Friday, March 1, 2024 |
FOLLOW US:

County Increases Reserve Threshold To 15% After Fund Balance Jump

December 13, 2023

Worcester County will boost its reserves following an increase in fund balance. The Worcester County Commissioners last week voted unanimously to move forward with adjusting the county’s reserve fund from 12% of budgeted general fund expenditures to 15%. The jump was made possible with a $9.6 million increase in fund balance in FY 2023.

Article Source: MD Coast Dispatch

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.