WASHINGTON COUNTY APPROVED BUDGET
FY 2026
Modified Accrual:
The basis of accounting under which revenues are recognized when they become susceptible to accrual, that is, when they become both measurable and available to finance expenditures of the fiscal period. Expenditures are generally recorded at the time liabilities are incurred. The annual budget that supports day-to-day operations of the County agencies for a single fiscal year. It includes all services and programs planned, their expenditure requirements and revenue estimates to support the stated level of activity. Those costs, other than expenditures for wages and benefits and capital outlay, that are necessary to support the operation of the department, such as charges for contractual services, telephones, printing, and office supplies. A term used to describe a financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
Operating Budget:
Operating Expense:
Pay-As-You-Go Basis:
Performance Indicator:
A type of performance measurement that evaluates the success of an organization or a particular activity.
Positions:
Identified jobs into which persons may be hired either on a full- time or part-time basis .
Property Tax:
A tax on the value of real or personal property levied by a government, which is paid by the owner of the property .
Public Hearings:
Opportunities for citizens and constituent groups to voice opinions and concerns to public officials. Public hearings are advertised in the local papers. Speakers register to testify. If it is not possible to testify in person at the hearings, written testimony is acceptable and encouraged. A tax calculated on the value of recorded mortgages, deeds and other documents which transfer title or create liens on real or personal property. An account used either to set aside budgeted resources that are not required for expenditure in the current budget year or to earmark resources for a specific future purpose.
Recordation Tax:
Reserve:
Resources:
Total amounts available for appropriation including estimated revenues, fund transfers, and beginning balances.
2026 Budget Document
273
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