PRINCE FREDERICK, Md. — Calvert’s Board of County Commissioners (BOCC) heard an update on long-term capital planning at the April 14 meeting, with a focus on long-term planning.
When addressing the capital requests in a prior meeting, including Volunteer Fire-Rescue EMS, facility needs, turf fields at all four high schools and other projects, the BOCC asked Acting Capital and Grants Management Specialist Danielle Russell to work with the county’s financial advisers to explore options for debt management and long-term budgeting.
The ongoing discussion is part of an annual review of the county’s finances, including the processes for how capital improvement projects are decided and how money is allocated from the budget to pay for them.
Commissioners expressed concern about project deadlines getting postponed before or during construction processes, and said they wanted to make sure strong guardrails were in place to get projects done on time and on budget in the future.
They also explained that they hoped to avoid unnecessary expenditure in upcoming years by focusing on projects that aligned with long-term goals, rather than short-term needs, and that they hoped for a more robust process to evaluate areas in the county that may benefit from capital improvement projects.
Russell also presented findings from the county’s financial adviser on financial sustainability, particularly the use of the county’s debt and bonds to maintain stability for the long term.
This presentation served as a work session, and the BOCC did not take a vote during the meeting.
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