It also includes payments for paying agents, registrars, and escrow agents. The commitment of appropriated funds to purchase an item or service. Expenditures include current operating expenses which require the current or future use of net current assets, debt service, and capital outlays. The tax rate adopted in the final public hearing. Martin County's fiscal year begins October 1 and ends September 30th of each year.
Examples are public safety, public health, public welfare, etc.
A fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. This fund is supported by ad valorem taxes, licenses and fees, and other general revenues to provide county-wide operations. To impose taxes, special assessments, or service charges. The property tax rate which is based on the valuation of property. A mission statement describes general purposes and values, states the overall reason for existence in terms of results, and shows direction.