The Frederick County, Maryland executive announced an improved financial state for the area over the past year.
County Executive Jan Gardner highlighted a solid financial position within the county for fiscal year 2018 as the comprehensive annual financial report was released Thursday.
Gardner says revenues surpassed budgetary estimates by more than $24 million, and expenditures were $15 million less than anticipated.
Gardner also announced that funding for county public schools exceeded maintenance of effort costs by $14 million dollars.
“We have a long-standing history of really conservative budgeting and finance, and so our financial condition has actually improved over the last year. All of our divisions are managing their budgets well and so Frederick County is well managed and we’re in a good financial position,” explained Frederick County Executive Jan Gardner.
The comprehensive financial report will be presented to the county council later this month.
The report is available online here.