail Adjustment1940.00
Decrease Cost: OPEB Adjustment-134700.00
Decrease Cost: Other Insurance Costs [Risk Management ]-153210.00
Decrease Cost: Retirement Adjustment-343920.00
Decrease Cost: Claims Expense [Risk Management ]-8330990.00
FY23 APPROVED8743393932.37
Program Summary
Program NameFY22 APPR
Expenditures
FY22 APPR
FTEs
FY23 APPR
Expenditures
FY23 APPR
FTEs
Controller629988851.87640546851.87
Fiscal Management196954610.75210919411.00
Information Technology16529474.0016940284.00
Operations and Administration416467814.37413585414.37
Risk Management 8445100228.008656496228.00
Treasury240635023.05262801023.05
Total100944411132.04103537516132.29
Charges to Other Departments
Charged DepartmentCharged FundFY22
Total$
FY22
FTES
FY23
Total$
FY23
FTES
COUNTY GENERAL FUND
CIPCapital Fund398950.2500.00
Community Use of Public FacilitiesCommunity Use of Public Facilities500100.37513600.37
Environmental ProtectionWater Quality Protection9697966.009615056.00
General ServicesCentral Duplicating (Printing & Mail)67700.0569600.05
Alcohol Beverage ServicesLiquor1935160.50768200.50
Permitting ServicesPermitting Services132400.10135600.10
Economic Development FundEconomic Development Fund1619591.001675961.00
Non-Departmental AccountsRetirement Fund (ERS)394480.30427160.30
Non-Departmental AccountsRSP-Disability Benefits (LTD2)14800.0115300.01
Human ResourcesEmployee Health Self Insurance995700.751038600.75
Human ResourcesRetiree Health Benefits Trust Fund415820.30433340.30
Parking District ServicesBethesda Parking325400.24334500.24
Parking District ServicesSilver Spring Parking368100.27378700.27
Parking District ServicesWheaton Parking123700.09127500.09
RecreationRecreation441100.33452100.33
Recycling and Resource ManagementSolid Waste Disposal6095404.386189504.38
Recycling and Resource ManagementSolid Waste Collection2807700.642848000.64
TransportationLeaf Vacuuming2545500.432578100.43
Total288795616.01276008115.76
Funding Parameter Items ($000s)
TitleFY23FY24FY25FY26FY27FY28
COUNTY GENERAL FUND
EXPENDITURES
FY23 Approved16104.00000016104.00000016104.00000016104.00000016104.00000016104.000000
No inflation or compensation change is included in outyear projections.
Labor Contracts0.000000564.000000564.000000564.000000564.000000564.000000
These figures represent the estimated annualized cost of general wage adjustments, service increments, and other negotiated items.
Subtotal Expenditures16104.00000016668.00000016668.00000016668.00000016668.00000016668.000000
 
SELF INSURANCE INTERNAL SERVICE FUND
EXPENDITURES
FY23 Approved87434.00000087434.00000087434.00000087434.00000087434.00000087434.000000
No inflation or compensation change is included in outyear projections.
Labor Contracts0.000000184.000000184.000000184.000000184.000000184.000000
These figures represent the estimated annualized cost of general wage adjustments, service increments, and other negotiated items.
Subtotal Expenditures87434.00000087618.00000087618.00000087618.00000087618.00000087618.000000