Maryland Code, HUMAN SERVICES 11-208
Terms Used In Maryland Code, HUMAN SERVICES 11-208
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- including: means includes or including by way of illustration and not by way of limitation. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) (1) For informational purposes only, the Corporation shall submit its budget to the General Assembly in conjunction with the budget request of the Judicial Branch of the State government on November 1 of each year.
(2) The informational budget required under this subsection shall include 3 years of data, including the most recently completed fiscal year, an estimate for the current fiscal year, and an estimate for the next fiscal year, including:
(i) a summary of total expenditures and the sources of revenue that support that spending;
(ii) line item expenditure detail for personnel, operating expenses, and grants, including individual grantees;
(iii) narrative explanation of all revenue and spending changes between the current fiscal year and the next fiscal year;
(iv) performance measurement data that details the use of funds; and
(v) detail on the Corporation’s reserve fund, including actual and estimated end of fiscal year balances, transfers to and from the reserve fund, and the policies governing the reserve fund.