Dashboard Local Govt Rev Gen Fund Balances - General Assembly of Maryland Department of Legislative Services

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Summary

Local government general fund balances have started to move upward after several years of declining balances. County governments ended fiscal 2017 with total unrestricted general fund balances, including rainy day accounts, totaling $2.5 billion. This amount totaled only $1.7 billion in fiscal 2011, the year GASB 54 changed how fund balance is categorized. A county’s unrestricted general fund balance as a percent of general fund revenues is one indicator of a county’s fiscal health and a county’s ability to withstand an economic downturn. In fiscal 2017, unrestricted general fund balance as a percent of general fund revenues averaged 17.0% across county governments. In fiscal 2017, Wicomico County (42.6%) had the highest unrestricted fund balance ratio in the State followed by its Eastern Shore neighbors Somerset (38.7%) and Talbot (35.0%) counties. Anne Arundel County (12.2%) and Howard County (12.2%) had the lowest ratio.

Local Government Revenues – General Fund Balances