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Montgomery County reviews May financial report; general fund holds $51.2 million
Summary
County Administrator Michael B. Colbert told commissioners the General Fund Operating subfund balance was $51.2 million in May, with revenues 2.4% above budget and expenses 2.8% above; commissioners reviewed fund-level performance and several funds flagged for monitoring.
Montgomery County Administrator Michael B. Colbert reviewed the May 2026 financial report with the Board of County Commissioners, reporting that "General Fund Operating subfund balance is $51.2m," alongside $40.0 million in Budget Stabilization and $21.9 million in Capital Reserve. He said revenues were 2.4% above the current budget and expenses were 2.8% above it.
The report presented line-by-line figures across fund types. The General Fund showed year-to-date revenues and expenditures with a 44.1%–44.5% spending rate against budgeted amounts. Colbert walked commissioners through key subfunds (incentive to save, capital reserve, and targeted programs) and highlighted that first-half property tax collections were settled in April. Commissioners reviewed the report but the minutes do not record a formal vote or further directive.
The presentation also included a multi-page fund-by-fund appendix with detailed balances, percentages collected, and notes on fund health across Special Revenue, Debt Service, Enterprise, Internal Service, and Trust & Agency funds. The county will continue monthly monitoring and flagged several funds for closer oversight during the second half of the fiscal year.
