WASHINGTON COUNTY APPROVED BUDGET
FY 2026
Bond Rating:
An evaluation by investor advisory services indicating the probability of timely repayment of principal and interest on bonded indebtedness. These ratings significantly influence the interest rate that a borrowing government must pay on its bond issues. Washington County bonds are rated by three major advisory services: Moody’s Investors Service, Standard and Poor’s Corporation, and Fitch Investor Service. A complete plan of financial operations for a given period embodying an estimate of proposed expenditures and the proposed means of financing them. It is a means of allocating scarce resources.
Budget:
Capital Budget:
The current fiscal year proposed budget for capital expenditures and the means of financing them.
Capital Improvement Plan (CIP):
A 10- year plan for the provision of the County’s long -term facility and infrastructure needs (buildings, roads, parks, and other elements). The plan, which is updated annually, schedules by fiscal year the proposed capital construction phases and related expenditure and financing needs expected to occur during the 10- year period. It is integral to the County’s financial plan and is the basis for bond issuance. The funding of projects in the nine years beyond the Capital Budget Year is not appropriated and therefore is subject to change with each new budget year. A comprehensive program that provides a means for coordinating all departmental and agency project requests into one document. The program is used to forecast the future needs and priorities of the community and plans for the appropriate funding required. Multiple departments are involved in the program to assure all areas of interest and concern are reviewed. An appropriation and expenditure category for government assets with a value of $10,000 or more and a useful life of five or more years. Governmental effort involving expenditures and funding for the creation, expansion, renovation, or replacement of permanent facilities and other public assets having relatively long life. Expenditures within capital projects may include costs of planning, design, and construction management; land; site improvements; utilities; construction; and initial furnishings and equipment required to make a facility operational.
Capital Improvement Program:
Capital Outlay :
Capital Project :
2026 Budget Document
269
Made with FlippingBook - Online catalogs