THE COUNTY COMMISSIONERS OF CARROLL COUNTY Westminster ... · Table 1 THE COUNTY COMMISSIONERS OF CARROLL COUNTY Westminster, Maryland Net Assets by Component Last Ten Fiscal Years

THE COUNTY COMMISSIONERS OF CARROLL COUNTY Westminster, Maryland

STATISTICAL SECTION

145

This part of Carroll County’s Comprehensive Annual Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the County’s overall financial health. Contents ................................................................................................................... Page(s) Financial Trends These tables contain trend information to help the reader understand how the County’s financial performance and well-being have changed over time. .......................................................................................... 146-153 Revenue Capacity These tables contain information to help the reader assess the County’s most significant local revenue sources and property tax.......................... 154-158 Debt Capacity These tables contain information to help the reader assess the affordability of the County’s current levels of outstanding debt and the County’s ability to issue additional debt in the future. ...................................... 159-162 Economic and Demographic Information These tables offer economic and demographic indicators to help the reader understand the environment within which the County’s financial activities take place. .................................................................................. 163-164 Operating Information These tables contain service and infrastructure data to help the reader understand how the information in the County’s financial report relates to the services the County provides and the activities it performs. ............................................................................................... 165-174 Sources: Unless otherwise noted, the information in these schedules is derived from the Comprehensive Annual Financial Reports for the relevant year. The County implemented GASB Statement No. 34 in 2002; tables presenting government-wide information include information beginning in that year.

Table 1 THE COUNTY COMMISSIONERS OF CARROLL COUNTY

Westminster, Maryland

Net Assets by Component Last Ten Fiscal Years

(accrual basis of accounting)

146

2012 2011 2010 2009 2008Governmental Activities

Invested in Capital Assets, Net of Related Debt 215,928,941$ 224,468,499$ 249,331,687$ 269,641,878$ 255,882,342$ Restricted 33,568,756 33,768,252 22,354,742 19,883,463 23,889,197Unrestricted (71,406,666) (77,293,628) (60,878,526) (18,700,701) 74,067,173

Total Governmental Activities Net Assets 178,091,031 180,943,123 210,807,903 270,824,640 353,838,712

Business-Type ActivitiesInvested in Capital Assets, Net of Related Debt 102,205,828 104,568,783 93,558,513 95,654,846 82,575,108Restricted 12,503,774 370,116 1,308,820 9,435,295 6,788,158Unrestricted (3,535,427) 5,063,524 4,257,842 (5,246,129) 6,594,607

Total Business-Type Activities Net Assets 111,174,175 110,002,423 99,125,175 99,844,012 95,957,873

Primary governmentInvested in Capital Assets, Net of Related Debt 318,134,769 329,037,282 342,890,200 365,296,724 338,457,450Restricted 46,072,530 34,138,368 23,663,562 29,318,758 30,677,355Unrestricted (74,942,093) (72,230,104) (56,620,684) (23,946,830) 80,661,780

Total Primary Government Net Assets 289,265,206$ 290,945,546$ 309,933,078$ 370,668,652$ 449,796,585$

Fiscal years 2003 – 2005 were reclassified to show the correct classification of net assets. Fiscal year 2005 was restated to reflect recognition of retroactive infrastructure. Source: Carroll County Department of the Comptroller.



Net Assets by Component Last Ten Fiscal Years

(accrual basis of accounting)

147

2007 2006 2005 2004 2003

270,193,492$ 279,457,684$ 293,878,857$ 99,396,330$ 92,960,320$ 21,321,426 21,667,901 14,091,970 14,534,627 16,942,10170,332,171 57,753,704 23,949,365 (1,601,245) (2,476,673)

361,847,089 358,879,289 331,920,192 112,329,712 107,425,748

78,066,986 64,416,046 69,310,436 60,863,614 64,212,7637,077,515 12,111,572 12,439,395 8,631,616 10,850,8576,918,217 3,660,752 (5,209,355) 655,260 (9,333,600)

92,062,718 80,188,370 76,540,476 70,150,490 65,730,020

348,260,478 343,873,730 363,189,293 160,259,944 157,173,08328,398,941 33,779,473 26,531,365 23,166,243 27,792,95877,250,388 55,150,087 18,740,010 (945,985) (11,810,273)

453,909,807$ 432,803,290$ 408,460,668$ 182,480,202$ 173,155,768$

Tabl

e 2

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Exp

ense

sG

over

nmen

tal A

ctiv

ities

:G

ener

al g

over

nmen

t75

,610

,266

$

88,2

80,3

17$

79

,073

,880

$

74,2

96,4

86$

70

,411

,246

$

63,4

12,6

21$

56

,180

,288

$

67,9

23,7

35$

64

,812

,090

$

51,1

65,5

41$

Pu

blic

safe

ty

37,3

56,4

6337

,244

,642

37,7

98,0

6038

,658

,117

35,5

83,9

8528

,609

,006

27,0

78,4

9924

,593

,665

23,7

82,6

0521

,482

,313

Publ

ic w

orks

28,7

64,3

5529

,582

,890

33,9

74,6

0730

,238

,005

30,4

96,1

4320

,775

,987

28,0

93,7

4413

,108

,072

17,9

45,4

9212

,791

,981

Hea

lth4,

666,

495

4,93

9,76

24,

963,

980

4,86

8,27

14,

454,

550

4,39

7,03

94,

310,

828

4,04

0,82

13,

876,

743

3,79

7,01

9So

cial

serv

ices

1,20

4,48

91,

249,

949

1,41

8,13

91,

346,

366

1,22

8,09

51,

131,

873

1,09

9,69

01,

049,

646

1,06

3,89

696

8,23

1Ed

ucat

ion

186,

244,

744

185,

038,

583

209,

838,

466

219,

824,

282

188,

609,

030

168,

198,

541

152,

201,

781

144,

886,

450

140,

695,

342

119,

340,

068

Rec

reat

ion

and

park

s3,

418,

694

3,25

7,48

34,

143,

870

2,60

6,23

02,

596,

212

2,77

2,65

42,

005,

587

2,19

5,99

62,

399,

444

1,88

3,05

6Li

brar

ies

11,5

40,2

4511

,277

,792

9,97

1,26

17,

740,

076

9,26

9,07

87,

511,

036

6,81

2,08

76,

293,

406

5,26

5,67

95,

518,

118

Con

serv

atio

n of

nat

ural

reso

urce

s4,

701,

163

20,1

63,9

6914

,288

,096

29,1

25,3

8317

,487

,058

16,7

11,7

0013

,395

,013

10,9

94,2

085,

985,

065

8,59

0,29

9Ec

onom

ic d

evel

opm

ent

2,23

9,35

25,

370,

598

6,01

8,68

75,

988,

296

4,71

5,07

53,

076,

751

2,05

8,98

82,

195,

167

886,

661

3,25

8,50

4In

tere

st o

n lo

ng-te

rm d

ebt

13,4

01,4

6512

,522

,525

12,5

53,6

8010

,282

,801

8,96

3,13

18,

984,

385

8,70

0,18

18,

498,

183

7,37

7,96

88,

785,

009

Tota

l Gov

ernm

enta

l Act

iviti

es E

xpen

ses

369,

147,

731

398,

928,

510

414,

042,

726

424,

974,

313

373,

813,

603

325,

581,

593

301,

936,

686

285,

779,

349

274,

090,

985

237,

580,

139

Busin

ess-

Type

Act

iviti

es:

Bure

au o

f Util

ities

11,0

90,4

6811

,890

,461

10,4

89,6

458,

169,

257

10,0

56,5

467,

849,

747

7,51

0,98

810

,486

,631

6,18

4,84

66,

322,

675

Solid

Was

te8,

727,

891

8,83

0,20

98,

961,

015

7,48

7,84

37,

648,

918

7,93

5,23

77,

480,

908

6,94

7,80

86,

827,

590

6,55

9,55

9A

irpor

t1,

769,

112

618,

045

829,

611

777,

692

3,09

7,61

82,

086,

621

2,23

5,04

81,

991,

862

1,08

4,86

294

0,44

0Se

ptag

e53

2,36

947

5,71

847

4,19

538

8,39

839

5,82

440

2,89

836

4,01

033

3,22

943

7,39

738

6,52

7Fi

rear

ms

92,9

3579

,627

76,2

8177

,475

74,4

9758

,238

60,2

6762

,524

50,6

7056

,259

Fibe

r Net

wor

k54

0,43

6

21

5,01

7

-

-

-

-

-

-

-

-

To

tal B

usin

ess-

Type

Act

iviti

es E

xpen

ses

22,7

53,2

1122

,109

,077

20,8

30,7

4716

,900

,665

21,2

73,4

0318

,332

,741

17,6

51,2

2119

,822

,054

14,5

85,3

6514

,265

,460

Tota

l Pri

mar

y G

over

nmen

t Exp

ense

s39

1,90

0,94

2$

42

1,03

7,58

7$

43

4,87

3,47

3$

44

1,87

4,97

8$

39

5,08

7,00

6$

34

3,91

4,33

4$

31

9,58

7,90

7$

30

5,60

1,40

3$

28

8,67

6,35

0$

25

1,84

5,59

9$

Prog

ram

Rev

enue

sG

over

nmen

tal A

ctiv

ities

:C

harg

es fo

r Ser

vice

s:G

ener

al g

over

nmen

t7,

466,

568

$

8,

361,

578

$

7,

579,

919

$

7,

483,

309

$

10

,755

,039

$

9,36

4,74

2$

6,09

9,86

8$

5,71

8,53

6$

6,01

8,32

7$

7,53

1,53

1$

Publ

ic sa

fety

2,

048,

892

2,30

5,29

42,

544,

149

2,93

8,20

33,

294,

542

3,84

0,41

02,

704,

610

2,79

7,31

92,

367,

860

2,10

1,68

1Pu

blic

wor

ks1,

588,

668

1,56

0,09

01,

530,

974

1,52

0,81

21,

672,

368

1,45

6,79

21,

341,

439

1,53

1,72

61,

134,

025

73,5

92H

ealth

124,

065

44,3

2012

,190

15,5

4112

,492

8,15

58,

111

7,98

13,

840

5,39

6So

cial

serv

ices

6,60

06,

600

284,

014

367,

238

367,

238

284,

564

334,

806

316,

333

316,

332

316,

332

Educ

atio

n48

7,46

445

7,69

839

3,95

142

5,15

040

9,26

674

9,35

35,

763,

276

5,34

4,71

56,

697,

153

6,64

6,97

9R

ecre

atio

n an

d pa

rks

1,00

8,18

787

5,20

086

0,86

577

2,20

481

8,93

190

7,46

541

9,89

333

8,92

035

1,81

330

5,89

6Ec

onom

ic d

evel

opm

ent

-

-

-

-

-

-

10,7

4149

,578

53,7

2957

,543

Ope

ratin

g G

rant

s and

Con

tribu

tions

16,3

72,5

7917

,944

,093

16,2

01,8

0914

,075

,463

13,8

24,7

3212

,841

,014

11,8

33,4

8711

,314

,222

10,6

78,4

1410

,082

,222

Cap

ital G

rant

s and

Con

tribu

tions

6,79

1,37

410

,461

,443

17,2

97,0

183,

212,

403

6,79

7,21

87,

453,

139

3,02

2,17

75,

841,

273

6,93

7,34

19,

221,

074

Tota

l Gov

ernm

enta

l Act

iviti

es P

rogr

am R

even

ues

35,8

94,3

9742

,016

,316

46,7

04,8

8930

,810

,323

37,9

51,8

2636

,905

,634

31,5

38,4

0833

,260

,603

34,5

58,8

3436

,342

,246

(Acc

rual

bas

is o

f acc

ount

ing)

TH

E C

OU

NT

Y C

OM

MIS

SIO

NE

RS

OF

CA

RR

OL

L C

OU

NT

YW

estm

inst

er, M

aryl

and

Cha

nges

in N

et A

sset

sL

ast T

en F

isca

l Yea

rs

cmccoy

Typewritten Text

148

Tabl

e 2

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

(Acc

rual

bas

is o

f acc

ount

ing)

TH

E C

OU

NT

Y C

OM

MIS

SIO

NE

RS

OF

CA

RR

OL

L C

OU

NT

YW

estm

inst

er, M

aryl

and

Cha

nges

in N

et A

sset

sL

ast T

en F

isca

l Yea

rs

Busin

ess-

Type

Act

iviti

es:

Cha

rges

for S

ervi

ces:

Bure

au o

f Util

ities

8,49

0,17

3$

8,63

0,73

0$

7,84

3,04

1$

7,51

9,55

9$

7,66

8,00

3$

7,34

4,47

0$

6,28

1,65

9$

6,58

1,91

2$

6,15

8,14

8$

5,12

1,16

9$

Solid

Was

te7,

243,

944

7,30

7,10

85,

907,

344

6,53

4,24

36,

626,

896

6,60

9,67

96,

461,

528

6,07

8,34

06,

130,

517

5,31

5,45

4A

irpor

t65

0,66

067

5,68

351

8,58

167

1,25

82,

222,

010

1,84

0,44

92,

041,

458

1,74

4,41

41,

016,

110

536,

329

Sept

age

682,

663

608,

688

603,

550

449,

263

387,

636

536,

845

482,

599

388,

871

453,

800

328,

401

Fire

arm

s14

5,69

912

6,69

611

1,98

410

4,71

355

,120

59,4

0079

,649

72,8

9450

,327

50,9

43O

pera

ting

Gra

nts a

nd C

ontri

butio

ns-

-

-

-

-

1,06

4,79

7

-

49

,256

36,5

7119

5,87

7C

apita

l Gra

nts a

nd C

ontri

butio

ns2,

012,

594

2,07

3,79

31,

908,

142

1,96

3,86

22,

520,

888

2,07

9,42

21,

562,

378

5,85

3,89

41,

572,

502

1,05

9,47

5To

tal B

usin

ess-

Type

Act

iviti

es P

rogr

am R

even

ues

19,2

25,7

3319

,422

,698

16,8

92,6

4217

,242

,898

19,4

80,5

5319

,535

,062

16,9

09,2

7120

,769

,581

15,4

17,9

7512

,607

,648

Tota

l Pri

mar

y G

over

nmen

t Pro

gram

Rev

enue

s55

,120

,130

$

61,4

39,0

14$

63

,597

,531

$

48,0

53,2

21$

57

,432

,379

$

56,4

40,6

96$

48

,447

,679

$

54,0

30,1

84$

49

,976

,809

$

48,9

49,8

94$

Net

(Exp

ense

)/Rev

enue

Gov

ernm

enta

l Act

iviti

es(3

33,2

53,3

34)

(356

,912

,194

)(3

67,3

37,8

37)

(394

,163

,990

)(3

35,8

61,7

77)

(288

,675

,959

)(2

70,3

98,2

78)

(252

,518

,746

)(2

39,5

32,1

51)

(201

,237

,893

)Bu

sines

s-Ty

pe A

ctiv

ities

(3,5

27,4

78)

(2,6

86,3

79)

(3,9

38,1

05)

342,

233

(1,7

92,8

50)

1,20

2,32

1(7

41,9

50)

947,

527

832,

610

(1,6

57,8

12)

Tota

l Pri

mar

y G

over

nmen

t Net

Exp

ense

(336

,780

,812

)$

(359

,598

,573

)$

(371

,275

,942

)$

(393

,821

,757

)$

(337

,654

,627

)$

(287

,473

,638

)$

(271

,140

,228

)$

(251

,571

,219

)$

(238

,699

,541

)$

(202

,895

,705

)$

Gen

eral

Rev

enue

s and

Oth

er C

hang

es in

Net

Ass

ets

Gov

ernm

enta

l Act

iviti

es:

Taxe

s: Prop

erty

taxe

s20

3,60

1,06

6$

20

8,29

6,51

2$

20

1,57

3,21

3$

18

9,07

9,52

9$

17

4,35

4,87

3$

15

8,11

2,93

6$

14

8,64

4,72

8$

13

4,73

2,89

6$

12

7,32

2,60

0$

11

5,41

7,11

6$

In

com

e ta

x11

8,16

8,03

812

1,92

1,97

095

,516

,527

99,9

73,9

0312

0,23

0,11

810

6,92

1,33

110

8,43

5,38

610

3,31

5,65

190

,410

,674

77,8

21,6

32R

ecor

datio

n8,

520,

674

7,61

2,90

79,

154,

578

9,22

0,24

914

,948

,705

18,9

02,0

9422

,782

,302

22,2

07,0

7219

,238

,898

11,1

52,4

53A

dmiss

ion

and

amus

emen

t tax

296,

890

379,

990

246,

184

335,

125

386,

186

405,

295

393,

659

451,

296

428,

625

477,

069

Agr

icul

tura

l tra

nsfe

r tax

159,

227

24,9

7724

,199

181,

458

439,

268

390,

420

501,

049

863,

696

693,

045

973,

496

Hot

el ta

x29

8,49

828

4,60

228

7,85

028

7,49

531

1,04

932

1,67

619

1,11

7-

-

-

Stat

e sh

ared

, unr

estri

cted

620,

224

724,

807

1,17

2,33

910

,300

,922

11,7

44,9

6112

,729

,241

12,3

13,3

629,

936,

273

7,89

0,08

59,

652,

977

Inve

stm

ent e

arni

ngs a

nd m

iscel

lane

ous,

unre

stric

ted

3,04

8,63

178

2,34

62,

107,

298

4,56

3,21

78,

753,

090

8,62

2,19

66,

988,

995

2,66

2,24

21,

277,

769

1,69

3,75

2Tr

ansf

ers

(4,3

12,0

06)

(1

2,98

0,69

7)(2

,761

,088

)(2

,791

,980

)(3

,314

,850

)(8

,497

,061

)(2

,893

,223

)(3

,807

,258

)(2

,825

,581

)(4

,226

,480

)To

tal G

over

nmen

tal A

ctiv

ities

330,

401,

242

327,

047,

414

307,

321,

100

311,

149,

918

327,

853,

400

297,

908,

128

297,

357,

375

270,

361,

868

244,

436,

115

212,

962,

015

Busin

ess-

Type

Act

iviti

es:

Inve

stm

ent e

arni

ngs a

nd m

iscel

lane

ous,

unre

stric

ted

383,

547

$

582,

930

$

422,

785

$

751,

926

$

2,27

9,73

0$

2,17

4,96

6$

1,49

6,62

1$

1,63

5,20

1$

762,

279

$

1,09

8,35

7$

Gai

n on

sale

of c

apita

l ass

et3,

677

-

35,3

95

-

93

,425

-

-

-

-

-

Tran

sfer

s4,

312,

006

12,9

80,6

972,

761,

088

2,79

1,98

03,

314,

850

8,49

7,06

12,

893,

223

3,80

7,25

82,

825,

581

4,22

6,48

0To

tal B

usin

ess-

Type

Act

iviti

es4,

699,

230

13,5

63,6

273,

219,

268

3,54

3,90

65,

688,

005

10,6

72,0

274,

389,

844

5,44

2,45

93,

587,

860

5,32

4,83

7To

tal P

rim

ary

Gov

ernm

ent

335,

100,

472

340,

611,

041

310,

540,

368

314,

693,

824

333,

541,

405

308,

580,

155

301,

747,

219

275,

804,

327

248,

023,

975

218,

286,

852

Gov

ernm

enta

l Act

iviti

es(2

,852

,092

)$

(29,

864,

780)

$

(60,

016,

737)

$

(83,

014,

072)

$

(8,0

08,3

77)

$

9,

232,

169

$

26

,959

,097

$

17,8

43,1

22$

4,

903,

964

$

11

,724

,122

$

Busin

ess-

Type

Act

iviti

es1,

171,

752

10,8

77,2

48(7

18,8

37)

3,88

6,13

93,

895,

155

11,8

74,3

483,

647,

894

6,38

9,98

64,

420,

470

3,66

7,02

5To

tal P

rim

ary

Gov

ernm

ent C

hang

e in

Net

Ass

ets

(1,6

80,3

40)

$

(1

8,98

7,53

2)$

(6

0,73

5,57

4)$

(7

9,12

7,93

3)$

(4

,113

,222

)$

21,1

06,5

17$

30

,606

,991

$

24,2

33,1

08$

9,

324,

434

$

15

,391

,147

$

Not

e: F

or c

ompa

rison

pur

pose

s, re

venu

es fo

r fisc

al y

ears

200

4 an

d 20

03 w

ere

recl

assif

ied

from

C

harg

es fo

r Ser

vice

to M

aint

enan

ce F

ee a

nd In

vest

men

t Ear

ning

sSo

urce

: C

arro

ll C

ount

y D

epar

tmen

t of t

he C

ompt

rolle

r

cmccoy

Typewritten Text

149

Tab

le 3

T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

Fu

nd B

alan

ces,

Gov

ernm

enta

l Fun

ds

Las

t Ten

Fis

cal Y

ears

(m

odifi

ed a

ccru

al b

asis

of a

ccou

ntin

g)

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Gen

eral

Fu

nd

(1)

Non

spen

dabl

e27

,853

,715

$

30

,274

,746

$

R

estr

icte

d25

,272

,233

18

,998

,982

C

omm

itte

d19

,777

,263

20

,165

,000

A

ssig

ned

20,9

46,4

37

9,78

2,49

0

U

nass

igne

d14

,827

,375

16

,809

,377

T

otal

Gen

eral

Fun

d10

8,67

7,02

3

96,0

30,5

95

Non

-Maj

or G

over

nm

enta

l F

un

ds:

(1)

Cap

tial

Pro

ject

s F

und

Ass

igne

d37

,748

,479

33

,780

,969

S

peci

al R

even

ues

Fun

d

Res

tric

ted

2,22

7,03

0

4,

361,

704

Com

mit

ted

911,

792

603,

723

Una

ssig

ned

-

(21,

576)

Tot

al N

on-M

ajor

Gov

ernm

enta

l F

unds

40,8

87,3

01

38,7

24,8

20

Tot

al G

over

nmen

tal

Fun

ds14

9,56

4,32

4$

134,

755,

415

$

Una

ssig

ned

Gen

eral

Fun

d B

alan

ce

as a

Per

cent

age

of

Gen

eral

Fun

d E

xpen

ditu

res

4.8%

5.5%

Gen

eral

Fu

nd

Res

erve

d 39

,429

,507

$

34

,538

,703

$

34

,265

,738

$

36

,345

,385

$

29

,544

,723

$

22

,316

,884

$

18

,002

,122

$

15

,106

,392

$

U

nres

erve

d an

d de

sign

ated

27,8

68,2

8134

,623

,762

30,9

97,1

3831

,787

,678

31,2

17,8

8942

,231

,314

21,9

03,1

4033

,688

,855

Unr

eser

ved,

und

esig

nate

d 7,

993,

646

8,10

3,28

114

,858

,762

7,30

2,10

213

,542

,642

12,8

91,5

3312

,597

,901

3,75

1,25

7T

otal

Gen

eral

Fun

d75

,291

,434

77

,265

,746

80

,121

,638

75

,435

,165

74

,305

,254

77

,439

,731

52

,503

,163

52

,546

,504

Non

-Maj

or G

over

nm

enta

l F

un

ds:

Cap

tial

Pro

ject

s F

und

Res

erve

d fo

r E

ncum

bran

ces

14,1

73,0

39

19,9

67,9

75

39,9

12,1

91

11,0

23,5

65

12,8

57,7

09

8,80

0,33

2

8,

075,

516

13,2

59,4

60

Unr

eser

ved

and

desi

gnat

ed29

,143

,318

25

,951

,067

45

,904

,401

93

,792

,138

79

,972

,189

48

,702

,238

41

,394

,637

43

,640

,987

S

peci

al R

even

ues

Fun

d

Unr

eser

ved,

und

esig

nate

d4,

940,

003

3,33

8,52

7

2,

340,

051

9,97

3,46

0

9,

395,

177

5,20

7,34

8

4,

318,

286

10,7

26,4

59

Tot

al O

ther

Gov

ernm

enta

l F

unds

48,2

56,3

60

49,2

57,5

69

88,1

56,6

43

114,

789,

163

10

2,22

5,07

5

62,7

09,9

18

53,7

88,4

39

67,6

26,9

06

Tot

al G

over

nmen

tal

Fun

ds12

3,54

7,79

4$

126,

523,

315

$

16

8,27

8,28

1$

190,

224,

328

$

17

6,53

0,32

9$

140,

149,

649

$

10

6,29

1,60

2$

120,

173,

410

$

Unr

eser

ved

Gen

eral

Fun

d B

alan

ce

as a

Per

cent

age

of

Gen

eral

Fun

d E

xpen

ditu

res

10.5

%12

.9%

14.9

%13

.7%

17.0

%21

.4%

14.9

%17

.0%

So

urce

: C

arro

ll C

ount

y D

epar

tmen

t of t

he C

ompt

rolle

r. (1

) In

FY 2

011

GA

SB 5

4 w

as im

plem

ente

d.

150

Table 4


Local Tax Revenues by Source, Governmental Funds

Last Ten Fiscal Years (modified accrual basis of accounting)

151

Admission andFiscal Property Income Recordation Amusement 911 ServiceYear Taxes Tax Tax Tax Fees-Tax Total2003 115,417,116$ 78,628,056$ 11,152,453$ 477,069$ 701,240$ 206,375,934$ 2004 121,407,052 91,103,719 19,238,898 428,625 887,552 233,065,8462005 132,226,766 104,179,347 22,207,072 451,296 996,212 260,060,6932006 143,192,552 109,127,552 22,782,302 393,659 1,242,506 276,738,5712007 158,112,936 111,739,728 18,902,094 405,295 1,600,475 290,760,5282008 174,354,873 119,734,329 14,948,705 386,186 1,240,906 310,664,9992009 189,079,529 114,560,912 9,220,249 335,125 1,196,731 314,392,5462010 201,526,399 109,618,082 9,154,578 246,184 1,163,737 321,708,9802011 208,296,512 117,344,676 7,612,907 379,990 1,039,337 334,673,4222012 203,601,066 128,967,957 8,520,674 296,890 1,037,075 342,423,662

Change2003-2012 76.4% 64.0% -23.6% -37.8% 47.9% 65.9%

In fiscal year 2004, the Income Tax rate was increased from 2.85% to 3.05% and the Recordation Tax was increased from $3.50 per $500 to $5.00 per $500. On July 1, 2004 the local 911 service fee-tax increased from $0.50 to $0.75. In fiscal year 2012, property tax rate reduced from $1.048 to $1.028 per $100 of assessed value. Source: Carroll County Department of the Comptroller.

Table 5

152

2012 2011 2010 2009 2008REVENUES

Taxes-Local (see Table 4) $342,423,662 $334,673,422 $321,708,980 $314,392,546 $310,664,999Taxes-State Shared 1,236,284 1,447,227 1,219,154 10,800,922 12,244,961Impact fees 1,575,933 1,148,592 1,304,575 869,347 1,350,460Licenses and permits 1,382,219 1,364,820 1,310,176 1,288,525 1,666,970Intergovernmental revenues 15,316,915 26,455,936 30,841,686 15,042,612 16,773,453Charges for services 4,810,478 4,981,149 5,008,757 5,239,049 5,788,013Fines and forfeits 92,355 101,128 86,168 90,840 100,509Interest and gain on investments 6,800,763 1,244,055 2,989,913 5,463,426 10,537,502Miscellaneous revenues 4,372,030 3,249,099 4,396,040 3,349,723 4,101,008

Total revenues 378,010,639 374,665,428 368,865,449 356,536,990 363,227,875 EXPENDITURESCurrent:

General government 69,611,957 69,373,934 72,086,446 69,035,233 65,771,932Public safety 35,914,325 35,396,452 34,748,084 35,256,843 34,222,625Public works 8,831,776 10,649,104 12,586,032 11,325,405 10,861,774Health 4,494,155 4,707,292 4,712,680 4,731,958 4,368,725Social services 1,185,304 1,226,927 1,391,110 1,319,630 1,200,206Education 173,557,501 174,935,761 177,855,179 172,156,658 155,480,987Library 8,497,632 8,645,019 8,413,733 8,170,171 7,717,198Recreation and parks 2,569,590 2,639,789 1,877,029 1,665,731 1,648,268Conservation of natural resources 839,957 822,510 792,207 800,054 821,409Economic development 1,970,523 5,089,136 5,640,224 5,690,821 4,351,843

Capital outlay 30,304,655 44,842,000 77,047,071 127,778,575 86,014,727Debt service:

Principal 27,087,742 23,431,934 22,889,828 24,029,542 23,487,007Interest 14,154,056 13,914,992 12,802,086 10,470,693 9,543,326

Total expenditures 379,019,173 395,674,850 432,841,709 472,431,314 405,490,027Excess (deficiency) of revenuesover (under) expenditures (1,008,534) (21,009,422) (63,976,260) (115,894,324) (42,262,152)

OTHER FINANCING SOURCES (USES)Transfers in 21,745,757 13,778,283 12,035,023 16,037,191 26,594,904Transfers out (26,057,763) (16,018,252) (14,780,223) (18,829,171) (29,909,754)Refunding bonds issued 9,873,957 14,690,327 (7,936,995) - - Payments to escrow agent (11,299,208) (14,593,220) - - (6,786,798) Bonds issued 18,750,000 21,192,091 64,508,850 72,088,000 27,100,000Bonds premium (discount) 2,756,696 2,894 2,371,214 1,874,448 672,349Issuance of debt-long term notes - 13,115,500 4,662,430 2,956,796 2,495,343

Total other financing sources 15,769,439 32,167,623 60,860,299 74,127,264 20,166,044Net change in fund balances 14,760,905$ 11,158,201$ (3,115,961)$ (41,767,060)$ (22,096,108)$

Debt Service as a percentage ofNoncapital Expenditures 12.2% 10.4% 9.0% 7.9% 8.9%

Note: For comparison purposes, transfers out to the Pension Fund for fiscal years 2004, 2005 and 2006 were reclassified as expenditures by function.The initial year for the Pension Fund was fiscal year 2004.Implementation of GASB 43 & 45 was fiscal year 2008.

Source: Carroll County Department of the Comptroller.

(modified accrual basis of accounting)

THE COUNTY COMMISSIONERS OF CARROLL COUNTY Westminster, Maryland Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years

Table 5

153

2007 2006 2005 2004 2003

$290,760,528 $276,738,571 $260,060,693 233,065,846$ 206,375,934$ 12,729,242 12,313,362 9,936,273 7,890,085 9,652,9771,669,793 3,924,721 3,936,986 4,864,707 5,394,2631,781,585 3,349,234 2,999,086 3,175,909 3,368,917

14,253,803 12,627,892 15,319,436 16,448,322 18,806,8495,732,717 4,559,557 4,850,580 4,237,420 4,410,686

86,754 88,942 123,622 107,577 132,34911,112,070 6,753,742 3,395,552 2,071,122 2,657,7925,953,948 3,763,843 3,862,252 3,862,329 3,359,057

344,080,440 324,119,864 304,484,480 275,723,317 254,158,824

60,783,464 60,412,713 66,446,506 53,805,088 46,886,32028,595,412 26,875,030 24,466,006 22,682,161 20,585,1179,425,523 8,495,030 7,851,771 7,386,474 8,034,7004,339,691 4,204,001 3,924,884 3,814,693 3,734,9691,131,873 1,096,568 1,042,802 1,057,052 961,387

151,674,483 142,253,487 132,393,561 124,378,658 117,076,0076,782,100 6,220,220 5,725,660 5,232,270 5,098,4952,106,832 1,221,026 1,113,773 1,098,367 1,109,263

718,552 698,716 675,481 642,661 616,4033,067,166 1,819,561 2,728,971 3,282,035 3,257,189

55,671,218 45,177,873 38,032,734 43,078,838 23,727,048

20,336,962 18,421,084 14,670,026 15,997,408 13,907,7469,237,763 8,987,587 8,145,529 7,451,178 8,722,292

353,871,039 325,882,896 307,217,704 289,906,883 253,716,936

(9,790,599) (1,763,032) (2,733,224) (14,183,566) 441,888

14,957,047 12,024,485 17,376,594 22,913,593 23,208,305(17,812,601) (14,890,815) (20,004,967) (32,739,174) (27,434,785)

- - - - - (24,849,347) - - (71,096,825) - 44,092,000 34,699,318 36,860,000 81,104,603 16,289,0511,180,352 171,249 157,786 (3,335) - 5,994,265 5,923,118 2,179,934 100,000 530,930

23,561,716 37,927,355 36,569,347 278,862 12,593,50113,771,117$ 36,164,323$ 33,836,123$ (13,904,704)$ 13,035,389$

9.1% 9.2% 8.0% 8.8% 9.8%

Tab

le 6

T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

A

sses

sed

Val

uatio

n an

d E

stim

ated

Act

ual V

alue

of T

axab

le P

rope

rty

Las

t Ten

Fis

cal Y

ears

Estim

ated

Gra

nd T

otal

Fisc

alAs

sess

edEs

timat

edDi

rect

Publ

ic M

arke

tDi

rect

Es

timat

edYe

arVa

lue

Mar

ket V

alue

Tax

Rate

Unin

corp

orat

edIn

corp

orat

edUt

ilitie

sTo

tal

Valu

eTa

x Ra

teM

arke

t Val

ue

2003

9,82

1,66

5,20

2$

9,82

1,66

5,20

2$

1.04

8$

14,2

38,1

00$

241,

341,

930

$

26

3,62

1,78

0$

519,

201,

810

$

51

9,20

1,81

0$

2.

62$

10

,340

,867

,012

$

20

0410

,449

,917

,089

10,4

49,9

17,0

891.

048

14,8

36,2

4022

8,92

0,02

025

5,08

1,61

049

8,83

7,87

049

8,83

7,87

02.

6210

,948

,754

,959

2005

11,5

24,6

15,7

0011

,524

,615

,700

1.04

812

,241

,920

233,

698,

170

263,

902,

400

509,

842,

490

509,

842,

490

2.62

12,0

34,4

58,1

9020

0612

,973

,853

,789

12,9

73,8

53,7

891.

048

11,2

12,7

9023

7,29

0,84

024

7,78

5,66

049

6,28

9,29

049

6,28

9,29

02.

6213

,470

,143

,079

2007

14,9

10,9

76,0

9114

,910

,976

,091

1.04

812

,180

,910

259,

445,

570

258,

703,

530

530,

330,

010

530,

330,

010

2.62

15,4

41,3

06,1

0120

0817

,346

,223

,578

17,3

46,2

23,5

781.

048

11,2

66,3

4026

7,23

8,63

027

7,84

0,35

055

6,34

5,32

055

6,34

5,32

02.

6217

,902

,568

,898

2009

19,8

51,9

53,9

8019

,851

,953

,980

1.04

811

,958

,790

273,

972,

690

271,

526,

820

557,

458,

300

557,

458,

300

2.62

20,4

09,4

12,2

8020

1021

,512

,336

,815

21,5

12,3

36,8

151.

048

11,2

85,6

5027

6,47

5,34

026

6,07

0,82

055

3,83

1,81

055

3,83

1,81

02.

6222

,066

,168

,625

2011

20,3

50,5

38,4

5120

,350

,538

,451

1.04

810

,631

,520

258,

758,

007

275,

237,

500

544,

627,

027

544,

627,

027

2.62

20,8

95,1

65,4

7820

1219

,148

,080

,099

19,1

48,0

80,0

991.

028

10,2

01,3

0038

8,87

9,33

026

6,41

5,29

066

5,49

5,92

066

5,49

5,92

02.

5719

,813

,576

,019

Real

Pro

pert

yPe

rson

al P

rope

rty

Asse

ssed

Val

ue

R

eal p

rope

rty is

reas

sess

ed e

very

thre

e ye

ars.

Rea

l pro

perty

is a

sses

sed

at m

arke

t val

ue.

The

tota

l per

sona

l pro

perty

ass

esse

d va

lue

is e

qual

to th

e es

timat

ed m

arke

t val

ue.

S

ourc

e:

Car

roll

Cou

nty

Dep

artm

ent o

f the

Com

ptro

ller.

154

Tab

le 7

TH

E C

OU

NT

Y C

OM

MIS

SIO

NE

RS

OF

CA

RR

OL

L C

OU

NT

Y

Wes

tmin

ster

, Mar

ylan

d

Rea

l Pro

pert

y T

ax R

ates

- D

irec

t and

Ove

rlap

ping

Gov

ernm

ents

(P

er $

100

of A

sses

sed

Val

ue)

Las

t Ten

Fis

cal Y

ears

D

irec

t Rat

eFi

scal

Car

roll

Stat

e of

New

Uni

onM

t.Y

ear

Cou

nty

Mar

ylan

dTa

neyt

own

Syke

svill

eM

anch

este

rW

estm

inst

er

Ham

pste

adW

inds

orB

ridge

Airy

2003

$1.0

48$0

.08

$0.3

2$0

.304

$0.1

84$0

.40

$0.2

0$0

.16

$0.3

0$0

.206

2004

1.04

80.

132

0.32

0.30

40.

184

0.40

0.20

0.16

0.30

0.20

220

051.

048

0.13

20.

320.

330.

184

0.40

0.20

0.16

0.30

0.19

320

061.

048

0.13

20.

320.

330.

184

0.40

0.20

0.16

0.30

0.18

820

071.

048

0.11

20.

320.

330.

184

0.44

0.20

0.16

0.30

0.18

320

081.

048

0.11

20.

320.

330.

184

0.44

0.20

0.20

0.30

0.17

420

091.

048

0.11

20.

320.

330.

184

0.44

0.20

0.20

0.30

0.16

520

101.

048

0.11

20.

320.

330.

184

0.44

0.20

0.20

0.30

0.16

520

111.

048

0.11

20.

320.

330.

204

0.58

0.20

0.20

0.30

0.16

9520

121.

028

0.11

20.

320.

330.

216

0.58

0.20

0.20

0.30

0.16

95

Ove

rlap

ping

Rat

es

Th

e pr

oper

ty ta

x ra

tes i

ndic

ated

for t

he in

corp

orat

ed to

wns

onl

y ap

ply

with

in to

wn

limits

and

are

in a

dditi

on to

the

coun

ty a

nd st

ate

taxe

s.

So

urce

s: C

arro

ll C

ount

y D

epar

tmen

t of t

he C

ompt

rolle

r.

Mar

ylan

d St

ate

Dep

artm

ent o

f Ass

essm

ents

and

Tax

atio

n.

155



Principal Taxpayers Current Fiscal Year and Nine Years Ago

156

Property is reassessed every three years. Source: Carroll County Department of the Comptroller.

Assessed Tax Amount % of TotalTaxpayer Type of Business Valuation Paid Assessed Value

Baltimore Gas & Electric Utilities 175,648,440$ 4,514,165$ 0.89%Verizon-Maryland Communications 43,569,290 1,119,731 0.22%Carroll Lutheran Village Retirement Village 91,987,360 1,061,771 0.46%Random House Warehouse Distribution 45,344,810 664,722 0.23%Colonial Pipeline Co. Pipeline trans.-refined petroleum 19,930,610 512,217 0.10%Cranberry Mall Properties Mall 22,900,090 511,511 0.12%Wal-Mart Real Estate Commercial Stores 29,335,630 479,820 0.15%Fairhaven Inc Assisted Living 35,232,867 403,550 0.18%Cranberry Retail Inc. Power Tools 21,808,980 372,878 0.11%Hampstead 2004 LLC Retail 32,843,100 372,266 0.17%

518,601,177$ 10,012,631$ 2.62%

Total Assessed Valuation 19,813,576,019$

Assessed Tax Amount % of TotalTaxpayer Type of Business Valuation Paid Assessed Value

Baltimore Gas & Electric Utilities 123,604,900$ 3,238,448$ 1.20%Verizon-Maryland Communications 71,542,040 1,874,401 0.69%Random House Inc. Warehouse Distribution Center 47,381,360 1,241,392 0.46%D&L Development Power Tools 27,983,240 733,161 0.27%Carroll Lutheran Village Retirement Village 24,886,560 652,028 0.24%Wal-Mart Store, Inc. Commercial Stores 24,425,522 639,949 0.24%AT&T Communications Communications 24,228,200 634,779 0.23%Cranberry Mall Properties LLC Mall 22,192,260 581,437 0.21%Londontown Corp Clothing/Outerwear 20,747,110 543,574 0.20%Potomac Edison Electric Utility 20,086,828 526,275 0.19%

407,078,020$ 10,665,444 3.94%

Total Assessed Valuation 10,340,867,012$

2012

2003

Table 9


Property Tax Levies and Collections

Last Ten Fiscal Years

157

Fiscal Percent ofYear Total Collected in Outstanding Deliquent

Ended Tax Levy for Percent Subsequent Percent Deliquent Taxes toJune 30, Fiscal Year Amount of Levy Years Amount of Levy Taxes Tax Levy

2003 116,374,225$ 114,676,102$ 98.54% 1,691,524$ 116,367,626$ 99.99% 6,599$ 0.01%2004 122,127,710 121,181,554 99.23% 930,719 122,112,273 99.99% 15,437 0.01%2005 133,912,351 132,713,125 99.10% 1,178,064 133,891,189 99.98% 21,162 0.02%2006 148,614,976 147,744,969 99.41% 837,637 148,582,606 99.98% 32,370 0.02%2007 170,124,838 169,106,817 99.40% 978,469 170,085,286 99.98% 39,552 0.02%2008 195,793,490 194,780,453 99.48% 926,543 195,706,996 99.96% 86,494 0.04%2009 222,146,165 221,514,565 99.72% 500,950 222,015,515 99.94% 130,650 0.06%2010 239,656,240 238,543,223 99.54% 948,289 239,491,512 99.93% 164,728 0.07%2011 227,219,284 226,056,851 99.49% 842,901 226,899,752 99.86% 319,532 0.14%2012 210,189,963 209,114,927 99.49% - 209,114,927 99.49% 1,075,037 0.51%

Collected withinFiscal Year of the Levy to Date

Total Collections


Tab

le 1

0 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

B

urea

u of

Util

ities

W

ater

and

Sew

er R

ates

L

ast T

en F

isca

l Yea

rs

Fisc

alQ

uart

erly

Qua

rter

lyYe

arBa

se R

ate

Tier

1*

Tier

2*

Tier

3*

Base

Rat

eTi

er 1

*Ti

er 2

*Ti

er 3

*

2003

$7.6

8$2

.14

$2.9

7$2

.30

11.5

2$

3.

17$

3.40

$

3.

31$

2004

8.45

2.43

3.02

3.39

12.1

83.

844.

755.

3220

056.

463.

073.

483.

749.

183.

994.

825.

3620

066.

692.

943.

593.

869.

364.

365.

335.

6320

077.

643.

294.

024.

4710

.06

5.14

6.38

7.18

2008

8.23

3.35

4.18

4.69

11.6

15.

706.

716.

6020

098.

903.

634.

545.

1112

.58

5.19

6.83

7.85

2010

8.41

4.02

4.67

5.07

11.9

55.

917.

067.

8220

116.

974.

625.

005.

289.

977.

278.

138.

7720

126.

974.

625.

005.

289.

977.

278.

138.

77

Wat

erSe

wer

Ti

ers a

re b

ased

on

the

follo

win

g us

ages

Ti

er 1

0-

10,0

00 g

als.

Tier

2

10,0

01-3

0,00

0 ga

ls.

Tier

3

30,0

01 g

als.

and

up

*Per

1,0

00 g

allo

ns

The

stan

dard

hou

seho

ld m

eter

size

is 5

/8”

and

the

aver

age

hous

ehol

d us

age

for f

isca

l yea

r 201

2 w

as 1

4,00

0 ga

ls. p

er q

uarte

r. So

urce

: C

arro

ll C

ount

y D

epar

tmen

t of t

he C

ompt

rolle

r.

158

Tab

le 1

1 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

R

atio

s of O

utst

andi

ng D

ebt b

y T

ype

Las

t Ten

Fis

cal Y

ears

Spec

ial

Gen

eral

Gen

eral

G

ener

alAs

sess

men

t Deb

tTo

tal

% o

f%

of M

arke

tFi

scal

Obl

igat

ion

Obl

igat

ion

Oth

erPu

rcha

seO

blig

atio

nw

ith G

over

nmen

tPr

imar

yPe

rson

alPr

oper

tyPe

rYe

arBo

nds(1

)De

btNo

tes

Agre

emen

tsBo

nds (

1)Co

mm

itmen

tG

over

nmen

tIn

com

e (3)

Valu

e (2)

Capi

ta (3

)

2003

179,

403,

473

$

92

6,93

0$

3,55

6,08

0$

2,

430,

100

$

15,3

55,2

99$

7,

244,

634

$

20

8,91

6,51

6$

2.

75%

2.02

%1,

279

$

2004

175,

577,

086

1,02

6,93

02,

243,

951

1,49

2,70

614

,992

,401

6,60

9,66

320

1,94

2,73

72.

85%

1.84

%1,

215

2005

199,

860,

394

3,20

6,86

483

4,16

750

9,48

816

,870

,281

5,94

3,58

422

7,22

4,77

82.

66%

1.89

%1,

348

2006

217,

812,

296

4,55

2,86

41,

749,

669

2,64

9,07

914

,860

,641

5,24

4,86

024

6,86

9,40

92.

52%

1.83

%1,

437

2007

218,

904,

371

7,13

6,86

44,

107,

759

2,72

5,44

313

,781

,251

4,51

1,88

025

1,16

7,56

82.

59%

1.63

%1,

450

2008

219,

672,

038

7,13

6,86

43,

473,

927

2,58

3,00

422

,345

,826

3,74

2,95

225

8,95

4,61

12.

68%

1.45

%1,

486

2009

271,

851,

752

9,35

1,99

01,

969,

903

2,43

2,32

328

,139

,243

2,93

6,29

731

6,68

1,50

82.

27%

1.55

%1,

811

2010

308,

741,

636

14,0

14,4

2093

7,96

52,

268,

571

27,8

78,6

042,

090,

052

355,

931,

248

2.02

%1.

61%

2,02

720

1130

7,15

5,88

827

,129

,920

200,

000

2,09

7,83

526

,190

,843

1,20

2,25

936

3,97

6,74

52.

08%

1.74

%2,

167

2012

300,

214,

844

27,1

29,9

19-

1,

919,

820

23,7

58,1

2927

1,86

535

3,29

4,57

7N/

A1.

78%

2,09

5

Gov

ernm

enta

l Act

iviti

esBu

sines

s-Typ

e Act

iviti

es

N

otes

: N

/A n

ot a

vaila

ble.

D

etai

ls re

gard

ing

the

Cou

nty’

s out

stan

ding

deb

t can

be

foun

d in

the

note

s to

the

finan

cial

sta

tem

ents

. (1

) B

ond

prem

ium

/dis

coun

ts a

nd o

ther

una

mor

tized

cha

rges

are

incl

uded

. (2

) See

Tab

le 6

, Ass

esse

d V

alua

tion

and

Estim

ated

Mar

ket V

alue

of T

axab

le P

rope

rty, f

or E

stim

ated

Mar

ket V

alue

s of T

axab

le P

rope

rty.

(3) S

ee T

able

15,

Dem

ogra

phic

Sta

tistic

s, fo

r per

sona

l inc

ome

and

popu

latio

n da

ta.

Sour

ce:

Car

roll

Cou

nty

Dep

artm

ent o

f the

Com

ptro

ller.

159

Table 12


Ratios of Bonded Debt Outstanding

Last Ten Fiscal Years

160

General Obligation Percent of Percent ofFiscal Bonds & Debt Actual Personal PerYear Outstanding Property Value (1) Income (2) Capita (2)

2003 195,685,702$ 1.89% 2.94% 1,198$ 2004 191,596,417 1.75% 3.00% 1,1522005 219,937,539 1.83% 2.75% 1,3052006 237,225,801 1.76% 2.62% 1,3812007 239,822,486 1.55% 2.72% 1,3842008 249,154,728 1.39% 2.79% 1,4302009 309,342,985 1.52% 2.32% 1,7692010 350,634,660 1.59% 2.05% 1,9972011 360,476,651 1.72% 2.05% 2,1462012 351,102,893 1.77% N/A 2,082

Notes: N/A not available.

Details regarding the County’s outstanding debt can be found in the notes to the financial statements. (1) See Table 6, Assessed Valuation and Estimated Market Value of Taxable Property, for Estimated Market Values of Taxable Property. (2) See Table 15, Demographic Statistics, for personal income and population data.


Table 13


Computation of Legal Debt Margin

June 30, 2012

161

Net assessed value- Real Property 19,148,080,099$

Debt limit - 6% of net total assessed value (1) 1,148,884,806$

Assessed Value-Personal Property 665,495,920

Debt limit- 15% of Net Assessed Value (1) 99,824,388

Total Debt Limit (6%/15%) 1,248,709,194

Amount of debt applicable to debt limit:Total Bonded Debt 348,257,263$

Less- Agricultural Preservation Program Self Supporting Debt 27,129,920Less- Fire Company Loans- Self Supporting Debt 9,645,666Less - Bureau of Utilities bonds 18,422,077Less - Septage bonds 121,886

Total amount of debt applicable to debt limit 292,937,714

Legal debt margin 955,771,480$

Note: (1) Recommended limit - Carroll County does not have a legal debt limit.Source: Carroll County Department of the Comptroller.

Ratio of DebtSubject to Limitation

Legal Legal Debt Legal To LegalFiscal Assessed Debt Borrowing Subject to Debt BorrowingYear Value Limitation Limitation Limitation Margin Limitation

2003 10,340,867,012$ 6.0% 620,452,021$ 179,403,473$ 441,048,548$ 28.91%2004 10,948,754,959 6.0% 656,925,298 186,294,353 470,630,945 28.36%2005 12,034,458,190 6.0% 722,067,491 213,655,613 508,411,878 29.59%2006 13,470,143,079 6.0% 852,874,621 226,319,103 626,555,518 26.54%2007 15,441,306,101 6%/15% 974,208,067 211,725,319 762,482,748 21.73%2008 17,902,568,898 6%/15% 1,124,225,213 214,237,099 909,988,114 19.06%2009 20,409,412,280 6%/15% 1,274,735,984 268,496,244 1,006,239,740 21.06%2010 22,066,168,625 6%/15% 1,373,814,980 303,156,906 1,070,658,074 22.07%2011 20,895,165,478 6%/15% 1,302,726,361 301,960,750 1,000,765,611 23.18%2012 19,813,576,019 6%/15% 1,248,709,194 292,937,714 955,771,480 23.46%

Schedule of Legal Debt Margin2003-2012



Computation of Direct And Overlapping Debt June 30, 2012

162

Percent ofReal Assessed Pro rata Share Total

Property Valuation to of Direct Direct and Assessed Overlapping Debt to Overlapping Overlapping

Jurisdiction Valuation (1) Jurisdictions Jurisdicitons(2) Debt Debt

Hampstead 550,005,859$ 2.87% 8,407,312$ 1,818,194$ 10,225,506$ Manchester 440,582,855 2.30% 6,737,567 240,142 6,977,709Mt. Airy 813,745,814 4.25% 12,449,853 3,086,255 15,536,108New Windsor 135,842,218 0.71% 2,079,858 - 2,079,858Sykesville 365,148,624 1.91% 5,595,110 1,185,617 6,780,727Taneytown 620,842,196 3.24% 9,491,182 16,719,935 26,211,117Union Bridge 79,774,250 0.42% 1,230,338 1,498,055 2,728,393Westminster 1,839,844,568 9.61% 28,151,314 18,182,966 46,334,280Unincorporated areas 14,302,293,715 74.69% 218,795,181 - 218,795,181County-wide Totals 19,148,080,099$ 100.00% 292,937,715$ 42,731,164$ 335,668,879$

Note: (1) Assessed valuations of real property for each town are from the TASS 153 County report.

(2) See Table 13, Computation of Legal Debt Margin.

Source: Carroll County Department of the Comptroller. Incorporated Municipalities.



Demographic Statistics Last Ten Fiscal Years

163

PersonalIncome Per Capita School Unemployment

Fiscal Population ($ in thous.) Personal Income Enrollment RateYear (1) (2) (2) (3) (4)

2003 163,400 5,434,074$ 35,259$ 28,630 3.16%2004 166,234 5,754,673 36,318 29,044 3.20%2005 168,521 6,046,616 36,318 28,774 3.50%2006 171,742 6,209,401 36,874 28,219 3.00%2007 173,208 6,516,268 38,694 28,575 3.70%2008 174,249 6,944,986 41,147 28,261 3.80%2009 174,909 7,176,136 42,264 27,745 6.60%2010 167,134 7,192,191 44,247 27,524 6.50%2011 167,929 7,400,133 N/A 27,201 6.80%2012 168,570 N/A N/A 26,937 6.60%

Source: (1) Carroll County Department of Land Use, Planning and Development, June 2012. FY 2010 reflects the 2010 Census data. Fiscal years prior to FY 2010 are estimates. (2) Maryland Department of Planning, Planning Data Services, from U.S. Bureau of Economic Analysis, April 2012. (3) Carroll County Board of Education Approved Operating Budget Fiscal Year 2011-2012. (4) Maryland Department of Labor, Licensing and Regulation, Office of Labor Market Analysis and Information. .



Major Employers Current Fiscal Year and Nine Years Ago

164

PercentageTotal of Total County

Firm Product/Service Employment * EmploymentBoard of Education of Carroll County ** Elementary and secondary school systems 3,757 6.95%Carroll Hospital Center General hospital 1,696 3.14%Springfield Hospital Center Mental health services 833 1.54%Random House Book Warehousing & Distribution 800 1.48%Fairhaven (Episcopal Ministries) Life care retirement community 700 1.30%McDaniel College Higher education 641 1.19%Jos. A. Bank Clothiers Corporate HQ/ Distribution 612 1.13%Carroll County Government*** Local government 593 1.10%Carroll Communinty College Higher education 509 0.94%Carroll Lutheran Village Retirement/Assisted Living 437 0.81%

Total 10,578 19.58%

Annual Average Employment in Carroll County**** 54,037

PercentageTotal of Total County

Firm Product/Service Employment EmploymentBoard of Education of Carroll County ** Elementary and secondary school systems 3,062 6.08%Carroll County General Hospital General hospital 1,344 2.67%Random House, Inc. Book warehouseing and distribution 1,080 2.15%Carroll County Government *** Local government central office 850 1.69%Springfield Hospital center Mental health services 790 1.57%McDaniel College Higher Education 576 1.14%Fairhaven (Episcopal Ministries) Life care retirement community 550 1.09%English American Tailoring Men & women's made-to-measure clothing 450 0.89%Northrop Grumman Electronic testing 435 0.86%Charles J. Miller, Inc. Asphalt excavation & paving contractor 314 0.62%

Total 9,451 18.78%

Annual Average Employment in Carroll County 50,330

2012

2003

Notes: * As of September 2010.

** Does not include hourly employees such as substitutes, aides, etc. *** Central offices only. Excludes Sheriff’s Department, Courts, etc. **** As of June 2011.

Source: Carroll County Department of Economic Development. The County’s Annual Average Employment is from the Maryland Department of Labor, Licensing and Regulation Annual Employment and Payroll Reports.

Carroll County Department of the Comptroller. Carroll County Department of Land Use, Planning and Development

Table 17


Full-Time County Employees by Function/Program Last Ten Fiscal Years

165

* Denotes departments affected by reorganizations. Source: Department of the Comptroller

Function/program 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003General Government

County CommissionersLegislative 5 9 9 8 9 11 10 12 8 11

* Licenses/Zoning Appeals Board - - - - - - 4 5 5 4 Public Information - - 2 2 2 2 3 2 - -

* Farm Museum - - 7 9 10 10 10 9 9 9 * Airport Management - - 2 2 3 2 2 2 1 1

Judicial 68 69 73 75 73 72 65 56 56 60County Attorney 10 10 10 10 10 10 10 10 10 10Comptroller 34 34 35 36 37 37 36 35 37 36Administrative Services

Administrative Serives- Admin - 1 - - - - - - - - Human Resources and Personnel Svcs 12 13 13 16 17 17 17 18 18 18Management Analysis - 1 1 2 2 2 3 3 3 3TV Production 2 2 2 1 1 1 - - - - Production & Distribution Svcs 3 3 3 3 3 3 3 3 3 3 Dept of Technology Services 25 25 25 25 27 25 24 25 25 25

Management and Budget 15 14 16 18 16 18 17 16 17 16Land Use, Planning and Development 46 43 43 43 45 42 45 44 44 43

* General Services - - 103 118 127 122 114 112 112 112Citizen Services 48 48 45 54 56 51 51 44 45 47

* Recreation and Parks 31 31 22 27 27 27 27 16 16 15Public Safety

Sheriff Services 230 211 204 209 197 196 186 171 166 158Emergency Services 37 30 31 32 36 35 34 31 30 28

Public Works* Supervision & Administration 3 2 2 4 4 4 6 5 - 6* Building Construction 2 2 - - - - - - - - * Facilities 47 48 - - - - - - - - * Fleet 23 24 - - - - - - - - * Permits 22 22 - - - - - - - - * Airport 1 1 - - - - - - - -

Roads 100 99 97 105 112 108 103 107 116 111* Engineering 18 19 20 22 23 21 22 22 23 22* Bureau of Utilities-Operations 33 33 32 33 34 30 29 28 28 27 * Solid Waste-Operations 20 20 19 20 20 20 21 20 20 17

Social Services 17 17 16 16 15 15 15 14 14 13Education 1 1 1 1 1 1 1 11 12 9Conservation of Natural Resources

Soil Conservation Service 6 6 5 5 6 6 6 6 6 6Economic Development

Economic Development 6 6 6 7 7 7 7 7 7 7BERC 9 9 10 8 8 10 10 10 10 10Tourism 1 1 1 2 2 2 2 2 2 2

Total Full Time Employee Totals 875 854 855 913 930 907 883 846 843 829Part Time Employees 5 5 8 12 14 15 17 24 27 26

Total Employees 880 859 863 925 944 922 900 870 870 855

Tab

le 1

8 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

Ope

ratin

g In

dica

tors

by

Func

tion/

Prog

ram

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Gen

eral

Info

rmat

ion

Popu

latio

n16

8,57

016

7,92

916

7,13

417

4,90

917

4,24

917

3,20

817

1,74

216

8,52

116

6,23

416

3,40

0R

egis

tere

d V

oter

s11

2,93

111

2,68

811

0,33

610

9,42

810

6,82

810

6,85

310

4,31

810

2,50

595

,056

90,7

56G

ener

al G

over

nmen

tB

uild

ing

Perm

its Is

sued

for R

esid

entia

l24

618

720

115

925

533

566

164

073

11,

177

Est

imat

ed V

alue

($ in

thou

sand

s) R

esid

entia

l40

,741

$

31

,803

$

32

,699

$

26

,308

$

44

,316

$

57

,126

$

11

8,03

7$

11

5,25

2$

13

1,53

8$

189,

913

$

B

uild

ing

Perm

its Is

sued

for o

ther

pur

pose

s1,

826

1,82

81,

745

1,90

82,

534

2,72

73,

244

3,17

33,

615

3,02

1E

stim

ated

Val

ue ($

in th

ousa

nds)

Oth

er71

,994

$

66

,314

$

52

,397

$

10

8,86

1$

17

7,72

9$

10

2,78

1$

13

8,17

1$

12

6,44

8$

12

4,70

3$

102,

082

$

Fi

re a

nd E

mer

genc

y Se

rvic

ePa

id F

irem

en12

012

011

511

511

292

8592

4242

Act

ive

Vol

unte

ers

(est

imat

ed)

714

714

704

663

675

675

750

800

800

1,10

0D

ispa

tche

d In

cide

nce

18,4

8818

,216

18,0

8117

,848

17,5

8416

,357

15,9

6915

,104

15,4

7014

,507

911

Cal

ls R

ecei

ved

60,0

3760

,752

59,5

6561

,140

59,1

8657

,761

55,9

2355

,375

55,8

2957

,381

Polic

e Pr

otec

tion

Res

iden

t Tro

oper

s30

4646

4646

4645

4546

46Sh

erif

f's D

epar

tmen

t87

6464

6466

6464

5654

46C

itatio

ns/W

arni

ngs

16,9

4016

,551

15,8

4517

,805

14,8

0216

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16,2

8013

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8,45

27,

506

911

Cal

ls fo

r Ser

vice

18,2

9318

,293

18,2

9317

,721

12,7

796,

083

6,15

88,

109

5,66

53,

712

Det

entio

n C

ente

rD

eten

tion

Cen

ter O

ffic

ers

9292

9295

9393

9090

8886

Tot

al P

riso

ner D

ays

84,7

3993

,252

92,1

4410

0,43

098

,155

107,

711

104,

874

103,

285

105,

415

110,

047

Wat

er Dai

ly A

vera

ge U

sage

(mgd

)2.

282.

072.

052.

082.

182.

162.

342.

172.

402.

19Pl

ants

Dai

ly C

apac

ity (m

gd)

7.39

7.39

7.39

7.39

3.39

3.39

3.39

3.39

3.39

N/A

Was

tew

ater

Dai

ly A

vera

ge U

sage

(mgd

)2.

862.

832.

712.

592.

952.

892.

743.

343.

12N

/APl

ants

Dai

ly C

apac

ity (m

gd)

4.45

4.45

4.45

4.45

4.45

4.45

4.45

4.45

4.45

N/A

Solid

Was

teT

ons

In10

1,61

610

5,68

385

,942

81,4

4710

0,19

510

8,60

811

6,26

711

0,17

811

8,72

610

7,70

7T

ons

Rec

ycle

d30

,587

30,1

5420

,155

20,3

2220

,652

21,0

8021

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21,6

2513

,023

12,8

11T

ons

into

Lan

dfill

12,8

0913

,588

11,5

7612

,370

14,0

518,

969

13,4

6615

,276

16,4

4516

,127

Ton

s T

rans

ferr

ed87

,153

91,3

0674

,364

69,0

7886

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100,

028

105,

660

97,0

0910

4,15

691

,580

Edu

catio

nN

umbe

r of T

each

ers

2,16

32,

198

2,20

92,

251

2,20

92,

375

2,11

62,

021

1,96

31,

957

Num

ber o

f Stu

dent

s26

,937

27,2

0127

,524

27,7

4528

,261

28,5

7528

,219

28,7

7429

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28,6

30C

omm

unity

Col

lege

Full

Tim

e E

quiv

alen

t Stu

dent

s (F

TE

's)3,

173

3,34

73,

138

2,92

02,

867

2,51

72,

519

2,49

32,

430

2,26

6Fa

culty

-Ful

l Tim

e79

7773

7563

6365

5255

50Fa

culty

-Par

t Tim

e29

658

052

754

514

341

724

934

928

827

7A

irpo

rt Fuel

Sal

es (g

als)

279,

664

304,

837

255,

099

280,

319

471,

700

503,

574

574,

155

618,

180

408,

866

208,

790

Tie

Dow

ns O

ccup

ied

1525

2525

2525

2525

2525

Cor

pora

te H

anga

rs O

ccup

ied

77

66

67

77

64

T H

anga

rs O

ccup

ied

8282

8282

8282

8282

8282

Lib

rari

esN

umbe

r of v

olum

es (e

stim

ated

)54

8,74

957

0,74

255

2,89

255

1,37

651

7,23

951

1,02

655

3,82

458

4,16

755

2,78

656

7,63

1C

ircu

latio

n4,

402,

122

4,29

5,26

44,

214,

073

3,88

5,58

43,

606,

169

3,42

1,82

83,

579,

244

3,50

6,22

93,

583,

119

3,46

5,52

6Se

nior

Cen

ters

Out

side

Gro

ups

usin

g fa

cilit

ies

2,00

7

3,

213

2,51

6

2,

922

3,15

6

3,

133

2,97

63,

009

2,82

22,

025

Vol

unte

er H

ours

per

form

ed a

t Cen

ters

49,5

18

44,6

89

41,4

93

39,3

11

39,3

52

42,9

5743

,051

39,1

3636

,331

36,2

07M

eals

Ser

ved

30,4

46

33,2

97

29,1

71

26,0

20

25,1

88

27,2

4229

,145

30,4

7031

,346

31,3

83Se

nior

s A

ttend

ing

Act

iviti

es27

1,71

6

24

1,74

9

24

3,22

6

15

9,51

8

12

9,63

5

17

3,70

716

0,41

615

7,62

314

9,89

211

7,99

3

N/A

:

Info

rmat

ion

is n

ot a

vaila

ble

for t

he y

ears

indi

cate

d.

166

Tab

le 1

9 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

Cap

ital A

sset

Sta

tistic

s by

Func

tion/

Prog

ram

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Gen

eral

Inf

orm

atio

nA

rea

in S

quar

e M

iles

455.

5245

5.52

455.

5245

5.52

455.

5245

5.52

455.

5245

5.52

455.

5245

5.52

Mil

es o

f R

oads

Pav

ed89

989

689

689

389

188

888

688

088

087

4M

iles

of

Roa

ds U

npav

ed80

8383

8486

8789

9292

92N

umbe

r of

Bri

dges

145

139

147

147

147

147

147

146

146

146

Acr

es in

Agr

icul

tura

l Lan

d

P

rese

rvat

ion

62,0

7860

,002

57,6

2754

,858

50,7

1146

,998

46,7

3741

,927

41,9

2739

,766

Fir

e an

d E

mer

genc

y S

ervi

ceS

tati

ons

1414

1414

1414

1414

1414

Wat

er Wat

er M

ains

(m

iles

)13

913

913

913

513

513

413

413

313

213

0T

reat

men

t Pla

nts

44

44

44

44

44

Wat

er T

anks

66

66

66

66

66

Num

ber

of C

usto

mer

Acc

ount

s8,

382

8,32

38,

268

8,25

68,

247

8,23

08,

163

8,11

78,

036

7,89

8W

aste

wat

erS

ewer

Mai

ns (

mil

es)

125

125

125

125

122

121

121

120

119

119

Tre

atm

ent P

lant

s4

44

44

44

44

4P

umpi

ng S

tati

ons

1818

1818

1818

1818

1817

Num

ber

of C

usto

mer

Acc

ount

s8,

953

8,89

18,

844

8,81

68,

793

8,76

68,

745

8,70

28,

620

8,33

6S

olid

Was

teA

ctiv

e L

andf

ills

11

11

11

11

11

Rec

reat

ion

and

Cul

ture

Par

ks (

1)32

3129

2827

2727

2619

19A

crea

ge4,

773

4,62

94,

652

4,47

84,

478

4,47

84,

478

4,47

54,

311

4,31

1E

duca

tion

Ele

men

tary

2323

2323

2322

2222

2121

Mid

dle

99

99

99

99

99

Hig

h8

88

87

77

77

7V

ocat

iona

l tec

hnic

al2

22

22

22

22

2S

peci

al/A

lter

nati

ve E

duca

tion

22

22

22

22

22

Col

lege

11

11

11

11

11

Air

port Run

way

(fe

et)

5,10

05,

100

5,10

05,

100

5,10

05,

100

5,10

05,

100

5,10

05,

100

T H

anga

rs A

vail

able

8282

8282

8282

8282

8282

Cor

pora

te H

anga

rs A

vail

able

77

77

77

77

77

Tie

Dow

ns A

vail

able

5252

5252

5252

5252

3232

Apr

on A

rea

(acr

es)

14.6

14.6

14.6

14.6

14.6

14.6

14.6

14.6

12.6

12.6

Fir

earm

s F

acil

ity

11

11

11

11

11

Lib

rari

es6

66

65

55

55

5S

enio

r C

ente

rs5

55

55

55

55

5

Not

e: (

1) In

clud

es tw

o pr

opos

ed re

serv

oirs

. So

urce

: C

arro

ll C

ount

y G

over

nmen

t.

167

Tab

le 2

0 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

B

urea

u of

Util

ities

- R

even

ue a

nd E

xpen

ses

L

ast T

en F

isca

l Yea

rs

20

1220

1120

1020

0920

0820

0720

0620

0520

0420

03

Rev

enue

Usa

ge c

harg

es8,

312,

844

$

8,

446,

852

$

7,

620,

404

$

7,

328,

198

$

7,

305,

990

$

7,

119,

000

$

6,

076,

750

$

5,

573,

113

$

5,

465,

151

$

4,

323,

926

$

Serv

ice

char

ges

798

11,8

384,

680

421

54,9

9164

,593

56,6

6619

,790

26,7

4516

,959

Pena

lties

and

inte

rest

179,

147

382,

493

209,

239

442,

379

1,81

5,89

11,

526,

835

1,05

0,68

21,

257,

886

697,

697

1,02

3,82

2O

pera

ting

trans

fer -

Cou

nty

199,

511

(305

,031

)20

0,20

020

6,98

062

9,85

021

2,00

013

8,31

0(6

0,68

0)12

2,40

51,

439,

075

Cap

ital c

ontri

butio

ns

(1

)33

5,17

452

3,77

642

6,56

375

,395

855,

655

291,

282

389,

700

5,74

4,16

81,

038,

337

743,

641

Mai

nten

ance

fee

1,44

3,77

41,

438,

797

1,43

2,61

01,

428,

013

1,42

7,78

21,

421,

568

850,

713

836,

795

447,

729

621,

151

Oth

er17

6,53

017

2,04

021

7,95

719

0,94

030

7,02

216

0,87

714

8,24

315

2,21

421

8,52

315

9,13

3To

tal r

even

ue10

,647

,778

10,6

70,7

6510

,111

,653

9,67

2,32

612

,397

,181

10,7

96,1

558,

711,

064

13,5

23,2

868,

016,

587

8,32

7,70

7

Expe

nses

Sala

ries

2,35

8,99

42,

341,

948

2,39

4,03

32,

499,

181

2,24

1,16

22,

027,

979

1,99

6,37

21,

828,

934

1,75

9,62

51,

660,

311

Ope

ratin

g ex

pens

es5,

605,

458

6,28

0,38

95,

129,

427

3,15

7,88

35,

652,

991

3,86

1,16

03,

506,

230

6,72

2,88

22,

583,

989

2,73

2,12

6D

epre

ciat

ion

2,26

6,86

32,

275,

618

1,91

4,76

81,

579,

651

1,53

4,08

81,

515,

493

1,51

0,27

61,

340,

581

1,19

7,16

11,

223,

787

Inte

rest

859,

153

992,

506

1,05

1,41

793

2,54

262

8,30

540

6,98

049

8,11

059

4,23

464

4,07

170

6,45

1To

tal e

xpen

se11

,090

,468

11,8

90,4

6110

,489

,645

8,16

9,25

710

,056

,546

7,81

1,61

27,

510,

988

10,4

86,6

316,

184,

846

6,32

2,67

5

Exce

ss (d

efic

ienc

y) o

fre

venu

e ov

er (u

nder

) exp

ense

:(4

42,6

90)

$

(1,2

19,6

96)

$

(3

77,9

92)

$

1,50

3,06

9$

2,34

0,63

5$

2,98

4,54

3$

1,20

0,07

6$

3,03

6,65

5$

1,83

1,74

1$

2,00

5,03

2$

N

ote:

(1

) Ado

ptio

n of

GA

SB 3

3 re

quire

s all

capi

tal c

ontri

butio

ns b

e

treat

ed a

s rev

enue

and

pre

sent

ed se

para

tely

with

in th

e fin

anci

al st

atem

ents

. So

urce

: C

arro

ll C

ount

y D

epar

tmen

t of t

he C

ompt

rolle

r.

168

Tab

le 2

1 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

So

lid W

aste

Fun

d - R

even

ue a

nd E

xpen

ses

Las

t Ten

Fis

cal Y

ears

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Rev

enue

Cha

rge

for s

ervi

ces

6,64

7,62

2$

6,71

3,04

2$

5,43

5,00

7$

6,13

3,59

6$

6,26

9,36

5$

6,35

3,18

3$

6,25

3,93

5$

5,81

0,00

0$

5,97

5,63

1$

5,23

4,04

7$

Pena

lties

and

inte

rest

15,6

2414

,773

211,

945

302,

752

447,

743

631,

268

441,

286

375,

385

63,9

0073

,582

Proc

eeds

from

sale

s of

re

cycl

able

s59

6,32

259

1,88

046

1,81

839

1,87

234

0,42

422

7,02

520

2,32

526

8,34

015

4,88

681

,407

Cap

ital c

ontri

butio

ns-e

quip

.

t

rans

ferre

d fro

m C

ount

y-

-

15

,888

-

-

-

-

-

-

-

G

ain

on sa

le o

f fix

ed a

sset

s3,

677

-

35,3

95-

-

-

-

-

-

-

Oth

er18

6,95

5

18

6,39

9

10

,519

8,77

517

,107

29,4

715,

268

49,2

5659

,215

195,

877

Ope

ratin

g tra

nsfe

r - C

ount

y2,

545,

000

2,54

5,00

02,

545,

000

2,54

5,00

02,

645,

000

2,64

5,00

02,

645,

000

2,64

5,00

02,

645,

000

2,64

5,00

0T

otal

rev

enue

9,99

5,20

010

,051

,094

8,71

5,57

29,

381,

995

9,71

9,63

99,

885,

947

9,54

7,81

49,

147,

981

8,89

8,63

28,

229,

913

Exp

ense

Sala

ries

1,52

2,88

31,

604,

911

1,63

3,79

81,

633,

309

1,38

7,45

71,

335,

170

1,22

0,24

51,

138,

650

1,06

2,78

91,

030,

337

Ope

ratin

g ex

pens

es6,

459,

000

6,45

3,16

06,

652,

203

5,36

3,68

95,

817,

255

6,16

2,31

65,

798,

265

5,35

4,16

25,

420,

652

5,05

5,37

9D

epre

ciat

ion

621,

723

615,

658

472,

313

266,

818

203,

133

174,

008

154,

380

107,

960

90,9

5290

,217

Inte

rest

124,

285

156,

480

202,

701

224,

027

241,

073

263,

743

308,

018

347,

036

253,

197

383,

626

Tot

al e

xpen

se8,

727,

891

8,83

0,20

98,

961,

015

7,48

7,84

37,

648,

918

7,93

5,23

77,

480,

908

6,94

7,80

86,

827,

590

6,55

9,55

9

Exc

ess (

defic

ienc

y) o

fre

venu

e ov

er e

xpen

se1,

267,

309

$

1,

220,

885

$

(2

45,4

43)

$

1,

894,

152

$

2,

070,

721

$

1,

950,

710

$

2,

066,

906

$

2,

200,

173

$

2,

071,

042

$

1,

670,

354

$

Tipp

ing

Fee

per t

on *

62.0

0$

60.0

0$

58.0

0$

76.0

0$

61.0

0$

58.0

0$

54.0

0$

54.0

0$

51.0

0$

51.0

0$

So

urce

: C

arro

ll C

ount

y D

epar

tmen

t of t

he C

ompt

rolle

r.

169

Tab

le 2

2 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

A

irpo

rt F

und

- Rev

enue

and

Exp

ense

s

Las

t Ten

Fis

cal Y

ears

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Rev

enue

Ren

t58

8,93

2$

61

1,16

7$

46

2,98

1$

47

0,01

1$

49

5,27

8$

45

0,74

9$

51

7,73

2$

47

2,53

9$

35

3,76

3$

15

6,53

3$

Fuel

sale

s61

,685

64,0

1653

,570

197,

646

1,71

5,51

01,

378,

850

1,52

3,72

61,

268,

475

662,

347

354,

796

Cap

ital c

ontri

butio

ns

(1

)23

3,64

611

1,22

048

,969

460,

454

91,5

9836

6,57

234

8,85

81,

288,

611

511,

521

315,

834

Cap

ital c

ontri

butio

ns-C

ount

y-

-

-

-

-

5,60

3,37

2-

-

-

-

Land

sale

-

-

-

-

-

1,

064,

797

-

-

-

25

,000

Ope

ratin

g tra

nsfe

r-Cou

nty

-

-

-

40

,000

40,0

0040

,000

83,0

2044

,053

58,1

7614

2,40

5O

ther

4369

12,

030

3,60

111

,222

10,8

50-

3,79

6-

-

Tota

l rev

enue

884,

306

787,

094

567,

550

1,17

1,71

22,

353,

608

8,91

5,19

02,

473,

336

3,07

7,47

41,

585,

807

994,

568

Expe

nses

Sala

ries

188,

612

212,

539

247,

203

256,

173

236,

788

184,

513

182,

310

159,

740

96,7

2582

,472

Ope

ratin

g ex

pens

es1,

312,

582

124,

103

308,

329

267,

209

2,35

9,95

81,

612,

527

1,56

2,77

41,

431,

899

832,

208

333,

430

Ope

ratin

g ex

pens

es-c

apita

l (2)

-

15

,892

-

-

25

5,40

036

,061

227,

795

137,

850

-

36

7,33

0In

tere

st84

,437

93,9

6010

4,35

011

3,32

712

2,04

413

0,09

213

8,74

114

4,32

313

2,13

713

3,17

9D

epre

ciat

ion

183,

140

171,

551

169,

729

140,

983

123,

428

123,

428

123,

428

118,

050

23,7

9224

,029

Ope

ratin

g tra

nsfe

r-Cou

nty

-

-

-

-

-

41

,446

-

-

-

-

To

tal e

xpen

se1,

768,

771

618,

045

829,

611

777,

692

3,09

7,61

82,

128,

067

2,23

5,04

81,

991,

862

1,08

4,86

294

0,44

0

Exce

ss (d

efic

ienc

y) o

f

rev

enue

ove

r ex

pens

e:(8

84,4

65)

$

16

9,04

9$

(2

62,0

61)

$

39

4,02

0$

(7

44,0

10)

$

6,

787,

123

$

23

8,28

8$

1,

085,

612

$

50

0,94

5$

54

,128

$

(1)

Cap

ital c

ontri

butio

ns in

clud

e re

imbu

rsem

ents

from

the

Fede

ral A

viat

ion

Adm

inis

tratio

n

a

nd th

e M

aryl

and

Avi

atio

n A

dmin

istra

tion.

(2)

Ope

ratin

g ex

pens

e re

imbu

rsed

by

the

Fede

ral A

viat

ion

Adm

inst

ratio

n an

d th

e M

aryl

and

Avi

atio

n A

dmin

stra

tion.

N

ote:

(1

) Ado

ptio

n of

GA

SB 3

3 re

quire

s all

capi

tal c

ontri

butio

ns b

e tre

ated

as r

even

ue a

nd p

rese

nted

sepa

rate

ly w

ithin

the

finan

cial

stat

emen

ts.

Sour

ce:

Car

roll

Cou

nty

Dep

artm

ent o

f the

Com

ptro

ller.

cmccoy

Typewritten Text

170

Tab

le 2

3 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

Ret

ired

Mem

bers

of t

he C

arro

ll C

ount

y Pe

nsio

n Pl

an b

y T

ype

of B

enef

it A

s of J

une

30, 2

012

Am

ount

of

# of

Ret

ired

M

onth

ly B

enef

itM

embe

rs1

23

4U

nmod

AB

CD

ED

efer

red

168

$ 1

- $2

5045

414

166

1110

2 2

51 -

500

5951

62

206

718

17

501

- 75

022

175

34

75

12

751

- 1

000

86

22

21

12

Ove

r 1

,000

11

1

Typ

e of

Ret

irem

ent

Opt

ion

Sele

cted

1 -

Nor

mal

Ret

irem

ent f

or a

ge a

nd/o

r se

rvic

eU

nmod

ifie

d L

ife

Ann

uity

, mem

ber

only

2 -

Ear

ly R

etir

emen

tA

- B

enef

icia

ry r

ecei

ves

lum

p su

m o

f un

used

con

trib

utio

ns3

- B

enef

icia

ry P

aym

ent,

norm

al o

r ea

rly

retir

emen

tB

- L

ife

Ann

uity

of

mem

ber,

with

ten

year

s ce

rtai

n an

d co

ntin

uous

4 -

Ben

efic

iary

Pay

men

t, de

ath

in s

ervi

ce

C -

Ben

efic

iary

rec

eive

s 10

0 pe

rcen

t of

mem

ber's

red

uced

mon

thly

ben

efit

D -

Ben

efic

iary

rec

eive

s 75

per

cent

of

mem

ber's

red

uced

mon

thly

ben

efit

E -

Ben

efic

iary

rec

eive

s 50

per

cent

of

mem

ber's

red

cued

mon

thly

ben

efit

Typ

e of

Ret

irem

ent

Opt

ion

Sele

cted

So

urce

: D

epar

tmen

t of H

uman

Res

ourc

es.

171

Table 24


Carroll County Employee Pension Plan

Average Benefit Payments Last Nine Fiscal Years

172

Retirement Effective Date 0 - 5 5 - 10 10 - 15 15 - 20 20 - 25 25 - 30

Period 7/1/03 to 6/30/04Average Monthly Benefit -$ -$ 215$ 228$ -$ -$ Average Final Monthly Salary -$ -$ 2,576$ 2,093$ -$ -$ Number of Retired Members - - 3 1 - -

Period 7/1/04 to 6/30/05Average Monthly Benefit 51$ 99$ 182$ 312$ -$ -$ Average Final Monthly Salary 2,102$ 2,090$ 2,238$ 2,809$ -$ -$ Number of Retired Members 1 3 5 2 - -

Period 7/1/05 to 6/30/06Average Monthly Benefit 51$ 333$ 1,685$ 2,199$ 1,225$ -$ Average Final Monthly Salary 2,102$ 1,872$ 2,373$ 3,151$ 2,839$ -$ Number of Retired Members 1 4 9 9 6 -




Period 7/1/09 to 6/30/10Average Monthly Benefit 206$ 1,276$ 4,144$ 11,327$ 10,647$ 609$ Average Final Monthly Salary 1,879$ 3,030$ 2,706$ 3,631$ 3,574$ 3,544$ Number of Retired Members 5 11 19 30 30 1



Years of Credited Service

Carroll County Employee Pension Plan was established during fiscal year 2004. Source: Department of Human Resources.

Tab

le 2

5 T

HE

CO

UN

TY

CO

MM

ISSI

ON

ER

S O

F C

AR

RO

LL

CO

UN

TY

W

estm

inst

er, M

aryl

and

Ret

ired

Mem

bers

of t

he C

arro

ll C

ount

y C

ertif

ied

Law

Off

icer

s Pen

sion

Pla

n by

Typ

e of

Ben

efit

As o

f Jun

e 30

, 201

2

Am

ount

of

# of

Ret

ired

M

onth

ly B

enef

itM

embe

rs1

23

4U

nmod

AB

CD

ED

efer

red

1$

1 -

$250

0 2

51 -

500

0 5

01-

750

11

1 7

51 -

100

00

Ove

r 1

,000

11

1

Typ

e of

Ret

irem

ent

Opt

ion

Sele

cted

1 -

Nor

mal

Ret

irem

ent f

or a

ge a

nd/o

r se

rvic

eU

nmod

ifie

d L

ife

Ann

uity

, mem

ber

only

2 -

Ear

ly R

etir

emen

tA

- B

enef

icia

ry r

ecei

ves

lum

p su

m o

f un

used

con

trib

utio

ns3

- B

enef

icia

ry P

aym

ent,

norm

al o

r ea

rly

retir

emen

tB

- L

ife

Ann

uity

of

mem

ber,

with

ten

year

s ce

rtai

n an

d co

ntin

uous

4 -

Ben

efic

iary

Pay

men

t, de

ath

in s

ervi

ce

C -

Ben

efic

iary

rec

eive

s 10

0 pe

rcen

t of

mem

ber's

red

uced

mon

thly

ben

efit

D -

Ben

efic

iary

rec

eive

s 75

per

cent

of

mem

ber's

red

uced

mon

thly

ben

efit

E -

Ben

efic

iary

rec

eive

s 50

per

cent

of

mem

ber's

red

cued

mon

thly

ben

efit

Typ

e of

Ret

irem

ent

Opt

ion

Sele

cted

So

urce

: D

epar

tmen

t of H

uman

Res

ourc

es.

173

Table 26


Carroll County Certified Law Officer’s Pension

Average Benefit Payments As of June 30, 2012

174

Retirement Effective Date 0 - 5 5 - 10 10 - 15 15 - 20 20 - 25 25 - 30

Period 7/1/09 to 6/30/10Average Monthly Benefit -$ -$ 354$ -$ -$ 911$ Average Final Monthly Salary -$ -$ 5,059$ -$ -$ 4,488$ Number of Retired Members - - 1 - - 1

Period 7/1/10 to 6/30/11Average Monthly Benefit -$ -$ 709$ -$ -$ 1,366$ Average Final Monthly Salary -$ -$ 5,059$ -$ -$ 4,488$ Number of Retired Members - - 1 - - 1

Period 7/1/11 to 6/30/12Average Monthly Benefit -$ -$ 723$ -$ -$ 1,393$ Average Final Monthly Salary -$ -$ 5,059$ -$ -$ 4,488$ Number of Retired Members - - 1 - - 1

Years of Credited Service

Carroll County Certified Law Officer’s Pension was established during fiscal year 2010. Source: Department of Human Resources.

Documents

THE COUNTY COMMISSIONERS OF CARROLL COUNTY Westminster ... · Table 1 THE COUNTY COMMISSIONERS OF CARROLL COUNTY Westminster, Maryland Net Assets by Component Last Ten Fiscal Years