400 Washington Avenue
Towson, Maryland 21204-4665
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The Accounting Division of the Baltimore County Office of Budget and Finance is responsible for the accounting and administration of all revenue sources and expenditures within Baltimore County. It is comprised of several areas of responsibility, including grants, capital projects, revenue collection, property tax system control as well as general accounting.
Comprehensive Annual Financial Report
The office is also responsible for the compilation of the annual Comprehensive Annual Financial Report (CAFR) (PDF) as well as the yearly Single Audit Report (PDF). The CAFR is a detailed presentation of the County’s financial position as of its June 30 fiscal year end and the results of operations for that fiscal year. The Single Audit Report presents the expenditures of all the County’s federally funded programs in accordance with Office of Management and Budget (OMB) Circular A-133. Circular A-133 was issued pursuant to the Single Audit Act of 1984 and Single Audit Act Amendments of 1996. These Acts set forth standards for obtaining consistency and uniformity among federal agencies for the audit of states, local governments and non-profit organizations expending Federal awards in excess of $500,000.
The Baltimore County Charter requires that the accounting records be audited on a yearly basis by an independent auditor. The County has consistently conformed to the highest standards of governmental accounting for its CAFR and has been awarded the Certificate of Achievement for Excellence by the Government Finance Officers Association (GFOA) for each year.
The County has been awarded the prestigious Certificate of Achievement for Excellence in Financial Reporting by the GFOA each year since 1979 for the annual CAFR, and each year since 1994 for the Employees' Retirement System.