WASHINGTON COUNTY APPROVED BUDGET
FY 2026
Expenditure:
A decrease in the net financial resources of the County generally due to the purchase of goods and services, the payment of salaries and benefits, and the payment of debt service. A special fund, administered by the County as a trustee, consisting of resources to be expended or invested under the terms and conditions of the established purpose. The County Government’s policies with respect to taxes, spending, and debt management as these relate to government services, programs, and capital investment. Fiscal policy provides for an agreed-upon set of principles for the planning and programming of government budgets and their funding. The 12-month period to which the annual operating and capital budgets and their appropriations apply. The Washington County fiscal year starts on July 1 and ends on June 30. Assets of a long-term character which are intended to continue to be held or used, such as land, buildings, machinery, furniture, and other equipment. Personnel cost (Social Security Taxes, life/disability insurance premiums, medical/dental insurance premiums, workers compensation, etc. ) supplemental to employees’ salary and wages which are paid wholly or in part by the County. A fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, that are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. The difference between assets and liabilities reported in a governmental fund. The balance in this account is the cumulative result of actual revenues exceeding expenditures over time. A method to measure or estimate the number of full-time employees. Employees working less than 2,080 hours a year are counted as .5. Generally Accepted Accounting Principle. Uniform minimum standards for financial accounting and recording, encompassing the conventions, rules, and procedures that define accepted accounting principles.
Fiduciary Fund:
Fiscal Policy:
Fiscal Year:
Fixed Assets :
Fringe Benefits:
Fund :
Fund Balance :
Full-Time Equivalent :
GAAP :
2026 Budget Document
271
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