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Commissioners Approve Budget Amendment and Transfer

On Tuesday morning, the Charles County Commissioners voted to approve the proposed budget amendment and budget transfer presented to them by the
Department of Fiscal and Administrative Services.

Due to a significant loss in projected interest income and income taxes, the County calculated it was necessary to offset their revenue decline by approximately $3.5 million. After reviewing last year’s budget and analyzing trends, Fiscal Services determined approximately $2 million needed to be cut from the County’s operating budget. Although public safety and education account for more than 70% of the County’s budget the Charles County Sheriff’s Office and Charles County Board of Education were not asked to make cuts in this process.

The County was also able to realize $900,000 through budget reallocation of positions and salary savings from a hiring freeze.

Additionally, Fiscal Services requested to transfer $700,000 from the County’s Cable Fund to the General Fund to enable them to offset the projected
revenue losses.


Posted by: Sammy on 03/11/10 at 04:58 PM

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