For the first time this year, the county budget includes the value of “in-kind” sponsorships to various agencies that receive county funding. In-kind transactions are not cash payments; they represent material or services the county provides to an agency. In these cases, the in-kind transactions are for the use of county-owned buildings, said Washington County CFO Kelcee Mace. They’re being included in Washington County’s Fiscal Year 2025 budget per Governmental Accounting Standards Board and Generally Accepted Accounting Principles requirements, according to budget document notes.
