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Caroline County advisers warn reserves could shrink as budget pressures mount
Summary
At a March 24 briefing, the county—inancial adviser told supervisors that unassigned fund balance may shrink in FY25and FY26 after accounting adjustments, and that debt-service constraints limit near-term borrowing without new revenue. The board scheduled a budget work session for March 31 to set an advertised tax rate.
Courtney Rogers, financial adviser to Caroline County, told the Board of Supervisors on March 24 that the county—aces tightening budget conditions even though reserves remain above policy. "We were able to add substantial dollars in '22 and '23. Fund balance did grow," Rogers said, but cautioned that accrual accounting and planned mid-year appropriations could push the unassigned fund balance down by about $600,000.
The briefing traced how federal pandemic-era funds (CARES and ARPA) increased reserves in 2021and 2022, then masked the underlying operating trend. Rogers said FY25 looks roughly break-even…
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