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St. Mary’s County finance staff recommends $1.086 million fuel baseline; commissioners agree
Summary
County finance staff told commissioners rising market fuel costs and contract clauses require an increase to the FY2023 fuel baseline. Commissioners agreed to keep $1,086,000 in the budget and directed vehicle purchases be funded from fund balance rather than exempt financing.
County finance staff told St. Mary’s County commissioners on March 8 that recent market moves and supplier contract clauses justify increasing next year’s fuel budget by $1,086,000.
The increase, presented by Jeanette Cudmore, the county’s finance director, reflects rapid jumps in retail and contract fuel prices since departments prepared their budget requests in January. “We started off with a fund balance of $25,000,000 that you can use,” Cudmore said while summarizing available resources and the proposed baseline changes. She told the board she updated fuel accounts to reflect March 1 contract pricing and Maryland averages included in the reference materials.
Cudmore and Deputy Finance…
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