WASHINGTON COUNTY APPROVED BUDGET
FY 2026
General Fund :
The principal operating fund for the County Government. It is used to account for all financial resources except those required to be accounted for in another fund. Bonds that are secured by the full faith and credit of the issuing body and generally are considered to be payable from taxes and other general revenues. Funds generally used to account for tax-supported activities. There are five different types of governmental funds: the general fund, debt service fund, capital projects fund, and permanent funds . A payment from one level of government to another or from a private organization to a government. Grants are made for specified purposes and must be spent only for that purpose. A State property tax credit program that limits the increase in residential taxable assessments each year to a fixed percentage. Each County is required to limit taxable assessment increases to 10% or less. Road, bridges, curbs and gutters, buildings, streets, sidewalks, drainage systems, and lighting systems installed for the common good.
General Obligation Bonds:
Governmental Funds :
Grant :
Homestead Tax Credit:
Infrastructure:
Interfund Transfer:
A transfer of resources from one fund to another as required by law or appropriation.
Investments:
Securities and real estate held for income in the form of interest, dividends, rentals, or lease payments .
Maintenance of Effort:
This is a state law that sets a funding floor for public schools from County governments. It requires them to spend at least the same amount per student as the previous fiscal year. Governmental fund or enterprise fund reported as a separated column in the basic fund financial statements and subject to a separate opinion in the independent auditor’s report.
Major Fund :
Mandated Program:
A program required by State or Federal statutes .
2026 Budget Document
272
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