Ch. 400

LAWS OF MARYLAND

estimates and less [any surplus carried over,] ANY ACTUAL OR
ESTIMATED UNDESIGNATED GENERAL FUND BALANCE AVAILABLE FOR
APPROPRIATION, as otherwise provided in this Code.

(2) TO PROTECT THE FINANCIAL INTEGRITY OF COUNTY
GOVERNMENT AND TO PROVIDE SUFFICIENT LIQUIDITY REQUIRED FOR DAILY
OPERATIONS, THE COUNTY COMMISSIONERS SHALL MAINTAIN AN
UNAPPROPRIATED UNDESIGNATED GENERAL FUND BALANCE. THE AMOUNT
SHALL BE 5 PERCENT OF THE GENERAL FUND EXPENDITURES FOR THE MOST
RESENT PRIOR FISCAL YEAR. ANY AMOUNT THAT EXCEEDS 5 PERCENT OF
THE GENERAL FUND EXPENDITURES FOR THE MOST RECENT PRIOR FISCAL
YEAR SHALL BE INCLUDED AS FUNDS AVAILABLE FOR APPROPRIATION IN
THE CURRENT FISCAL YEAR.

2-7-4.

(a) [The] IT IS EXPECTED THAT THE contingency fund of [two
hundred fifty thousand dollars ($250,000.00)] $250,000, or so
much [thereof] OF IT as may be levied will[, it is expected,]
seldom be needed or used, but is provided as a safeguard or
protection in event a contingency should arise. It shall be
dedicated and appropriated to meet any unexpected demand which
arises after the tax levy has been made, the occurrence of which
could not reasonably have been foreseen. The unexpended balance
[thereof] shall be a part of the [surplus to be carried over to
the ensuing fiscal year, as provided by section 2-7-8 of this
code] UNDESIGNATED FUND BALANCE.

2-7-5.

[The revenue derived by the county from all sources shall be
devoted absolutely to paying and defraying the line item as
approved in the annual budget. However, to serve the best
interest of the county throughout the fiscal year, the board of
county commissioners may make such line item transfers as it
deems necessary provided such transfers are approved in writing;
no excess of income over the total of estimates, plus the
unexpended balance of the contingency fund, shall be added to any
estimate or be used for any purpose, except as a part of the
surplus to be carried over to the ensuing fiscal year as provided
by section 2-7-8 of this Code. Nothing in this section shall
affect special revenues received by the county as provided for in
section 2-7-6 of this Code.]

(A) THE REVENUE DERIVED BY THE COUNTY FROM ALL SOURCES
SHALL BE DEVOTED ABSOLUTELY TO PAYING AND DEFRAYING THE
APPROPRIATIONS AS APPROVED IN THE OPERATING AND CAPITAL BUDGETS.
HOWEVER, TO SERVE THE BEST INTERESTS OF THE COUNTY THROUGHOUT THE
FISCAL YEAR, THE BOARD OF COUNTY COMMISSIONERS MAY MAKE
ADJUSTMENTS TO THE APPROVED BUDGETS TO THE FOLLOWING EXTENT:

(1) THE COUNTY COMMISSIONERS MAY DESIGNATE DELEGATE
TO THE COUNTY BUDGET OFFICER THE AUTHORITY TO APPROVE ADJUSTMENTS

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