Title
AN ACT CONCERNING SUPPLEMENTARY APPROPRIATIONS for the purpose of declaring additional revenue and appropriating to the General Fund to provide for costs that were not anticipated and included in the Approved Fiscal Year 2022 Budget.
Background
This legislation provides supplementary appropriations in the General Fund to cover unanticipated and vital costs needed to meet year end operational requirements. The additional resources will support the Prince George’s Community College. The County must provide at least the same level of contribution as they provided the previous year (FY 2021) for the Community College to receive increases in State aid under the funding formula in FY 2022. If the maintenance of effort (MOE) is not met, then the College receives the same level of State aid as prior year (no increase in State aid). The legislation declares additional use of fund balance in the amount of $2,200,000 to meet the MOE requirement. This legislation would increase the County’s contribution to the Community College from $41,726,200 to $43,926,200 and the overall appropriation from $123,194,800 to $125,394,800. The Fiscal Year 2022 General Fund budget as expressed by CB-35-2021 and amended by CB-110-2021 increases the budget from $3,803,750,800 to $3,805,950,800. The overall increase in revenue totals $2,200,000.