Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Commissioners agree to use FIN 12 funds to start three county capital projects; staff to fold refunding savings into PAYGO for FY13
Summary
St. Mary's County commissioners on Feb. 27 agreed to use part of the county's FIN 12 capital reserve to start three near-complete projects and asked staff to fold debt-refunding savings into PAYGO (pay-as-you-go) funding to help balance the fiscal 2013 capital plan.
St. Mary's County commissioners on Feb. 27 agreed to use part of the county's FIN 12 capital reserve to start three near-complete projects and asked staff to fold debt-refunding savings into PAYGO (pay-as-you-go) funding to help balance the fiscal 2013 capital plan.
The projects the board identified for FIN 12 funding are Carver Heights Park, the Mattapani bathrooms/administration/demo kitchen tied to the farmers market, and State Highway Administration (SHA) entrance improvements. County finance staff briefed commissioners on Attachment C of the agenda, which shows the FIN 12 balance and candidate uses.
The commissioners and staff described the FIN 12 as a capital reserve made up of project closeouts, adjustments and the one‑time debt service savings from a recent refunding. Elaine Kramer, the county…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
