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Financial advisers warn Caroline County to stop relying on fund balance as a recurring revenue source
Summary
Davenport & Company presented a fiscal review showing revenue growth but faster expenditure growth, rising use of fund balance to balance budgets, and limited near‑term debt capacity; the firm recommended policy changes including a budget stabilization reserve and adjustments to debt limits.
Courtney Rogers of Davenport & Company briefed the Caroline County Board of Supervisors on March 25 on the county’s recent financial results, reserve levels and debt capacity as the county begins next year’s budget process.
Rogers said revenues grew from about $59 million to roughly $66 million over recent years, helped by interest earnings and local tax gains, but expenditures — especially public safety and general government — increased faster, eating the revenue gains. The firm flagged use of fund balance in adopted budgets: the '24 adopted budget initially contemplated using about $2.7 million of fund balance, and the '25 adopted budget included roughly $400,000 more use of fund…
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