Fiscal Year 2009 CAFR (PDF)

Exactly as extracted, unformatted — for checking against the original. The readable version is easier to read.

QUEEN ANNE'S COUNTY, MARYLAND
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED JUNE 30, 2009
TABLE OF CONTENTS
Page(s)
INTRODUCTORY SECTION
Letter of Transmittal 1–4
Certificate of Achievement for Excellence in Financial Reporting 5
Organization Chart 6
Certain Elected and Other Officials 7
FINANCIAL SECTION
Independent Auditor's Report 9–10
Management's Discussion and Analysis (required supplementary information) 11–32
BASIC FINANCIAL STATEMENTS 33
Government-Wide Financial Statements
Statement of Net Assets 34–35
Statement of Activities 36–37
Governmental Fund Financial Statements
Balance Sheet 38–39
Reconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net Assets 41
Statement of Revenues, Expenditures and Changes in Fund Balances 42–43
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund
Balances of Governmental Funds to the Statement of Activities 44–45
Enterprise Fund Financial Statements
Statement of Net Assets 46–47
Statement of Revenues, Expenses, and Changes in Fund Net Assets 48–49
Statement of Cash Flows 50–51
Fiduciary Fund Statements
Statement of Fiduciary Net Assets 52
Statement of Changes in Fiduciary Net Assets 53
Notes to Financial Statements 54–103
REQUIRED SUPPLEMENTARY INFORMATION 105
Other Post-Employment Benefits (OPEB) Trust
Schedule of Funding Progress and Schedule of Participating Agencies' Contributions 106
Budgetary Comparisons for General and Major Special Revenue Funds 107
General Fund
Schedule of Revenues, Expenditures and Changes in Fund
Balances – Budget and Actual 109
Schedule of Revenues and Other Financing Sources – Budgetary Basis 110–111
Schedule of Expenditures and Other Financing Uses – Budgetary Basis 112–113
Roads Board Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund
Balances – Budget and Actual 114
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QUEEN ANNE'S COUNTY, MARYLAND
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FISCAL YEAR ENDED JUNE 30, 2009
TABLE OF CONTENTS (CONTINUED)
Page(s)
FINANCIAL SECTION (CONTINUED)
COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES
(SUPPLEMENTARY INFORMATION) 115
Non-Major Governmental Funds 117–119
Combining Balance Sheet 120–122
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 124–126
Schedule of Revenues, Expenditures, and Changes in Fund Balances –
Budgetary Basis 128–132
Capital Projects Funds 133
Schedule of Appropriations and Expenditures 134–137
School Impact Fees Capital Projects Fund
Schedule of Revenues, Expenditures and Changes in Fund
Balances – Budget and Actual 138
Non-Major Enterprise Funds 139–141
Combining Statement of Net Assets 142–143
Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets 144–145
Combining Statement of Cash Flows 146–147
Fiduciary Funds 149–151
Other Post-Employment Benefit Trust Fund
Combining Statement of Fiduciary Net Assets 152
Combining Statement of Changes in Fiduciary Net Assets 153
Agency Funds
Combining Statement of Fiduciary Net Assets 155
Combining Statement of Changes in Fiduciary Net Assets 156–157
Changes in Capital Assets, Interfund Receivables and Payables, and Interfund Transfers 159
Detailed Schedule of Changes in Capital Assets 161
Detailed Schedule of Interfund Receivables and Payables 162–163
Detailed Schedule of Interfund Transfers 164–167
Community Partnerships for Children Special Revenue Fund 169
Combining Balance Sheets – By Grantor 170–171
Schedule of Revenues, Expenditures, and Changes in Fund Balances –
By Community Partnership Agreements (CPA) and
Non-Community Partnership Agreements (Non-CPA) 172–175
Schedule of Revenues, Expenditures, and Changes in Fund Balances –
Budgetary Basis 176–177
STATISTICAL SECTION (UNAUDITED) 179
Table
1 Net Assets by Component – Government-Wide 181
2a Changes in Net Assets – Government-Wide 182–183
2b General Tax Revenues – Governmental Activities 184
3 Fund Balances – Governmental Funds 185
4 Changes in Fund Balances – Governmental Funds 186–187
5 Assessed Value of Taxable and Exempt Property 189
6a Real Property Tax Rates – County Direct Rate 190
6b Real Property Tax Rates – County Special Taxing Districts 191
6c Real Property Tax Rates – Overlapping Governments – Towns 192–193
7 Ten Highest Commercial Property Taxpayers 194
8 Property Tax Levies and Collections 195
9 Ratios of Outstanding Debt by Type 196
10 Ratios of General Bonded Debt Outstanding 197
11 Computation of Net Direct and Overlapping Debt 199
12 Computation of Legal Debt Margin 200–201
13 Principal Employers 202
14 Demographic Statistics 203
15 County Government Employees – Full-Time Equivalents 204
16 County Government Employees – Full-Time Only by Function 205
17 Operating Indicators by Function 206
18 Capital Asset Statistics by Function 207
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Introductory Section

December 23, 2009
The Board of County Commissioners and
The Citizens of Queen Anne’s County, Maryland
Formal transmittal of the Comprehensive Annual Financial Report (CAFR)
State law requires that all general-purpose governments publish a complete set of financial
statements presented in conformity with accounting principles generally accepted in the United
States of America (GAAP) and audited in accordance with auditing standards generally accepted
in the United States of America by a firm of licensed certified public accountants. Pursuant to that
requirement, we hereby issue the comprehensive annual financial report of Queen Anne’s
County, Maryland for the fiscal year ended June 30, 2009.
This report consists of management’s representations concerning the finances of Queen Anne’s
County. Consequently, management assumes full responsibility for the completeness and
reliability of all of the information presented in the report. To provide a reasonable basis for
making these representations, the management of Queen Anne’s County has established a
comprehensive internal control framework that is designed both to protect the government’s
assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation
of Queen Anne’s County’s financial statements in conformity with GAAP. Because the cost of
internal controls should not outweigh their benefits, Queen Anne’s County’s comprehensive
framework on internal controls has been designed to provide a reasonable, rather than absolute,
assurance that the financial statements will be free from material misstatement. As management,
we assert that, to the best of our knowledge and belief, this financial report is complete and
reliable in all material respects.
Queen Anne’s County’s financial statements have been audited by Clifton Gunderson LLP, a firm
of licensed certified public accountants. The goal of the independent audit is to provide
reasonable assurance that the financial statements of Queen Anne’s County, for the fiscal year
ended June 30, 2009, are free of material misstatement. The independent audit involves
examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements; assessing the accounting principles used and significant estimates made by
management; and evaluating the overall financial statement presentation. The independent
auditor concluded, based upon the audit, that there was a reasonable basis for rendering an
unqualified opinion that Queen Anne’s County’s financial statements for the fiscal year ended
June 30, 2009, are fairly presented in conformity with GAAP. The independent auditor’s report is
presented as the first component of the financial section of this report.
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The independent audit of the financial statements of Queen Anne’s County is part of a broader,
federally mandated “Single Audit’ designed to meet the special needs of federal grantor agencies.
The standards governing Single Audit engagements require the auditor to report not only on the
fair presentation of the financial statements, but also on the audited government’s internal
controls and compliance with legal requirements, with special emphasis on internal controls and
legal requirements involving the administration of federal awards. These reports are available in
Queen Anne’s County’s separately issued Single Audit report.
GAAP require that management provide a narrative introduction, overview, and analysis, entitled
Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to
complement MD&A and should be read in conjunction with it. Queen Anne’s County’s MD&A can
be found immediately following the report of the independent auditor.
Profile of the Government
Queen Anne’s County is situated on the Eastern Shore of Maryland. It is bordered to the north by
Kent County, to the east by the State of Delaware, to the south by Caroline and Talbot counties,
and to the west by the Chesapeake Bay. Access to the western shore of Maryland is provided by
the Chesapeake Bay Bridge. The County is 373 square miles in area and has approximately
47,091 citizens. The County seat is located in Centreville. The County Commissioners of Queen
Anne’s County are empowered to levy a property tax on both real and personal properties located
within its boundaries.
Queen Anne’s County was formed in 1706 and is governed by a five-member Board of County
Commissioners. County code provides that one Commissioner be elected purely at large. The
remaining four Commissioners must reside in specific districts, but are elected at large. The
Commissioners operate under Maryland’s Code Home Rule form of government. The Board
operates under the Code of Local Laws of Queen Anne’s County. Both the executive and
legislative functions of the County are vested with the Board of County Commissioners.
Queen Anne’s County provides a full range of services including public safety (police, volunteer
fire protection, emergency services, detention center, and animal control), highways and streets,
sanitation, planning and zoning, economic development, culture and recreation, education,
libraries, and general administrative services. In conjunction with the State, the County also
operates services related to general community health and social services. In addition, the
County operates a water and wastewater utility, an airport, and certain recreational facilities as
Enterprise Funds.
The appropriated annual budget is prepared by fund, function (e.g. public safety), and department
(e.g. detention center). Department Heads may make transfers of appropriations within a
department of up to $10,000 with the approval of the County Administrator. Transfers of
appropriations or appropriation of new revenues in excess of $10,000 require the approval of the
County Commissioners. Budget to actual comparisons are provided in this report for individual
governmental funds for which an appropriated annual budget has been adopted. The budget
comparisons for the general fund and major special revenue funds are presented on pages 109
to 114 as part of the Required Supplementary Information portion of this report. For non-major
funds with appropriated annual budgets, budget to actual comparisons are presented in the
Supplementary Information subsection of this report on pages 128 to 132; on page 138; and on
pages 176 to 177.
Information Useful in Assessing the Government’s Economic Condition
The information presented in the financial statements is perhaps best understood when it is
considered from the broader perspective of the specific environment within which Queen Anne’s
County operates.
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Local Economy. Queen Anne’s County currently enjoys a stable economic environment. Local
indicators, such as lower than average unemployment, increased wealth levels, and a
manageable debt burden all point to continued stability. The local employment base is
somewhat limited and centers on several stable manufacturers, as well as the agriculture,
maritime, construction, retail, leisure, and hospitality industries. Nearly 60% of the workforce
commutes to locations outside the County, primarily to higher paying jobs in the
Baltimore/Washington area. Three of the five largest employers are governmental units,
including the County, the Board of Education, and Chesapeake College. There is a small, but
growing, base of specialty manufacturers. Housing demand and prices are relatively flat
compared to prior years. Unemployment is typically below the state and national averages. The
June 2009 rate for the County was 6.7% compared to the state’s rate of 7.4% and the U.S.’s rate
of 9.5%. The 2009 average rate for the county was 5.8%.
Long Term Financial Planning. The County Commissioner’s six-year capital program, starting
with fiscal year 2010, prioritizes capital expenditures over these years to meet needs. The six-
year program includes: $102.6 million for construction and renovation of various school facilities;
$15.0 million for a new circuit courthouse; and $8.2 million for the Bay Bridge Airport. Offsetting
nearly two thirds of these project costs, grants and other non-operating, non-debt resources are
anticipated: $51.0 million for the school construction and renovation; and $7.8 million for the
Airport.
Cash Management Policies and Practices. Cash held temporarily idle during the year by the
County, excluding component units, was invested in the Maryland Local Government Investment
Pool (MLGIP). As of June 30, 2009, about $34.5 million was invested in the pool.
The average yield on MLGIP investments was 1.35%, with a total amount earned in all
governmental fund types of $643 thousand. Of this amount, $398 thousand was credited to the
County’s General Fund and used to pay current expenditures.
The County has a written investment policy that insures that the security of County investments is
maximized.
Insurance/Risk Management. Queen Anne’s County is a charter member of the Maryland Local
Government Insurance Trust (LGIT). The trust is a public entity risk pool, which is owned and
directed by the local governments that subscribe to its coverage, and operates under the terms of
a Trust Agreement. The County obtains property, general, excess, and vehicle coverage from
the Trust and pays LGIT an annual premium. Claims are processed and recoveries are subject
to deductibles and to annual aggregate/per occurrence dollar limits.
The County obtains worker’s compensation insurance through a commercial insurance company.
Employee medical coverage is provided through a self-insurance group operated by the Eastern
Shore of Maryland Educational Consortium.
Pension and Other Post Employment Benefits. The employees of the County are covered by the
Employee’s Pension System or the Law Enforcement Officers Pension System, which are
cost-sharing multiple employer pension systems. The Pension System of Maryland administers
these pension plans. The State Personnel and Pension Article of the Annotated Code of
Maryland specifies all plan benefits to plan members. Additional information on the plans can be
found in Note 12 of the notes to the financial statements.
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The County provides access to medical insurance benefits to retirees who retire from County
service in accordance with County policy. Retirees with at least fifteen years of continuous
County service may qualify for membership in the County’s retiree group medical plan(s) at a
reduced rate; those with less than fifteen years service may remain in this plan if they pay the full
rate. Full time employees who retire may also insure their spouses and certain dependents.
Retirees pay between 10% and 100% of the full premium equivalent cost based upon their years
of County service at retirement. The County reports information related to these post-
employment benefits on an accrual basis; such information was previously reported on a pay-as-
you-go basis. Additional information can be found in Note 14 of the notes to the financial
statements.
Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awarded
a Certificate of Achievement for Excellence in Financial Reporting to Queen Anne’s County,
Maryland for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30,
2008. The Certificate of Achievement is a prestigious national award that recognizes
conformance with the highest standards for preparation of state and local government financial
reports. In order to be awarded a Certificate of Achievement, the County must publish an easily
readable and efficiently organized comprehensive annual financial report. This report must
satisfy both generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. Queen Anne’s County,
Maryland has received a Certificate of Achievement for the last ten consecutive years (fiscal
years 1999-2008). We believe our current comprehensive annual financial report continues to
conform to the Certificate of Achievement program requirements and we are submitting it to
GFOA to determine its eligibility for another certificate.
The preparation of the comprehensive annual financial report was made possible by the
dedicated service of the entire staff of the Finance Office. Each member of the department has
my sincere appreciation for the contributions made in preparation of this report. Special
recognition is given to Eren L. Rose for her dedication and professionalism in the preparation of
Queen Anne’s County financial statements.
Respectfully submitted,
John P. Borders, Jr., CPA
County Administrator
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QUEEN ANNE’S COUNTY, MARYLAND
GOVERNMENTAL ORGANIZATION
CERTAIN ELECTED AND OTHER OFFICIALS
AS OF JUNE 30, 2009
CERTAIN ELECTED OFFICIALS *
County Commissioners Eric S. Wargotz, M.D., At Large
Courtney M. Billups, District 1
Paul L. Gunther, District 2
Gene M. Ransom, III, District 3
Carol R. Fordonski, District 4
State’s Attorney Lance G. Richardson, Esq.
Sheriff Raymond G. Hofmann
* As of November 16, 2009.
CERTAIN DEPARTMENT HEADS AND OTHER OFFICIALS **
County Administrator John P. Borders, Jr., CPA
Chief Operating Officer Gregg A. Todd
Director of Public Works Todd R. Mohn
Director of Economic Development,
Agriculture, and Tourism Faith E. Rossing
Chief of Land Use and Zoning J. Steve Cohoon
Chief of Community and
Environmental Planning Helen M. Spinelli
Chief Accounting Officer Eren L. Rose, CPA
Chief Treasury Officer Marie K. Lange
County Attorney Patrick E. Thompson, Esq.
Independent Auditor Bond Counsel Financial Advisor
Clifton Gunderson LLP McKennon, Shelton Public Advisory Consultants
Certified Public Accountants & Henn, LLP Baltimore, Maryland
Timonium, Maryland Baltimore, Maryland
** As of November 16, 2009.
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

Independent Auditorʼs Report
The Board of Commissioners
of Queen Anneʼs County, Maryland
Centreville, Maryland
We have audited the accompanying financial statements of the governmental activities, the
business-type activities, the aggregate discretely presented component units, each major fund,
and the aggregate remaining fund information of Queen Anneʼs County, Maryland (the County)
as of and for the year ended June 30, 2009, which collectively comprise the Countyʼs basic
financial statements as listed in the table of contents. These financial statements are the
responsibility of the Countyʼs management. Our responsibility is to express an opinion on these
financial statements based on our audit. We did not audit the component unit financial
statements of the Board of Education of Queen Anneʼs County and the Queen Anneʼs County
Free Library which comprise 86% of the assets and 97% of the revenues of the discretely
presented component units. Those financial statements were audited by other auditors whose
reports thereon have been furnished to us, and our opinion, insofar as it relates to the amounts
included for the above mentioned component units, is based solely on the reports of the other
auditors.
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government
Auditing Standards, issued by the Comptroller General of the United States. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that
our audit and the reports of other auditors provide a reasonable basis for our opinion.
In our opinion, based on our audit and the reports of other auditors, the financial statements
referred to above present fairly, in all material respects, the respective financial position of the
governmental activities, the business-type activities, the aggregate discretely presented
component units, each major fund, and the aggregate remaining fund information of the County
as of June 30, 2009, and the respective changes in financial position and cash flows, where
applicable, for the year then ended in conformity with accounting principles generally accepted
in the United States of America.

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 9 

In accordance with Government Auditing Standards, we have also issued our report dated
December 22, 2009 on our consideration of the Countyʼs internal control over financial reporting
and on our tests of its compliance with certain provisions of laws, regulations, contracts and
grant agreements and other matters. The purpose of that report is to describe the scope of our
testing of internal control over financial reporting and compliance and the results of that testing,
and not to provide an opinion on the internal control over financial reporting or on compliance.
That report is an integral part of an audit performed in accordance with Government Auditing
Standards and should be considered in assessing the results of our audit.
The Managementʼs Discussion and Analysis; Schedule of Funding Progress; Schedule of
Participating Agenciesʼ Contributions; and Schedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and Actual - General Fund and Roads Board Special Revenue Fund as
referenced in the table of contents are not a required part of the basic financial statements but are
supplementary information required by accounting principles generally accepted in the United
States of America. We have applied certain limited procedures, which consisted principally of
inquiries of management regarding the methods of measurement and presentation of the required
supplementary information. However, we did not audit the information and express no opinion
on it.
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the Countyʼs basic financial statements. The introductory section,
combining and individual fund financial statements and supplementary schedules listed as
supplementary data, and statistical section, as listed in the table of contents are presented for
purposes of additional analysis and are not a required part of the basic financial statements. The
combining and individual fund financial statements and supplementary schedules, listed as
supplementary data have been subjected to the auditing procedures applied in the audit of the
basic financial statements and, in our opinion, are fairly stated, in all material respects, in relation
to the basic financial statements taken as a whole. The introductory section and statistical tables
listed in the table of contents have not been subjected to the auditing procedures applied in the
audit of the basic financial statements and, accordingly, we express no opinion on them.

Baltimore, Maryland
December 22, 2009
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10

Management’s Discussion and Analysis
Introduction
This section of the Comprehensive Annual Financial Report of Queen Anne’s County, Maryland
(the County) presents a narrative overview and analysis of the financial activities of Queen
Anne’s County Government for the fiscal year ended June 30, 2009. We encourage readers to
use the information presented here in conjunction with the accompanying letter of transmittal, the
basic financial statements and the accompanying notes to those financial statements.
Adoption of new GASB Statements
During fiscal year 2009, the County implemented Governmental Accounting Standards Board
(GASB) Statements No. 43, Financial Reporting for Post-Employment Benefit Plans Other than
Pension Plans, and No. 45, Accounting and Financial Reporting by Employers for Post-
Employment Benefits Other Than Pensions. Implementing these statements required reporting
accrual basis information related to retiree benefits, which previously were reported on a pay-as-
you-go basis. The County has established a fiduciary Trust entity, entitled “Other Post-
Employment Benefit Trust – County Commissioners of Queen Anne’s County, County
Commissioners of Kent County, and Participating Agencies” (OPEB Trust), to account for and
report on post-employment healthcare benefit activities and those of its other participating
agencies. Because the County only partially funded the actuarially calculated contribution
currently required for these benefits, which contribution must be recorded as an expense, a non-
current liability of $4.3 million has been recognized on the County’s Statement of Net Assets for
governmental and business-type activities. For more information, see Note 14 of the Notes to
Financial Statements, which can be found on pages 96 to 101.
The County also adopted GASB Statement No. 49, Accounting and Financial Reporting for
Pollution Remediation Obligations. Information on current year situations can be found in Note
18 on page 103.
In addition, the County adopted GASB Statement No. 50, Pension Disclosures an amendment of
GASB Statements No. 25 and No. 27, which did not have a significant impact on the County’s
financial statements.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to Queen Anne’s County
Government’s basic financial statements. The County’s basic financial statements are comprised
of three components:
Government-Wide Financial Statements
Fund Financial Statements
Notes to the Financial Statements
This report also contains other required and non-required supplementary information in addition
to the basic financial statements themselves.
Government-Wide financial statements: The government-wide financial statements are
designed to provide readers with a broad overview of Queen Anne’s County Government’s
finances, in a manner comparable to a private sector business.
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The statement of net assets presents information on all of Queen Anne’s County Government’s
assets and liabilities, with the difference between the two reported as net assets. Over time,
increases or decreases in net assets may serve as a useful indicator of whether the financial
position and condition of Queen Anne’s County Government is improving or deteriorating.
The statement of activities presents information showing how the government’s net assets
changed during the most recent fiscal year. All changes in net assets are reported as soon as
the underlying event giving rise to the change occurs, regardless of the timing of related cash
flows. Thus, revenues and expenses are reported in this statement for some items that will only
result in cash flows in future fiscal periods (e.g. uncollected taxes and earned but unused
vacation leave).
Both of the government-wide financial statements distinguish functions of Queen Anne’s County
Government that are principally supported by taxes and intergovernmental revenue
(governmental activities) from other functions that are intended to recover all or a significant
portion of their costs through user fees and charges (business-type activities).
The governmental activities of Queen Anne’s County Government include general government,
public safety, public works, health, social services, education, parks and recreation, library,
conservation of natural resources, and economic and community development. The business-
type activities of Queen Anne’s County Government include water and sewer services, an airport,
public marinas, parks and various recreational facilities.
The government-wide financial statements include not only Queen Anne’s County Government
itself (known as the primary government), but also legally separate component units. Queen
Anne’s County Government has the following discretely presented component units: Queen
Anne’s County Board of Education, Queen Anne’s County Free Library, and the Queen Anne’s
County Public Housing Authority. Financial information for these component units is reported
separately from the financial information presented for the primary government itself. The
government-wide financial statements can be found on pages 34 to 37 of this report.
Fund Financial Statements: A fund is a group of related accounts that is used to maintain
control over resources that have been segregated for specific activities or objectives. Queen
Anne’s County Government, like other state and local governments, uses fund accounting to
ensure and demonstrate compliance with finance-related legal requirements. All of the funds of
Queen Anne’s County Government can be divided into three categories: governmental funds,
proprietary funds, and fiduciary funds. Fund financial statements can be found throughout this
report, with basic statements found on pages 38 to 53.
Governmental funds: Governmental funds are used to account for essentially the same
functions reported as governmental activities in the government-wide financial statements.
However, unlike the government-wide financial statements, governmental fund financial
statements focus on near term inflows and outflows of spendable resources available at the end
of the fiscal year. Such information may be useful in evaluating a government’s near term
financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements.
By doing so, readers may better understand the long-term impact of the government’s near term
financing decisions. Both the balance sheet for governmental funds and the statement of
revenues, expenditures, and changes in fund balances for governmental funds provide a
reconciliation to facilitate this comparison between governmental funds and governmental
activities. These two reconciliations begin with governmental fund financial data; describe all
transactions that are added or subtracted to yield governmental activities; and end with
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governmental activities financial data. These reconciliations can be found on pages 41 and 44 to
45.
Queen Anne’s County maintains three types of governmental funds: the general fund, a variety
of special revenue funds, and five capital projects funds. Information is presented separately in
the governmental fund balance sheet and in the governmental fund statement of revenues,
expenditures, and changes in fund balances for all governmental funds; fund type is identified for
each fund.
Queen Anne’s County adopts an annual appropriated budget for its general fund; school, fire, and
parks impact fee capital projects funds; and the following special revenue funds: roads board,
department of aging, housing and community services, community partnerships for children,
dredging special assessments, Kent Narrows, law library, inmate welfare, agricultural transfer,
and rural legacy. A budgetary comparison statement has been provided for each of these funds,
which can be found on pages 109 to 114; 128 to 132; 138; and 176 to 177 of this report.
Proprietary funds: Queen Anne’s County maintains enterprise funds to report the same
functions presented as business-type activities in the government-wide financial statements.
Queen Anne’s County Government uses enterprise funds to account for its water and sewer
services, airport, marinas, parks, and other recreational facilities. The basic proprietary fund
financial statements can be found on pages 46 to 51 of this report, as well as non-major
statements on pages 142 to 147.
Fiduciary funds: Fiduciary funds are used to account for resources held for the benefit of
parties outside the government. Fiduciary funds are not reflected in the government-wide
financial statements because the resources of those funds are not available to support Queen
Anne’s County Government’s own programs. The County acts as a fiduciary for two trust and six
agency funds. The accounting used for fiduciary funds is much like that used for proprietary
funds. The basic fiduciary fund financial statements can be found on pages 52 to 53 of this
report, while further detail can be found on pages 152 to 157.
Notes to the financial statements: The notes provide additional information that is essential to
a full understanding of the data provided in the government-wide and fund financial statements.
The notes to the financial statements can be found on pages 54 to 103 of this report.
Government-wide Financial Analysis
Statement of Net Assets
A summary of government-wide assets, liabilities, and net assets is as follows:
Governmental Activities Business Type Activities Total
Summary of Net Assets 2009 2008 2009 2008 2009 2008
Current and Other Assets $ 54,440,061 $ 71,853,636 $ 2 6,467,702 $ 24,681,001 $ 8 0,907,763 $ 9 6,534,637
Capital Assets 1 37,608,599 1 32,874,886 9 9,900,415 1 01,870,541 2 37,509,014 2 34,745,427
Total Assets 192,048,660 204,728,522 1 26,368,117 126,551,542 3 18,416,777 3 31,280,064
Noncurrent liabilities 71,411,949 72,632,089 2 3,963,800 25,249,167 9 5,375,749 9 7,881,256
Other liabilities 7 ,508,361 1 3,963,945 5 ,370,954 5 ,788,592 1 2,879,315 1 9,752,537
Total Liabilities 78,920,310 86,596,034 2 9,334,754 31,037,759 1 08,255,064 117,633,793
Net assets:
Invested in capital assets, net
of related debt 123,217,989 117,831,360 7 7,146,688 77,237,512 2 00,364,677 1 95,068,872
Restricted 16,582,660 15,376,330 1 9,886,675 18,276,271 3 6,469,335 3 3,652,601
Unrestricted ( 26,672,299) ( 15,075,202) - - (26,672,299) (15,075,202)
Total Net Assets $ 113,128,350 $ 118,132,488 $ 9 7,033,363 $ 95,513,783 $ 2 10,161,713 $ 2 13,646,271
- 13 -

The County’s total current and other assets decreased by $15.6 million, or 16.2 percent, to $80.9
million. The County’s total assets exceeded its liabilities at the close of fiscal year 2009 by
$210.2 million. Net assets are divided into three categories: invested in capital assets (net of
related debt); restricted net assets; and unrestricted net assets.
By far, the largest portion, $200.4 million, of the County’s total net assets reflects its investment in
capital assets (e.g. land, buildings, machinery and equipment, vehicles, and infrastructure), less
any related and outstanding debt used to construct or acquire those assets. The County uses
these capital assets to provide services to citizens; consequently, they are not available for future
spending. Although the County’s investment in its capital assets is reported net of related debt, it
should be noted that the resources needed to repay the debt must be provided from other
sources since the capital assets themselves cannot be used to liquidate these liabilities.
It is important to note that, although counties in the State of Maryland issue debt for the
construction of schools, the school buildings are owned by each county’s Board of Education.
Ownership reverts to the county government only if the local Board determines a building is no
longer needed for educational purposes. Therefore, while the County’s financial statements
include this outstanding debt, they do not include the capital assets funded by the debt. Debt
outstanding for the Board of Education amounted to $50.3 million at June 30, 2009. Absent the
effect of this relationship, the County would have reported positive unrestricted net assets of
$23.6 million on its government-wide financial statements, rather than the negative unrestricted
net assets of $26.7 million reported herein.
An additional $36.5 million of the County’s total net assets represents resources that are subject
to restrictions on how they may be used. For governmental activities, this amount includes: $7.3
million in net assets restricted for contingency/revenue stabilization during periods of economic
downturn (general government function); $3.4 million restricted for housing and revolving loan
receivables (economic development function); $3.3 million restricted for State-shared Highway
User Tax mandates and developer exaction agreements (public works function); $1.2 million for
federally confiscated funds’ mandates and donation specifications (public safety function); and
$1.1 million restricted for State-shared Agricultural Transfer Tax mandates and Critical Area fine
requirements (conservation of natural resources function). For business-type activities, this
amount includes: $7.6 million restricted for subsequent year operations in those enterprise funds
not reported separately in the following restricted amounts; $7.5 million in allocations restricted for
Sanitary District capital projects or debt service; $4.0 million restricted to meet Sanitary District
debt covenants; and $753 thousand restricted by Sanitary District developer exaction project
requirements.
At the end of the current fiscal year, Queen Anne’s County Government is able to report positive
balances in two out of three categories of net assets, both for the government as a whole, as well
as for its separate governmental activities. Business-type activities report all non-capital net
assets as restricted, due to the inherent nature of those activities, and show a positive balance in
both categories.
- 14 -

Statement of Activities
The following table summarizes changes in net assets for governmental and business-type
activities during the year:
Governmental Activities Business Type Activities Total
Summary of Changes in Net Assets 2009 2008 2009 2008 2009 2008
Revenues:
Program revenues:
Charges for services $ 4,316,993 $ 6,700,093 $ 9 ,356,501 $ 9,626,951 $ 1 3,673,494 $ 16,327,044
Operating grants and contributions 12,870,537 11,325,892 4 5,824 59,663 1 2,916,361 1 1,385,555
Capital grants and contributions 2,865,454 7,583,786 1 ,041,115 3,063,206 3 ,906,569 1 0,646,992
General revenues:
Property taxes 55,362,114 50,021,587 - - 5 5,362,114 5 0,021,587
Local income tax 34,834,937 3 5,700,111 - - 3 4,834,937 3 5,700,111
Other local taxes
Admission and amusement taxes 235,588 223,233 - - 2 35,588 223,233
Recordation taxes 3,565,584 3,825,394 - - 3 ,565,584 3,825,394
Hotel taxes 428,998 503,979 - - 4 28,998 503,979
County transfer taxes 1,103,095 1,578,912 - - 1 ,103,095 1,578,912
Investment income 642,472 2,128,509 5 95,279 875,509 1 ,237,751 3,004,018
Gain on sale of capital assets 1,540,404 - - - 1 ,540,404 -
Miscellaneous 2,182,525 721,946 9 18,688 919,828 3 ,101,213 1,641,774
Total Revenues 119,948,701 120,313,442 1 1,957,407 14,545,157 1 31,906,108 134,858,599
Expenses:
Governmental Activities:
General government 13,317,683 11,167,743 - - 1 3,317,683 1 1,167,743
Public safety 23,570,049 20,721,185 - - 2 3,570,049 2 0,721,185
Public works 10,237,718 10,420,547 - - 1 0,237,718 1 0,420,547
Health 1,590,004 1,441,143 - - 1 ,590,004 1,441,143
Social services 5,617,621 4,978,883 - - 5 ,617,621 4,978,883
Education 53,296,238 58,034,317 - - 5 3,296,238 5 8,034,317
Parks and recreation 5,060,018 3,330,087 - - 5 ,060,018 3,330,087
Libraries 1,414,008 1,270,718 - - 1 ,414,008 1,270,718
Conservation of natural resources 2,473,308 2,172,443 - - 2 ,473,308 2,172,443
Economic and Community development 2,197,116 3,527,908 - - 2 ,197,116 3,527,908
Interest and fiscal charges 2,831,002 3,033,416 - - 2 ,831,002 3,033,416
Business-type Activities:
Water and sewer - - 1 0,689,782 9,621,784 1 0,689,782 9,621,784
Parks and recreation - - 2 ,178,163 2,179,157 2 ,178,163 2,179,157
Public marinas - - 3 8,050 27,344 3 8,050 2 7,344
Airport - - 8 79,906 812,067 8 79,906 812,067
Total Expenses 121,604,765 120,098,390 1 3,785,901 12,640,352 1 35,390,666 132,738,742
Increase in Net Assets before Transfers ( 1,656,064) 215,052 (1,828,494) 1,904,805 (3,484,558) 2 ,119,857
Transfers in (out) ( 3,348,074) (11,581) 3 ,348,074 11,581 - -
Increase (Decrease) in Net Assets ( 5,004,138) 2 03,471 1 ,519,580 1 ,916,386 ( 3,484,558) 2,119,857
Net Assets - Beginning of Year 118,132,488 117,929,017 9 5,513,783 93,597,397 2 13,646,271 2 11,526,414
Net Assets - End of Year $ 113,128,350 $ 118,132,488 $ 9 7,033,363 $ 95,513,783 $ 2 10,161,713 $ 213,646,271
- 15 -

Governmental activities:
Revenues for governmental activities were $120.0 million for fiscal year 2009. The following
chart depicts revenues by source for governmental activities:
Revenues by Source -
Governmental Activities
For the Year Ended June 30, 2009
Gain on Sale of Capital
County transfer taxes Investment Income Assets
0.9% 0.5% 1.3% Charges for services
Miscellaneous
Hotel taxes 3.6%
1.8%
Recordation taxes 0.4% Operating, capital &
3.0% restricted grants
Admission and 13.1%
amusement taxes
0.2%
Local income tax
Property taxes
29.0%
46.2%
• Taxes comprise the largest source of County revenue, totaling $95.5 million (79.7
percent) of total revenue for fiscal year 2009. Of that amount, property and local income
tax together yielded $90.2 million (75.2 percent) of all revenue. Each County sets its own
property and income tax rates, within parameters established by the State. For fiscal
years 2009 and 2008, the County’s property tax rate remained constant at $.770 per
$100 of assessed value of real property, based on full cash value of that property. The
County’s local income tax rate remained at 2.85 percent of the State taxable income for
calendar years 2009 and 2008. There is no local sales tax in the State of Maryland.
• Operating grants and contributions, totaling $12.9 million, reflect grants from Federal and
State agencies that support specific County programs. Programs that benefitted the
most this year are: public works and roads ($7.6 million or 58.9 percent), social services
($2.9 million or 22.8 percent), and public safety ($1.3 million or 9.8 percent).
• Charges for services, totaling $4.3 million, reflect fees charged to County citizens. These
primarily support public safety ($1.4 million or 32.3 percent) and general government
functions ($1.1 million or 24.5 percent).
• Capital grants and contributions, totaling $2.9 million, reflect contributions from Federal
and State agencies, as well as developers. Capital activities that benefit the most this
year are: parks and recreation ($1.1 million or 38.0 percent) and conservation of natural
resources ($691 thousand or 24.1 percent).
- 16 -

Expenses for all governmental activities were $121.6 million for fiscal year 2009. The following
chart depicts expenses by function for governmental activities:
Expenses -
Governmental Activities
For the Year Ended June 30, 2009
Conservation of
Econ and Comm
natural resources Interest and fiscal
development
2.0% charges
1.8%
Libraries 2.3% General government
1.2% 11.0%
Public safety
19.4%
Parks and recreation
4.2%
Public works
8.4%
Education
Health
43.8%
Social services 1.3%
4.6%
As noted in the chart above and the table below, by far the County’s largest program and highest
priority is education, with expenses totaling $53.3 million (43.8 percent). In order of priority,
public safety expenses totaled $23.6 million (19.4 percent); general government expenses were
$13.3 million (11.0 percent); public works and roads expenses were $10.2 million (8.4 percent);
social services expenses totaled $5.6 million (4.6 percent); parks and recreation expenses were
$5.1 million (4.2 percent); conservation of natural resources were $2.5 million (2.0 percent);
economic and community development expenses were $2.2 million (1.8 percent); and other
expenses were $5.8 million (4.8 percent).
The following table summarizes costs and program-related revenues for the same programs in
order of priority, yielding net service costs:
Expenses Program-Related Revenues Net Cost of Services
Net Cost of Governmental Activities 2009 2008 2009 2008 2009 2008
Education $ 53,296,238 $ 58,034,317 $ 9 09,936 $ 1,011,013 $ (52,386,302) $ (57,023,304)
Public Safety 23,570,049 20,721,185 2 ,934,508 4,422,872 (20,635,541) (16,298,313)
General Government 13,317,683 11,167,743 1 ,464,530 2,101,244 ( 11,853,153) (9,066,499)
Public Works 10,237,718 10,420,547 8 ,579,913 7,864,175 (1,657,805) (2,556,372)
Social Services 5,617,621 4,978,883 3 ,344,801 3,589,641 (2,272,820) (1,389,242)
Parks and Recreation 5,060,018 3,330,087 1 ,328,792 6,041,080 (3,731,226) 2 ,710,993
Conservation of Natural Resources 2,473,308 2,172,443 8 44,413 411,252 (1,628,895) (1,761,191)
Economic and Community Development 2,197,116 3,527,908 6 46,091 168,494 (1,551,025) (3,359,414)
Other 5,835,014 5,745,277 - - (5,835,014) (5,745,277)
Total $ 121,604,765 $ 120,098,390 $ 2 0,052,984 $ 25,609,771 $ (101,551,781) $ (94,488,619)
- 17 -

Of the total cost of $121.6 million for governmental activities, $20.1 million (16.5 percent), of
those costs were covered by program-related revenues paid by individuals and external
governmental entities. Of these outside entities, individuals who benefited directly from County
programs were charged user fees of $4.3 million, while governments and other organizations that
benefited indirectly from these programs contributed operating grants of $12.9 million and capital
grants of $2.9 million.
County taxpayers paid for most of the remaining $101.6 million in net program costs, through a
variety of County taxes for a total of $95.5 million. Net program costs of services provided to the
public, in order of net cost, were: $52.4 million for education; $20.6 million for public safety; $11.9
million for general government; $3.7 million for parks and recreation; $2.3 million for social
services; $1.7 million for public works; $1.6 million for conservation of natural resources; $1.6
million for economic and community development; and $5.8 million for other services. See
Changes in Net Assets and General Fund Budgetary Highlights for further details.
Changes in net assets: Government-wide revenues, less expenses, plus/minus transfers in/out,
yield changes in net assets. During fiscal year 2009, governmental activities decreased the
County’s net assets overall by $5.0 million, compared to an increase of $204 thousand in fiscal
year 2008. The following discussion explains changes in net assets relative to the prior fiscal
year.
Revenues for governmental activities decreased by $365 thousand (0.3 percent). Key revenue
changes, in order of relative importance, are:
• Property tax revenue increased by $5.3 million (10.7 percent). This gain was partially
offset by a decrease in recordation and county transfer taxes of $260 thousand (6.8
percent decrease) and $476 thousand (30.1 percent decrease), respectively. For fiscal
year 2008, these three property-tax-related revenues were flat compared to fiscal year
2007. In fiscal year 2009, they increased overall by $4.6 million, or 8.3 percent. The
reasons for this net increase are explained as follows:
o Transfer tax is levied when property is transferred to a new owner. Transfer tax
decreased dramatically for the last two years: 30.1 percent in fiscal year 2009,
compared to fiscal year 2008, and 37.9 percent in fiscal year 2008, compared to
fiscal year 2007.
o Recordation tax is collected when property owners re-finance property-related debt,
as well as when property is sold. For the fiscal year 2010 budget, the County
projected only a 10.4% increase in recordation tax, based on fiscal year 2009 actual
receipts.
o County-issued commercial and residential permits, mostly related to building
construction and renovation, decreased dramatically during fiscal year 2009, when
compared to the prior ten years. As shown in Table 17 of the Statistical Section, on
page 206, only 40 commercial permits were issued in fiscal year 2009, compared to
well over 200 such permits for six of the prior nine fiscal years. Meanwhile, only 427
residential permits were issued in fiscal year 2009, compared to more than twice that
many issued in six of the prior nine fiscal years.
o Each year, the State re-assesses one third of all real property in each county. The
County’s fourth tax district, Kent Island, includes much of the County’s Chesapeake
Bay shoreline and many commercial properties and constitutes about 43 percent of
the County’s taxable assessed base in fiscal year 2009; it was last re-assessed in
December, 2005. The State’s normal phase-in policy increases taxable assessments
in any given year by one third of the total increased assessed value, based on the
three-year assessment. Therefore, the fourth district’s taxable assessments reached
- 18 -

their full assessed value in time for the fiscal year 2009 tax levy, based on property
values in effect prior to December, 2005. Meanwhile, the tax rate remained
unchanged.
• Local income tax revenues remained virtually flat, decreasing by $865 thousand (2.4
percent). Flat income tax revenue is an indication that the County is not immune to the
current economic recession, although it is still relatively stable.
• Program revenue decreased by $5.6 million (21.7 percent). (1) Of this amount, $4.7
million of this decrease related to capital grant revenue. In fiscal year 2008, the County
received a one-time State grant of $4.6 million for parks and recreation to purchase a
specific parcel of land. (2) Charges for services (including forfeitures) decreased by $2.4
million, primarily due to receipt of $1.6 million in Federally Confiscated funds in fiscal year
2008 resulting from the Sheriff’s Department’s participation in an extraordinary, multi-
agency case in that year only. (3) Offsetting these two decreases, operating grants
(including state-shared tax with a mandated use) increased by $1.6 million. In prior
years, unspent highway user tax receipts were deferred until the following year, because
mandated expenditures had not been made. Beginning in fiscal year 2009, highway user
tax is recognized in the year of receipt, with any unspent funds reported as reserved fund
balance.
• Investment income decreased by $1.5 million (70.0 percent), reflecting the change in
cash on hand from fiscal year 2008 to fiscal year 2009, as well as lower interest rates.
Cash decreased by $14.1 million (31.0 percent) from $45.6 million at the end of fiscal
year 2008 to $31.5 million at the end of fiscal year 2009. This occurred because the
County (1) repaid debt of $5.1 million, net of new debt and reimbursements; and (2)
invested $1.1 million in land, $6.3 million in other capital projects, and $1.2 million in
routine capital outlay. Moreover, the average daily rate of interest earned on County
investments in the Maryland Local Government Investment Pool (MLGIP), the County’s
sole investment vehicle, decreased throughout the fiscal year, from 2.1% at June 30,
2008 to 0.47% at June 30, 2009.
• Gain on sale of capital assets increased by $1.5 million, compared to no gain in fiscal
year 2008. This gain resulted entirely from an interdepartmental transfer of capital
assets, consisting of the County’s Exhibition Center and related property. Although this
property initially functioned as a parks and recreation facility, it was later converted to an
economic and community development facility because of its ideal location at Kent
Narrows to serve tourist and business interests.
• Miscellaneous income increased by $1.5 million (202.3 percent), mainly due to two
distinct factors. (1) The County belongs to a health insurance consortium that purchases
BlueCross BlueShield insurance on behalf of its members, with the provision that claims
in excess of premiums will be covered by the collective members of the consortium. To
mitigate this risk, the County charges sufficient premiums to County Departments and
retirees during the year to cover an estimated 10 percent contingent liability. Every year,
the consortium reviews actual claims. Based on their findings, and if no additional
amounts are needed, the County periodically reduces its contingent liability account to
zero and reimburses both County Departments and retirees. In fiscal year 2009, the
County reimbursement covered two fiscal years and totaled $1.0 million, compared to no
refund the year before. (2) Workmen’s Compensation Insurance costs are estimated at
the beginning of the year and collected during the year based on that estimate. A key
factor in determining the premium rate assigned to each position is that position’s job
classification, which carries a specific “risk” factor based on work performed. After initial
estimates had been determined for fiscal year 2009, job classifications were re-evaluated
and many positions were re-assigned to more accurate job classifications with lower
“risk” factors, resulting in lower premiums. In fiscal year 2009, this process contributed
- 19 -

toward a refund to the County of $305 thousand more than the small refund that was
received in the prior fiscal year.
Expenses for governmental activities increased by $1.5 million (1.1 percent) and transfers out to
business-type activities increased by $3.3 million, for a net increase of $4.8 million. Key positive
and negative expense changes, in order of relative importance, are:
• Education expenses decreased by a net of $4.7 million (8.2 percent), resulting from
opposing events. (1) The County increased its operating allocations to the Board of
Education by $3.2 million (7.4 percent) and to the local Community College by $10
thousand (0.6 percent). (2) Offsetting these increases, the County’s funding for Board of
Education projects decreased by $7.8 million (64.1 percent) and for Community College
projects by $179 thousand (60.8 percent). The reason the Board of Education capital
project costs decreased so dramatically is that $8.7 million was spent to renovate the
Kent Island Elementary School during fiscal year 2008, while only $866 thousand was
necessary to complete that project in fiscal year 2009.
• Public Safety expenses increased by a net of $2.9 million (13.8 percent) and were
entirely funded by the County. (1) Although overall personnel costs increased by $3.0
million from fiscal year 2008 to 2009, $1.6 million related to other post-employment
benefit costs. New in fiscal year 2009, the County implemented GASB Statements No.
43, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans,
and No. 45, Accounting and Financial Reporting By Employers for Postemployment
Benefits Other Than Pensions. Implementation of these statements required that the
County report retiree benefit information on an accrual basis within each department,
which have previously been reported on a pay-as-you-go basis. Additional details can be
found in Notes 9 and 14. (2) In addition, regular personnel costs increased overall by
$1.5 million (11.8 percent). The largest portion related to the Sheriff’s Department, which
increased by $650 thousand (14.6 percent) as a result of filling vacant Deputy Sheriff
positions and a special salary adjustment for uniformed officers. Also, Emergency
Services’ personnel costs increased by $534 thousand (11.2 percent) due to career
ladder promotions.
• General Government expenses increased by $2.2 million (19.3 percent). Of this amount,
personnel costs increased by $970 thousand (15.8 percent), of which $497 thousand
related to other post-employment benefit costs, as mentioned above in Public Safety.
Certain departments sustained noteworthy changes: (1) planning personnel costs
increased by $137 thousand (38.4 percent) because two existing vacant positions were
filled; (2) zoning personnel costs increased by $106 thousand (8.4 percent) as a result of
filling a vacant position also; and (3) the County Administrator’s Office personnel costs
increased by $77 thousand (22.1 percent) due to a change in the executive benefit
package. Of the total expense increase for General Government, loss on disposal of
capital assets increased by $970 thousand (837.7 percent), due to the donation of 40
acres of land purchased in a previous year to the Board of Education.
• Parks and Recreation expenses increased by $1.7 million (52.0 percent). (1) Of this
amount, personnel costs increased by $562 thousand (24.9 percent), primarily due to
other post-employment benefit costs of $365 thousand. (2) The rest of this increase was
due to a loss on disposal of capital assets of $1.5 million, compared to no loss in fiscal
year 2008. This loss resulted entirely from an interdepartmental transfer of capital
assets, consisting of the County’s Exhibition Center and related property. Although this
property used to be operated as a parks and recreation facility, it was renovated into a
business and tourism facility because of its prime location at Kent Narrows (see section
on gain on sale of capital assets above).
- 20 -

• Economic and Community Development expenses decreased by $1.3 million (37.7
percent). This change resulted entirely from a decrease in allocations to the Public
Housing Authority (PHA) of $1.4 million. In fiscal year 2008, the County allocated $1.7
million to the Housing Authority, which spent $907 thousand and $765 thousand,
respectively, for construction of Foxxtown Apartments and the Sudlersville Senior Center.
In fiscal year 2009, these projects were complete and only $328 thousand was allocated
to the Housing Authority.
• Transfers Out increased from $12 thousand in fiscal year 2008 to $3.4 million in fiscal
year 2009. (1) This dramatic change resulted primarily from transfers of $2.8 million from
the General Capital Projects Fund to various enterprise funds in order to bring the
negative cash and net asset balances in the enterprise funds to a zero or near-zero
balance, as these enterprise funds were never intended to be entirely self-supporting.
The transfers were made to the: Golf Course for $1.5 million, Airport for $947 thousand,
and Property Management for $314 thousand. (2) In addition, in fiscal year 2008, there
was a one-time transfer of $580 thousand from the Public Landings enterprise fund to the
General Fund to repay cash advanced for the Grove Creek Dredging Project. At the
same time, a new special revenue fund was set up and benefit assessments were levied,
to be repaid over time. There was no such transfer for fiscal year 2009.
Business-type activities:
Revenues, transfers in, and expenses for business-type activities were $12.0 million, $3.4 million,
and $13.8 million, respectively, for fiscal year 2009. The following two charts depict revenues by
source and expenses by service for business-type activities:
Revenues by Source -
Revenues by Source -
Business-Type Activities
Business-Type Activities
For the Year Ended June 30, 2009
For the Year Ended June 30, 2009
Miscellaneous
Investment income
7.7%
5.0%
Miscellaneous
Investment income
7.7%
5.0%
Charges for
Operating & capital
services
grants &
78.2%
contributions
Charges for
Operatin9g.1 &% capital
services
grants &
78.2%
contributions
9.1%
- 21 -

Expenses by Service -
Business-Type Activities
For the Year Ended June 30, 2009
Public marinas Airport
0.3% 6.4%
Water and sewer
Parks and
77.5%
recreation
15.8%
Business-type activities increased the County’s net assets altogether by $1.5 million in fiscal year
2009, which was $400 thousand (20.7 percent) less than the prior year’s increase of $1.9 million.
The fiscal year 2009 change in net assets resulted primarily from:
• Charges for services decreased by $270 thousand (2.8 percent), from $9.6 million to $9.4
million. This change was almost exclusively due to reduced demand for sewer
allocations in the Restricted Fund, compared to the prior fiscal year.
• Capital grants decreased by $2.0 million (66.0 percent), but still added over $1.0 million
to funding. The net decrease in funding resulted from $1.1 million less for sewer capital
projects; $800 thousand less for water capital projects; and $94 thousand less for airport
capital projects. In general, these decreases reflect completion of more capital projects
in fiscal year 2008 than in fiscal year 2009, and receipt in fiscal year 2008 of associated
grant funding for those completed projects.
• Investment income decreased by $280 thousand (32.0 percent) even though cash on
hand increased by $565 thousand from fiscal year 2008 to fiscal year 2009. This
decrease was a direct result of lower interest rates. The average daily rate of interest
earned on County investments in the MLGIP decreased throughout the fiscal year, from
2.1% at June 30, 2008 to 0.47% at June 30, 2009.
• Transfers in increased from $12 thousand in fiscal year 2008 to $3.4 million in fiscal year
2009. This dramatic change resulted primarily from transfers of $2.8 million from the
General Capital Projects Fund to various enterprise funds in order to bring the negative
cash and net asset balances in the enterprise funds to a zero or near-zero balance, as
these enterprise funds were never intended to be entirely self-supporting. The transfers
were made to the: Golf Course for $1.5 million, the Airport for $947 thousand, and to
Property Management for $314 thousand. In addition, in fiscal year 2008 there was a
one-time transfer of $580 thousand from Public Landings to reimburse the General Fund
advancing cash in fiscal year 2007 for the Grove Creek Dredging Project. There was no
such transfer out in fiscal year 2009.
• Operating expenses before transfers increased by $1.2 million (9.1 percent), from $12.6
million to $13.8 million, for all business-type activities. This change results from several
significant factors: (1) New in fiscal year 2009, the County implemented GASB
Statements No. 43, Financial Reporting for Postemployment Benefit Plans Other Than
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Pension Plans, and No. 45, Accounting and Financial Reporting By Employers for
Postemployment Benefits Other Than Pensions. Implementation of these statements
required that the County report information on an accrual basis related to retiree benefits,
which have previously been reported on a pay-as-you-go basis. This new reporting
requirement generated an additional $680 thousand in expenses for business-type
activities. (2) Depreciation expense for the Sanitary District increased by $1.8 million,
resulting primarily from completion of the new BNR/ENR sewer treatment plant, which
created about $33.0 million in new depreciable assets. (3) Sanitary District collection
expenses increased by $300 thousand, largely as a result of increased equipment repair
costs reflecting emergency repairs to replace a leaking portion of sewer force mains, and
also repairs to equipment that was damaged in the normal course of business. (4)
Interest expense increased by $180 thousand, primarily due to a new Water Quality
Revolving Loan Fund loan used to fund construction of the new BNR/ENR sewer
treatment plant. Two events offset these expense increases. (1) In fiscal year 2008,
sewer operations had a $2.1 million one-time loss on disposal of capital assets resulting
from commission of the new BNR/ENR Sewer treatment plant; no such disposals took
place in fiscal year 2009. (2) In fiscal year 2008, Public Landings re-categorized $167
thousand of expenses relating to the Grove Creek Dredging Project; this one-time
adjustment was not needed in fiscal year 2009.
Financial Analysis of the Government’s Funds
As noted earlier, Queen Anne’s County Government uses fund accounting to ensure and
demonstrate compliance with finance related legal requirements. Detailed financial data based
on the government’s fund accounting can be found in the governmental fund statements in this
report.
Governmental Funds: The focus of Queen Anne’s County Government’s governmental funds is
to provide information on near term inflows, outflows, and balances of spendable resources.
Such information is useful in assessing Queen Anne’s County Government’s near term financing
requirements. In particular, unreserved fund balance may serve as a useful measure of a
government’s net resources available for spending at the end of a fiscal year.
As of the end of the current fiscal year, Queen Anne’s County Government’s governmental funds
reported combined ending fund balances of $36.5 million, compared to $46.2 million for the prior
year. Approximately 1.84 percent of this total ($672 thousand) constitutes unreserved
undesignated fund balance, which is available for spending at the government’s discretion.
The reserved fund balance, at 70.26 percent of total fund balance ($25.7 million), is not available
for new spending because it has already been reserved for prior period commitments and legal
restrictions. Reserved fund balances have been committed: (1) to liquidate contracts, purchase
orders, and capital commitments of the prior period ($8.7 million); (2) to cover loan receivable
balances ($3.6 million) and contingencies ($7.3 million); (3) to segregate Critical Areas and
Agricultural Transfer Tax collections that are legally committed to land preservation programs
($1.1 million); (4) to restrict the unspent portion of Federal confiscated funds received ($1.1
million); (5) to segregate Highway User Tax that is restricted by State mandate to maintain
County roads ($2.4 million); and (6) to earmark other monies for a variety of other specific
purposes ($1.5 million).
The remaining 27.89 percent of fund balance ($10.2 million) constitutes unreserved designated
fund balances. These amounts have been designated for subsequent year’s operating and
capital budgets ($6.3 million and $3.9 million, respectively) and are recorded in the County’s
budget documents as beginning resources to fund expenditures.
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The General Fund is the chief operating fund of Queen Anne’s County Government. At the end
of the current fiscal year, the unreserved undesignated fund balance of the General Fund is $76
thousand, which is available for spending, out of a total fund balance of $15.0 million. As a
measure of the General Fund’s liquidity, it may be useful to compare both unreserved
undesignated fund balance and total fund balance to total General Fund expenditures and other
financing uses ($99.2 million plus 2.6 million = $101.8 million). The unreserved undesignated
fund balance of $76 thousand represents 0.075 percent of the total General Fund expenditures
and other financing uses, while total fund balance of $15.0 million represents 14.76 percent of
that same amount. Of this total fund balance, $7.3 million has been set aside to cover
unforeseen contingencies.
During the current fiscal year, the total fund balance of the government’s General Fund increased
by $2.1 million, compared to a decrease of $9.5 million in total fund balance at the end of fiscal
year 2008. This $7.4 million net change was virtually all due to reduced spending of $7.2 million,
as shown in the following table:
General Fund Increase
Expenditures and Transfers Out 2009 2008 (Decrease)
Expenditures
Education $ 4 8,856,359 $ 45,610,824 $ 3,245,535
Public Safety 2 0,083,251 18,438,978 1,644,273
General Government 9 ,871,927 9,419,224 452,703
Debt Service 7 ,843,837 8,011,934 (168,097)
Other 1 2,553,738 12,460,910 92,828
Subtotal Expenditures 99,209,112 93,941,870 5,267,242
Other Financing Uses - Transfers Out to:
General Capital Projects Fund 2 1,483 12,176,028 (12,154,545)
Agricultural Transfer Tax Fund 32,000 167,000 (135,000)
Impact Fees - Fire Companies/Contingencies 37,069 156,191 (119,122)
Department of Aging 1 ,622,471 1,663,342 (40,871)
Other Funds 8 60,589 869,967 ( 9,378)
Subtotal Transfers Out 2 ,573,612 15,032,528 (12,458,916)
Total Expenditures and Transfers Out $ 1 01,782,724 $ 108,974,398 $ ( 7,191,674)
Although the County increased expenditures in the General Fund by a total of $5.3 million, as
noted in the table above, the reason spending decreased is entirely due to a $12.2 million
reduction in transfers out from the General Fund to the General Capital Projects Fund. During
fiscal year 2008, $8.7 million was spent in the General Capital Projects Fund to renovate the Kent
Island Elementary School, another $1.3 million was needed to purchase land ideally situated for a
future court house, and a number of smaller projects were under construction. Although these
two projects, along with several smaller projects, were due to be funded with bond proceeds,
issuance of the bonds was postponed from fiscal year 2008 to early fiscal year 2010. To cover
this temporary cash shortfall, a total of $12.2 million in cash was transferred from the General
Fund to the General Capital Projects Fund during fiscal year 2008 as a one-time transfer. During
fiscal year 2009, no further transfers were needed, as the school renovation was virtually
complete and the land had been purchased. In November 2009, which is fiscal year 2010, the
bonds were issued and monies were allocated to cover a number of capital projects completed in
prior years, including these projects.
Altogether, the General Fund spent and/or transferred $7.2 million less in fiscal year 2009 than it
did in fiscal year 2008, as shown in the table above.
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For further explanations of General Fund revenues and expenditures, see the General fund
Budgetary Highlights section of this MD&A.
The General Capital Projects Fund is the fund in which the County completes all capital projects
related to governmental funds, except capital projects related to the Roads Department. The
latter projects are accounted for in the Roads Capital Projects Fund, so that Highway User Tax
revenues remain separate.
As of June 30, 2009, the General Capital Projects Fund has a total fund balance of $4.8 million,
of which $7.7 million is reserved to meet capital commitments of the prior period, leaving an
unrestricted deficit of $2.9 million. Usually such a deficit indicates that the Fund is
overcommitted. However, this deficit results from the need to complete the Kent Island
Elementary School renovation and purchase a specific property, as explained above, during fiscal
years 2008 and 2009, while waiting to fund those projects with bond proceeds until fiscal year
2010. In November 2009, which is fiscal year 2010, the County issued bonds for $29.9 million,
thereby replenishing financial resources in this fund.
Proprietary funds: Queen Anne’s County Government’s enterprise fund statements provide the
same type of information found in the government-wide financial statements, but in more detail.
Also, due to/due from other funds are combined in the government-wide statements and reported
as Internal Balances between governmental and business-type activities, which net to zero.
Total unrestricted net assets of the Sanitary District Enterprise Funds at the end of fiscal year
2009 amounted to $14.1 million, which is $448 thousand less than the prior year. Total net
assets amounted to $76.9 million at the end of fiscal year 2009, which decreased by $1.1 million
during that year. These decreases resulted primarily from two events: (1) the new BNR/ENR
sewer treatment plant was depreciated for its first full year in operation, resulting in an increase in
depreciation expense of $1.8 million and (2) the County implemented GASB Statement 43, Other
Post Employment Benefits (OPEB), thereby increasing operating expenses by $567 thousand
due to recognition of other post-employment benefits (OPEB) for the current year.
The total unrestricted net assets of the Bay Bridge Airport Enterprise Fund at year end amounted
to $74 thousand, which is $800 thousand more than the prior year’s $726 thousand deficit. Total
net assets amounted to $12.4 million at the end of fiscal year 2009, which increased by $1.0
million during the year. These increases were entirely due to a transfer in from the General Fund
of $1.0 million, which brought the Airport’s unrestricted net assets to a positive figure. Although
the Airport is an enterprise fund, it is intended to be only partially self-supporting and this transfer
corrected a cumulative deficit.
A discussion of Enterprise Fund capital assets and long-term debt can be found in those sections
presented later in this MD&A.
General Fund Budgetary Comparisons
The County adopts an operating budget for the General Fund as of July 1 each year and amends
that budget throughout the year in response to actual events. Three Schedules detail these
events: summary, revenues and expenditures. These schedules can be found as part of
Required Supplemental Information, which is located after the Notes on pages 109 through 113.
These Schedules report original and final budgets, as well as the variance between actual events
and final budgets.
Original to Final Budget Comparisons. The final expenditure budget for the General Fund,
including transfers out, totaled $105.7 million. Amendments increased spending authority by $1.6
million during fiscal year 2009, when compared to the original budget of $104.1 million.
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Major components of these expenditure budget increases are as follows:
• Public Safety budgeted expenditures increased by $1.2 million, of which $709 thousand
was for the Sheriff’s Office and $483 thousand was for Emergency Services. (1) Of the
Sheriff Office’s budget increase, $517 thousand utilizes federal funds confiscated from
multi-agency enforcement cases to purchase capital equipment items and $168 thousand
reflects grants awarded in fiscal year 2009 to pay overtime and benefits for deputies to
provide security for County school and community events. (2) Of the Emergency
Services’ budget increase, $475 thousand was added to take advantage of new
Homeland Security grant awards, primarily to purchase capital equipment and fund a new
position to assist with emergency planning.
• Public Works budgeted expenditures increased by $193 thousand, of which $171
thousand was for Solid Waste disposal. (1) Per an ongoing agreement, $95 thousand
was allocated from the Rubble Surcharge Fund to an outside contractor to purchase
equipment to perform specific work for the County’s benefit. (2) Another $65 thousand
authorized payment for contractual commitments that were approved in fiscal year 2008
but not completed until the following year. (3) A final $12 thousand was reclassified from
other General Fund departments to haul recycling materials from “cooperative” entity
locations to the County’s Recycling collection location.
• Health Department budgeted expenditures increased by $101 thousand. This was for
increased allocations to that department for general operations and to augment the
County’s Adult Day Care effort.
• Miscellaneous budgeted expenditures increased by $101 thousand; virtually all was to
cover OPEB costs, which were offset by reductions in other departments.
Budget to Actual Comparisons. Actual revenues for the General Fund, including other financing
sources and before appropriated fund balance, were less than final budgetary estimates by $1.2
million. Actual expenditures, and other financing uses, were less than final budgetary
appropriations by $3.9 million. The net effect of these two opposing events was a positive
variance of actual to final budget of $2.7 million.
The most noteworthy differences between final budgeted amounts and actual amounts are
summarized as follows:
Revenues:
• Property tax revenue was $107 thousand less than expected (0.2 percent). This slight
variance resulted from relatively static property values, resulting in predictable tax
revenues. The property tax estimate consisted of the original tax levy, based on property
assessments completed prior to July 1, and the mid-year levy, based on property
changes and construction through December 31.
• Local Income tax revenue was only $13 thousand less than expected (0.04 percent), due
to a fortuitous initial estimate.
• Recordation tax revenue was $1.1 million less than expected (27.9 percent). For a
discussion of recordation tax receipts, see the Statement of Activities – governmental
changes in net assets, earlier in this MD&A.
• Intergovernmental revenue was $250 thousand less than budgeted (11.1 percent). This
amount consisted of grants and fees due to the Department of Emergency Services. (1)
A grant of $429 thousand was awarded by Homeland Security, of which $211 thousand
was spent and received during fiscal year 2009; the remaining $218 thousand will be
- 26 -

eligible for reimbursement if spent appropriately through May 2011. (2) In addition,
telephone 911 fees were estimated at $400 thousand, but $342 thousand were received,
resulting in a shortfall of $58 thousand.
• Charges for current services were $278 thousand less than expected (13.5 percent).
Over half of this variance, or $165 thousand, was due to lower than estimated ambulance
fees collected. These fees are due to volunteer fire companies when they respond to
emergency calls. They are difficult to estimate because a component of the fee is a
voluntary payment and the fees may be shared if volunteer ambulances are part of the
response team.
• Investment income was $1.1 million less than expected (72.6 percent), due almost
exclusively from decreasing interest rates throughout the year. For more information, see
the Statement of Activities – governmental changes in net assets, earlier in this MD&A.
• Miscellaneous Revenues and Donations were $1.7 million more than budgeted. Of this
category, the Miscellaneous portion consists of items that are unpredictable in nature and
are not budgeted. Three events make up virtually all of this year’s miscellaneous
revenue, none of which was budgeted. (1) Reimbursement of “contingent liability”
amounts relating to healthcare costs were received in the amount of $1.0 million and (2)
a similar reimbursement of workmen’s compensation contributions, based on annual
audited wages, were received in the amount of $546 thousand. These two events can be
positive (reimbursements) or negative (expenditures), depending on circumstances for
the particular year, and are explained on page 19. For fiscal year 2009, both of these
events were reimbursements, resulting in a positive variance related to the final budget.
(3) Another $99 thousand was received for rubble surcharge fees, which are reserved at
year end to support the County’s multi-year recycling effort, and are also not budgeted.
Expenditures:
• Final Budgeted Salaries and Benefits were $28.2 million for the year, while actual costs
were $26.4 million. They remained unspent at year-end by $1.8 million (6.4 percent). Of
this amount, public safety was responsible for the majority of the unspent portion ($874
thousand), while general government and public works accounted for most of the rest
($414 thousand and $265 thousand, respectively). This was due to routine turnover and
vacant positions. Note that the lump-sum final budget for Salary Reversions was $338
thousand, yielding a net positive variance of $1.5 million for salaries and benefits.
• Final Budgeted Other Operating Charges were $76.0 million for the year, while actual
costs were $74.7 million. These costs were lower than budget at year end by $1.3 million
(1.8 percent). Operating Charges include contracted services, supplies, debt service,
transfers out, and other charges.
o Contracted Services were underutilized by $536 thousand, primarily in public
safety ($300 thousand) and general government ($173 thousand). The largest
line-item savings were for: detention center medical fees ($163 thousand); land
use and zoning inspection fees ($76 thousand); fire chiefs’ association
miscellaneous services ($46 thousand); and detention center food services ($23
thousand).
o Supplies were under spent by $295 thousand, primarily in public works ($125
thousand), public safety ($57 thousand) and general government ($49 thousand).
The largest line-item savings were for equipment repair supplies related to solid
waste ($94 thousand) and the sheriff’s office ($22 thousand).
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o Transfers Out were underutilized by $523 thousand, mainly for the Department of
Aging ($337 thousand) and Housing and Community Services ($81 thousand).
These transfers did not take place because eligibility criteria were not met.
• Final Budgeted Capital Outlay was $1.5 million for the year, while actual costs were $750
thousand. Capital outlay was underspent by $707 thousand (48.5 percent), mostly in
public safety ($469 thousand) and public works ($183 thousand), for a variety of reasons
relating to the specific items to be purchased.
Capital Assets and Debt Administration
Capital assets: Queen Anne’s County Government’s investment in capital assets for its
governmental and business-type activities as of June 30, 2009 amounts to $237.5 million (net of
accumulated depreciation). This investment in capital assets includes land and land
improvements, construction in progress, buildings, improvements other than buildings,
infrastructure, autos, machinery and equipment.
Capital asset activities, net of depreciation, are summarized as follows:
Governmental Activities Business Type Activities Total
Capital Assets, Net of Depreciation 2009 2008 2009 2008 2009 2008
Land and Land Improvements $ 78,853,728 $ 78,661,539 $ 1 4,209,466 $ 14,012,881 $ 9 3,063,194 $ 9 2,674,420
Construction in Progress 14,157,439 10,070,812 1 ,475,247 2,072,670 1 5,632,686 1 2,143,482
Buildings 20,418,727 20,310,045 1 3,089,146 13,308,995 3 3,507,873 3 3,619,040
Improvements other than Buildings 4,135,066 4,005,066 4 ,389,205 3,931,371 8 ,524,271 7 ,936,437
Infrastructure 9,197,613 8,892,964 5 0,059,533 50,998,221 5 9,257,146 5 9,891,185
Auto, Machinery, and Equipment 10,846,026 10,934,460 1 6,677,818 17,546,403 2 7,523,844 2 8,480,863
Total $ 137,608,599 $ 132,874,886 $ 9 9,900,415 $ 101,870,541 $ 2 37,509,014 $ 2 34,745,427
Queen Anne’s County’s total investment in capital assets for the current fiscal year, net of
depreciation, increased by 1.2 percent, or $2.8 million. Of this amount, governmental investment
in capital assets increased by $4.7 million, of which $4.1 million related to construction in
progress, while business-type investment in capital assets decreased by $2.0 million, due entirely
to depreciation expense ($3.7 million).
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Changes in the County’s capital assets are summarized as follows, with depreciation shown
separately. Completed projects that were reclassified from construction in progress (CIP) to other
asset accounts during the year are reported in the same column, as retirements from CIP and
transfers to other asset accounts.
Governmental Activities
Retirements
Changes in Capital Assets 2008 Additions and Transfers 2009
Land and Land Improvements $ 78,661,539 $ 1,122,638 $ (930,449) $ 78,853,728
Construction in Progress 10,070,812 6,040,429 (1,953,802) 14,157,439
Buildings 27,516,120 1,326,717 (879,623) 27,963,214
Improvements other than Buildings 4,667,381 77,570 1 82,726 4,927,677
Infrastructure 14,876,235 1,695 6 00,359 15,478,289
Auto, Machinery, and Equipment 25,258,536 1,810,154 (56,123) 27,012,567
Total Assets before depreciation 161,050,623 10,379,203 (3,036,912) 168,392,914
Less Depreciation ( 28,175,737) ( 3,049,539) 4 40,961 (30,784,315)
Total Assets after depreciation $ 132,874,886 $ 7,329,664 $ (2,595,951) $ 137,608,599
Business-Type Activities
Retirements
Changes in Capital Assets 2008 Additions and Transfers 2009
Land and Land Improvements $ 14,012,881 $ 4,355 $ 1 92,230 $ 14,209,466
Construction in Progress 2,072,670 745,731 (1,343,154) 1,475,247
Buildings 17,722,910 5,164 4 58,420 18,186,494
Improvements other than Buildings 5,712,571 14,867 6 79,952 6,407,390
Infrastructure 67,333,164 682,936 - 68,016,100
Auto, Machinery, and Equipment 22,794,147 248,491 1 2,552 23,055,190
Total Assets before depreciation 129,648,343 1,701,544 - 131,349,887
Less Depreciation ( 27,777,801) ( 3,671,671) - (31,449,472)
Total Assets after depreciation $ 101,870,542 $ ( 1,970,127) $ - $ 99,900,415
Noteworthy capital asset events during the current fiscal year for governmental activities included
the following:
• Land and Land Improvements increased by $1.1 million and decreased by a net of $931
thousand. Additions include two tracts of undeveloped land, located in Chester and
Grasonville, that were purchased for $505 thousand and $603 thousand, respectively.
The first parcel is earmarked for use by Parks and Recreation, while the future use of the
latter parcel is still being evaluated. Retirements and Transfers consist of one large land
retirement offset by three small additions. During fiscal year 2007, a parcel of land,
located near Sudlersville and consisting of 142 acres, was acquired with the
understanding that 40 acres of that land would be transferred to the Board of Education
for their use, but only after certain events had transpired. During fiscal year 2009, all
requirements had been met and the property, valued at $1.1 million, was permanently
transferred to the Board of Education. Offsetting this transaction were reclassifications to
land and land improvements from construction in progress, which include three parcels to
augment various County walking trails, located as follows: Sudlersville Park ($44
thousand); Church Hill ($42 thousand); and Kent Island South Trail Spur/Chews Manor
($47 thousand).
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• Construction in Progress (CIP) increased by $6.0 million and decreased by $2.0 million.
Additions include projects still under construction at year end such as: expansion of the
existing Detention Center Facility ($2.3 million); development of White Marsh Park ($1.1
million); construction of a County Transit Garage ($949 thousand); upgrade of the
Centreville Recycling Facility ($345 thousand); improvement of the local 4-H Park ($293
thousand); renovation of the Matapeake Club House facility ($244 thousand); upgrade of
Wells Cove Public Landing ($186 thousand); and construction of infrastructure to access
the new Emergency Room Medical facility associated with the University of Maryland
medical system and located in Grasonville ($185 thousand). Retirements and Transfers
consist almost entirely of CIP projects completed during the year and transferred to other
asset accounts. The larger projects include: reconstruction of the Groff Road Bridge
($602 thousand); completion of a salt storage shed for Roads ($209 thousand);
renovation of the animal control building ($122 thousand); and purchase of turf
equipment for park maintenance ($112 thousand).
• Buildings and Improvements increased by $1.3 million and decreased by $880 thousand.
Additions include the following projects: renovation of the animal control viewing rooms
and roof ($122 thousand); construction of a roads salt storage building ($229 thousand),
as noted above; and construction of the Sudlersville Park restroom and improvements
($109 thousand). In addition, the Chesapeake Exploration and Visitor Center ($886
thousand) was re-assigned from the Parks and Recreation Department to the Economic
Development Office, to reflect current use of this property.
• Infrastructure increased by $602 thousand. This was entirely due to completion of a
Roads project which was previously reported as construction in progress: reconstruction
of the Groff Road Bridge ($602 thousand).
• Auto, Machinery and Equipment increased by $1.8 million and decreased by $56
thousand. In addition to routine vehicle and equipment purchases and attrition, the
County purchased the following items: three passenger buses to augment their “County
Ride” public transportation system ($369 thousand); four tractors to maintain the roads
($255 thousand); a Sheriff’s Department-wide vehicle camera system to improve officer
safety ($166 thousand); heavy equipment to better handle solid waste ($158 thousand);
an ambulance for emergency operations ($132 thousand); and a Sheriff’s Department-
wide vehicle laptop system to improve officer efficiency ($126 thousand).
Noteworthy capital asset events during the current fiscal year for business-type activities included
the following:
• Construction in Progress (CIP) increased by $746 thousand and decreased by $1.3
million. Additions include: installation of a new well for the County’s Business Park
($289 thousand); improvements to site to expand the Airport northward ($133 thousand);
improvements to site to augment the Airport’s runway approach ($105 thousand);
renovation of the Airport Building ($74 thousand); and reconstruction of the Little Creek
public landing ($62 thousand). Retirements and Transfers consist entirely of CIP projects
completed during the year and transferred to other asset accounts. The largest of these
projects include: replacement of the Romancoke Pier ($581 thousand); renovation of
Christ Church as an historic structure ($348 thousand); and final purchase of property
located adjacent to the Airport ($139 thousand).
• Buildings increased by $464 thousand. Additions include renovation of Christ Church as
an historic structure ($348 thousand), reclassified from CIP above.
• Improvements Other than Buildings increased by $695 thousand. Additions include
replacement of the Romancoke Pier ($581 thousand), reclassified from CIP above.
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• Infrastructure increased by $683 thousand, due entirely to developer-contributed
improvements to extend or upgrade the County’s water and sewer lines ($212 thousand
and $471 thousand, respectively), thereby linking developer-owned property to the
Sanitary District system.
Additional information on the County’s capital assets can be found in Note 6 of this report.
Long-term debt: At the end of the current fiscal year, Queen Anne’s County Government had
total bonded debt, loans, capital leases, other post-employment benefit obligations, and
compensated absence obligations of $95.4 million for its governmental and business-type
activities.
The full faith, credit and unlimited taxing power of the County are irrevocably pledged to the levy
and collection of taxes in order to provide for the payment of principal and interest due on the
bonded debt.
Of this $95.4 million in debt, $24.0 million is considered to be self-supporting, in that obligations of
the County’s enterprise funds will be funded through charges and assessments related to the
operations of those funds. In addition, the Sanitary District’s Debt Service Fund holds total assets
of $6.7 million, which are restricted to payment of the Sanitary District’s subsequent year’s debt.
See Note 10 on pages 89 to 91 for restricted assets and subsequent year debt service
obligations.
Debt activities are summarized as follows:
Bonded Debt, Loans, and Governmental Activities Business Type Activities Total
Compensated Absences 2009 2008 2009 2008 2009 2008
Bonds, Notes, Premiums and
Deferred Debt Costs $ 6 5,480,470 $ 7 0,663,063 $ 2 3,083,523 $ 2 5,005,991 $ 8 8,563,993 $ 9 5,669,054
Other Post-Employment Benefit Obligation 3 ,688,090 - 6 15,955 - 4 ,304,045 -
Compensated Absences 2 ,243,389 1 ,969,026 2 64,322 2 43,176 2,507,711 2 ,212,202
Total Long-term Debt $ 7 1,411,949 $ 7 2,632,089 $ 2 3,963,800 $ 2 5,249,167 $ 9 5,375,749 $ 9 7,881,256
During the current fiscal year, the County’s total net debt decreased by $2.5 million (2.6 percent).
Of this amount, governmental debt decreased by $1.2 million (1.7 percent), while business-type
debt decreased by $1.3 million (5.1 percent). In general, these changes reflected changes in
accruals, plus the County’s repayment of existing debt in accordance with established repayment
schedules for bonds, notes, and capital lease agreements.
Additional information on the County’s long-term debt can be found in Note 9, pages 80 to 88, of
this report.
The public local laws of Queen Anne’s County limit the amount of general obligation debt to no
more than $8.0 million, unless authorized under specific legislation. Currently, approximately
$6.9 million of this authority is available. All other debt has been authorized under specific
legislation. Additional information on the computation of the legal debt margin can be found in
Table 12 of the Statistical Section of this report.
During the fiscal year 2009, Queen Anne’s County Government continued to maintain an “AA”
rating from Fitch Rating Service and an “A1” rating from Moody’s Investors Service.
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Economic Factors and Next Year’s Budget and Rates
The following economic factors were considered in preparing Queen Anne’s County
Government’s operating and capital budgets for the 2010 fiscal year:
• Property assessments are projected to grow by 6.3 percent over the previous year,
based on State Assessment Office values used to compute the Constant Yield rate.
• For the 2010 fiscal year, the County Commissioners adopted a property tax rate of $.770
per $100 of assessed value of real property, based on full cash value of that property.
This is the same rate used for the 2009 fiscal year.
• Income tax revenue is projected to remain virtually flat compared to the previous year.
• During budget deliberations, the County considered the following risk management
options and incorporated them into the finished document to a degree:
o Postponing capital projects based on cost/benefit considerations; and
o Using bond proceeds to fund capital projects in lieu of pay-as-you-go to preserve
cash.
• In the past, the County funded all roads’ maintenance with Highway User Tax revenue
received from the State. Early in fiscal year 2010, the State reduced its distribution of
Highway User Tax from over $5.0 million in fiscal year 2009 to $260 thousand in fiscal
year 2010. In response, the County amended its fiscal year 2010 budget by transferring
$4.7 million from the General Fund to the Roads Operating Fund and re-allocating certain
other Roads expenditures. The net effect is to replace Highway User Tax revenue with
County funding to maintain County roads during fiscal year 2010.
• In November 2009, which is fiscal year 2010, the County issued bonds for $29.9 million.
Funds from these bonds were allocated to cover a number of capital projects, in keeping
with bond covenants, for which most expenditures had been made in fiscal years 2008
and 2009.
Requests for information
This financial report is designed to provide a general overview of Queen Anne’s County
Government’s finances for all those with an interest in the government’s finances. Questions
concerning any of the information provided in this report or requests for additional information
should be addressed to the Chief Accounting Officer, Queen Anne’s County Finance Office, 107
N. Liberty Street, Centreville, Maryland 21617. This report can also be found on the County’s
website, http://www.qac.org (see Departments, Finance, Financial Reports and Forms, Link to
2009 Comprehensive Annual Financial Report (CAFR)).
- 32 -

Basic Financial Statements
- 33 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF NET ASSETS
JUNE 30, 2009
PRIMARY GOVERNMENT
GOVERNMENTAL BUSINESS-TYPE
ACTIVITIES ACTIVITIES TOTAL
ASSETS
Equity in Pooled Cash and Investments $ 31,466,487 $ 8,883,273 $ 40,349,760
Cash and Cash Equivalents - - -
Taxes Receivable (Net) 3 40,185 - 3 40,185
Accounts and Loans Receivable (Net) 3 ,871,551 635,057 4 ,506,608
Special Assessments (Net) 1 ,341,910 - 1 ,341,910
Internal Balances 40,507 (40,507) -
Due from Primary Government - - -
Due from Component Units 4 54,157 - 4 54,157
Due from Other Governments 1 6,516,890 124,310 1 6,641,200
Inventories 3 92,307 377,148 7 69,455
Prepaid Items 16,067 9,950 26,017
Restricted Assets:
Equity in Pooled Cash and Investments - 12,449,980 1 2,449,980
Investments - - -
Accounts Receivable (Net) - 51,141 51,141
Special Assessments Receivable (Net) - 3,977,350 3 ,977,350
Capital Assets:
Nondepreciable Assets 9 3,011,167 15,684,713 108,695,880
Depreciable Assets, Net 4 4,597,432 84,215,702 128,813,134
Total Assets 192,048,660 126,368,117 318,416,777
LIABILITIES
Accounts Payable and Other Current Liabilities 2 ,900,912 555,031 3 ,455,943
Accrued Interest Payable 8 03,131 148,558 9 51,689
Due to Primary Government - - -
Due to Component Units 635,771 - 635,771
Due to Other Governmental Agencies 6 23,955 - 6 23,955
Unearned Revenue 2 ,544,592 809,449 3 ,354,041
Escrow Deposits - 55,046 55,046
Liabilities Payable from Restricted Assets:
Unearned Revenue - 3,802,870 3 ,802,870
Noncurrent Liabilities:
Due within One Year 6 ,620,689 2,178,420 8 ,799,109
Due in More than One Year 6 4,791,260 21,785,380 8 6,576,640
Total Liabilities 7 8,920,310 29,334,754 108,255,064
NET ASSETS
Invested in Capital Assets, Net of Related Debt 123,217,989 77,146,688 200,364,677
Restricted for:
Governmental Activities 1 6,582,660 - 1 6,582,660
Debt Service - 4,020,982 4,020,982
Capital/Debt Service - 7,486,611 7,486,611
Business-type Operations - 7,625,782 7 ,625,782
Capital Projects - 753,300 7 53,300
Other Purposes - - -
Unrestricted Net Assets (Deficit) (26,672,299) - (26,672,299)
Total Net Assets $ 113,128,350 $ 97,033,363 $ 210,161,713
The accompanying notes to the basic financial statements are an integral part of this statement.
- 34 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF NET ASSETS
JUNE 30, 2009
(CONTINUED)
COMPONENT UNITS
BOARD OF FREE HOUSING
EDUCATION LIBRARY AUTHORITY
$ - $ - $ 1,059,036
11,629,219 625,634 333,652
- - -
5 58,527 17,589 6,727
- - -
- - -
1,125,352 - -
- - -
6 04,299 - 630,578
4 4,180 - -
5 9,471 1 ,100 76,087
- 634,754 -
- - 100,867
- - -
- - -
25,133,888 29,850 10,023,637
109,644,191 879,102 12,521,341
148,799,127 2,188,029 24,751,925
9,875,094 65,901 61,625
- - 12,133
- - 454,157
- - -
- - -
4 40,064 - 20,849
- - 100,867
- - -
2 86,701 - 68,485
5,104,067 139,766 1,764,358
15,705,926 205,667 2,482,474
134,614,383 908,952 20,712,135
- - -
- - -
- - -
- - -
1 2,313 - 2,125,296
7 8,983 10,500 -
(1,612,478) 1,062,910 (567,980)
$ 133,093,201 $ 1,982,362 $ 22,269,451
The accompanying notes to the basic financial statements are an integral part of this statement.
- 35 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2009
PRIMARY GOVERNMENT
OPERATING CAPITAL
CHARGES FOR GRANTS AND GRANTS AND TOTAL
FUNCTIONS EXPENSES SERVICES CONTRIBUTIONS CONTRIBUTIONS REVENUE
PRIMARY GOVERNMENT
Governmental Activities
General Government $ 13,317,683 $ 1 ,055,945 $ 403,018 $ 5,567 $ 1 ,464,530
Public Safety 23,570,049 1,394,463 1,266,869 273,176 2,934,508
Public Works 10,237,718 714,765 7,566,648 298,500 8,579,913
Health 1,590,004 - - - -
Social Services 5,617,621 68,386 2,928,291 348,124 3,344,801
Education 53,296,238 740,213 8,050 161,673 909,936
Parks & Recreation 5,060,018 240,954 509 1,087,329 1,328,792
Library 1,414,008 - - - -
Conservation of Natural Resources 2,473,308 97,481 55,847 691,085 844,413
Economic/Community Development 2,197,116 4,786 6 41,305 - 646,091
Interest and Fiscal Charges 2,831,002 - - - -
Total Governmental Activities 121,604,765 4,316,993 12,870,537 2,865,454 2 0,052,984
Business-type Activities
Water and Sewer 10,689,782 7,695,100 - 682,935 8,378,035
Parks & Recreation 2,178,163 1,526,244 45,824 69,068 1,641,136
Public Marinas 3 8,050 100,250 - - 100,250
Airport 879,906 34,907 - 289,112 324,019
Total Business-type Activities 13,785,901 9,356,501 45,824 1,041,115 1 0,443,440
Total Primary Government $ 1 35,390,666 $ 13,673,494 $ 12,916,361 $ 3,906,569 $ 30,496,424
COMPONENT UNITS
Board of Education $ 98,171,138 $ 1 ,647,805 $ 17,565,782 $ - $ 19,213,587
Free Library 1,836,342 7,727 1 08,132 - 115,859
Housing Authority 2,875,677 1,090,628 1,247,615 921,898 3,260,141
Total Component Units $ 1 02,883,157 $ 2 ,746,160 $ 18,921,529 $ 921,898 $ 22,589,587
General Revenues
Local Property Tax
Local Income Tax
Other Local Taxes
Admission and Amusement Taxes
Recordation Taxes
Hotel Taxes
County Transfer Taxes
Grants and Contributions Not Restricted to Specific Programs
Investment Income
Gain on Sale of Capital Assets
Miscellaneous
Transfers In (Out)
Total General Revenues and Transfers
Change in Net Assets
Total Net Assets - Beginning of Year
Total Net Assets - End of Year
The accompanying notes to the basic financial statements are an integral part of this statement.
- 36 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
NET (EXPENSE) REVENUE AND CHANGES IN NET ASSETS
PRIMARY GOVERNMENT COMPONENT UNITS
GOVERNMENTAL BUSINESS-TYPE BOARD OF FREE HOUSING
ACTIVITIES ACTIVITIES TOTAL EDUCATION LIBRARY AUTHORITY
$ (11,853,153) $ - $ (11,853,153) $ - $ - $ -
(20,635,541) - (20,635,541) - - -
(1,657,805) - (1,657,805) - - -
(1,590,004) - (1,590,004) - - -
(2,272,820) - (2,272,820) - - -
(52,386,302) - (52,386,302) - - -
(3,731,226) - (3,731,226) - - -
(1,414,008) - (1,414,008) - - -
(1,628,895) - (1,628,895) - - -
(1,551,025) - (1,551,025) - - -
(2,831,002) - (2,831,002) - - -
(101,551,781) - (101,551,781) - - -
- (2,311,747) (2,311,747) - - -
- (537,027) ( 537,027) - - -
- 62,200 62,200 - - -
- (555,887) ( 555,887) - - -
- (3,342,461) (3,342,461) - - -
$ (101,551,781) $ (3,342,461) $ (104,894,242) $ - $ - $ -
- - - (78,957,551) - -
- - - - (1,720,483) -
- - - - - 384,464
- - - (78,957,551) (1,720,483) 384,464
5 5,362,114 - 5 5,362,114 - - -
3 4,834,937 - 3 4,834,937 - - -
235,588 - 235,588 - - -
3 ,565,584 - 3 ,565,584 - - -
428,998 - 428,998 - - -
1 ,103,095 - 1 ,103,095 - - -
- - - 82,095,123 1 ,489,525 271,909
642,472 5 95,279 1 ,237,751 33,655 20,198 13,592
1 ,540,404 - 1 ,540,404 - - -
2 ,182,525 9 18,688 3 ,101,213 287,234 89,001 -
(3,348,074) 3,348,074 - - - -
9 6,547,643 4,862,041 101,409,684 82,416,012 1 ,598,724 285,501
(5,004,138) 1,519,580 (3,484,558) 3 ,458,461 (121,759) 669,965
118,132,488 95,513,783 213,646,271 129,634,740 2 ,104,121 2 1,599,486
$ 113,128,350 $ 97,033,363 $ 210,161,713 $ 133,093,201 $ 1,982,362 $ 22,269,451
The accompanying notes to the basic financial statements are an integral part of this statement.
- 37 -

QUEEN ANNE'S COUNTY, MARYLAND
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2009
SCHOOL
GENERAL GENERAL ROADS IMPACT FEES
FUND CAPITAL CAPITAL CAPITAL
ASSETS
Cash and Cash Equivalents $ 12,138,458 $ 5,378,481 $ 3,575,008 $ 1,621,088
Prepaid Items 16,067 - - -
Receivables
Taxes Receivable (Net) 196,843 143,342 - -
Accounts and Loans Receivable (Net) 233,002 8,795 21,182 156,809
Special Assessments (Net) - - 570,024 -
Due from Other Governments 14,685,398 442,605 - -
Due from Other Funds 302,068 40,000 - -
Due from Component Units 454,157 - - -
Inventory 4,000 - - -
Total Assets $ 28,029,993 $ 6,013,223 $ 4,166,214 $ 1,777,897
LIABILITIES AND FUND BALANCES
Liabilities
Accrued Liabilities $ 1,761,848 $ 475,402 $ - $ -
Due to Other Funds - - - -
Due to Component Units - 635,771 - -
Due to Other Governmental Agencies - 3,008 - -
Deferred Revenue 11,242,702 69,826 629,992 156,809
Total Liabilities 13,004,550 1,184,007 629,992 156,809
Fund Balances
Reserved
Encumbrances 120,948 7,508,234 1,030,752 -
Loans Receivable - - - 156,809
Prepaid Items 16,067 - - -
Inventory 4,000 - - -
Donor-Specified Purposes 94,436 - - -
Contingencies 7,271,414 - - -
Other Reserved Purposes - Other 1,136,735 - - -
Other Reserved Purposes - Highway Activities - - - -
Other Reserved Purposes - Capital Projects - 176,741 343,550 -
Total Reserved 8,643,600 7,684,975 1,374,302 156,809
Unreserved
Designated for Subsequent Years' Expenditures 6,305,856 - - -
Designated for Capital Projects - - 1,460,770 1,464,279
Undesignated, reported in
General Fund 75,987 - - -
Capital Project Funds - (2,855,759) 701,150 -
Special Revenue Funds - - - -
Total Unreserved 6,381,843 (2,855,759) 2,161,920 1,464,279
Total Fund Balances 15,025,443 4,829,216 3,536,222 1,621,088
Total Liabilities and Fund Balances $ 28,029,993 $ 6,013,223 $ 4,166,214 $ 1,777,897
The accompanying notes to the basic financial statements are an integral part of this statement.
- 38 -

QUEEN ANNE'S COUNTY, MARYLAND
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2009
(CONTINUED)
TOTAL
ROADS NON-MAJOR GOVERNMENTAL
BOARD GOVERNMENTAL FUNDS
$ 2 ,961,784 $ 5,791,668 $ 31,466,487
- - 16,067
- - 340,185
2 9,366 3,422,397 3,871,551
- 771,886 1,341,910
7 47,831 641,056 16,516,890
- - 342,068
- - 454,157
3 88,307 - 392,307
$ 4 ,127,288 $ 10,627,007 $ 54,741,622
$ 2 09,637 $ 454,025 $ 2,900,912
- 301,561 301,561
- - 635,771
- 620,947 623,955
6 04,199 1,068,898 13,772,426
8 13,836 2,445,431 18,234,625
- - 8,659,934
- 3,399,042 3,555,851
- - 16,067
3 88,307 - 392,307
- 1,050 95,486
- - 7,271,414
4 90,479 1,077,738 2,704,952
2 ,434,666 - 2,434,666
- - 520,291
3 ,313,452 4,477,830 25,650,968
- - 6,305,856
- 952,626 3,877,675
- - 75,987
- - (2,154,609)
- 2,751,120 2,751,120
- 3,703,746 10,856,029
3 ,313,452 8,181,576 36,506,997
$ 4 ,127,288 $ 10,627,007 $ 54,741,622
The accompanying notes to the basic financial statements are an integral part of this statement.
- 39 -

- 40 -

QUEEN ANNE'S COUNTY, MARYLAND
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET ASSETS
JUNE 30, 2009
Total Fund Balance - Governmental Funds $ 3 6,506,997
Amounts reported for Governmental activities in the Statement of Net Assets
are different because:
Capital assets used in governmental fund activities are not financial resources
and therefore are not reported in the funds.
ADD Nondepreciable capital assets
Land and Land Improvements $ 3 8,850,322
Infrastructure 4 0,003,406
Construction in Progress 1 4,157,439 9 3,011,167
ADD Depreciable capital assets
Buildings 2 7,963,214
Improvements other than Buildings 4 ,927,677
Machinery and Equipment 1 8,174,835
Automobiles and Trucks 8 ,837,732
Infrastructure 1 5,478,289
Less Accumulated depreciation ( 30,784,315) 4 4,597,432
Revenues that are deferred in the governmental funds because they do not
provide current financial resources are recognized as revenues in the
Statement of Activities.
ADD Property Taxes deferred in governmental funds 8 1,977
ADD Income Taxes deferred in governmental funds 9 ,048,173
ADD Loans receivable deferred in governmental funds 2 ,097,684 11,227,834
Long-term liabilities related to governmental fund activities are not due and
payable in the current period and therefore are not reported in the funds.
SUBTRACT Accrued Interest Payable ( 803,131)
SUBTRACT Long-Term Liabilities Due within One Year
Accrued Compensated Absences ( 1,555,115)
Bonds and Notes Payable ( 5,065,574) ( 6,620,689)
SUBTRACT Long-Term Liabilities Due in More than One Year
Other Post-Employment Benefit Obligation ( 3,688,090)
Accrued Compensated Absences ( 688,274)
Bonds and Notes Payable ( 60,414,896) ( 64,791,260)
Total Net Assets - Governmental Activities $ 1 13,128,350
The accompanying notes to the basic financial statements are an integral part of this statement.
- 41 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
SCHOOL
GENERAL GENERAL ROADS IMPACT FEES
FUND CAPITAL CAPITAL CAPITAL
REVENUES
Taxes
Local Property Tax $ 55,337,698 $ - $ - $ -
Local Income Tax 35,988,334 - - -
Admission and Amusement Taxes 176,691 - - -
Recordation Taxes 2,930,197 - - -
Hotel Taxes 428,998 - - -
County Transfer Taxes - 1,103,095 - -
State Shared Taxes - - - -
Licenses and Permits 874,639 - - -
Intergovernmental 1,991,356 1,672,568 216,673 -
Charges for Current Services 1,777,167 83,427 57,240 740,213
Fines and Forfeitures 30,874 - - -
Investment Income 397,616 29,522 78,531 33,535
Donations 10,344 8,559 - -
Miscellaneous 1,771,223 72,989 622 -
Total Revenues 101,715,137 2,970,160 353,066 773,748
EXPENDITURES
Current
General Government 9,871,927 886,416 - -
Public Safety 20,083,251 25,109 - -
Public Works 3,319,967 40,350 - -
Health 1,572,848 - - -
Social Services 243,535 52,344 - -
Education 48,856,359 4,492,154 - -
Parks and Recreation 2,885,148 260,219 - -
Library 1,390,398 - - -
Conservation of Natural Resources 540,541 - - -
Economic/Community Development 1,148,312 327,855 - -
Miscellaneous 702,558 4,234 - -
Capital Outlay 750,431 7,378,918 33,363 -
Debt Service
Principal 5,065,347 - - -
Debt Issuance Costs - ( 423) - -
Interest and Fiscal Charges 2,778,490 - - -
Total Expenditures 99,209,112 13,467,176 33,363 -
Excess of Revenues Over (Under) Expenditures 2,506,025 ( 10,497,016) 319,703 773,748
OTHER FINANCING SOURCES (USES)
Issuance of Debt 122,780 - - -
Bond Premiums - ( 423) - -
Proceeds of Capital Asset Disposals 9,554 - - -
Insurance Proceeds 19,404 4,191 - -
Transfers In 2,020,214 41,483 - -
Transfers Out ( 2,573,612) ( 3,808,465) (20,000) (1,408,120)
Other Financing Sources (Uses) ( 401,660) ( 3,763,214) (20,000) (1,408,120)
Net Increase (Decrease) in Fund Balances 2,104,365 ( 14,260,230) 299,703 (634,372)
Fund Balances, July 1 12,921,078 19,089,446 3,236,519 2,255,460
Fund Balances, June 30 $ 15,025,443 $ 4,829,216 $ 3,536,222 $ 1,621,088
The accompanying notes to the basic financial statements are an integral part of this statement.
- 42 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
TOTAL
ROADS NON-MAJOR GOVERNMENTAL
BOARD GOVERNMENTAL FUNDS
$ - $ 36,355 $ 55,374,053
- - 35,988,334
- 58,897 235,588
- 635,387 3,565,584
- - 428,998
- - 1,103,095
7 ,542,182 4 9,647 7,591,829
- - 874,639
9 5,935 4 ,073,163 8,049,695
2 23,580 4 45,069 3,326,696
- 84,784 115,658
3 3,599 6 9,669 642,472
- 57,964 76,867
2 53,247 8 4,444 2,182,525
8 ,148,543 5 ,595,379 119,556,033
- 83,136 10,841,479
- 374,878 20,483,238
5 ,318,398 - 8,678,715
- - 1,572,848
- 4,733,614 5,029,493
- - 53,348,513
- - 3,145,367
- - 1,390,398
- 1,904,811 2,445,352
- 492,420 1,968,587
- - 706,792
2 83,142 1 49,118 8,594,972
- 24,000 5,089,347
- - (423)
- - 2,778,490
5 ,601,540 7 ,761,977 126,073,168
2 ,547,003 ( 2,166,598) ( 6,517,135)
- - 122,780
- - (423)
3 ,201 5 1,334 64,089
9 ,897 1 1,415 44,907
3 0,616 3 ,357,186 5,449,499
- ( 1,069,075) ( 8,879,272)
4 3,714 2 ,350,860 ( 3,198,420)
2 ,590,717 1 84,262 ( 9,715,555)
7 22,735 7 ,997,314 46,222,552
$ 3 ,313,452 $ 8 ,181,576 $ 36,506,997
The accompanying notes to the basic financial statements are an integral part of this statement.
- 43 -

QUEEN ANNE'S COUNTY, MARYLAND
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2009
Change in Fund Balances - Total governmental funds, per Statement of Revenues, Expenditures
and Changes in Fund Balances of Governmental Funds $ ( 9,715,555)
Amounts reported for governmental activities in the Statement of Activities are different because
Capital outlay expenditures are reported in Governmental Funds during the year. However, in the Statement
of Activities, costs for capital asset purchases are allocated over the estimated useful lives of those
assets and reported as depreciation expense over a number of years. Therefore, the change in assets
differs from the change in fund balance by the amount of capital asset purchases that will be capitalized
and depreciated over a number of years, less the offsetting depreciation expense for the current year.
Proceeds received on disposal of capital assets are reported in Governmental Funds as current financial
resources. In the Statement of Activities, only the gain or (loss) realized on disposal of capital assets is
reported. Thus, the change in net assets differs from the change in fund balance by the cost of capital
assets sold, net of accumulated depreciation (i.e., book value).
In addition, developer contributions of capital assets (primarily infrastructure) are not reported in Governmental
Funds because they do not represent current financial resources available to cover this year's expenditures.
Thus, the change in net assets differs from the change in fund balance by the value of capital assets received.
Donated Capital Assets are not reported in Governmental Funds because they are not current financial resources.
However, in the Statement of Activities, they are recognized as capital contributions and as capital assets.
The following is a summary of the net increase in capital assets, which is detailed in Note 6 - Capital Assets - Primary Government.
ADD capital assets acquired as capital outlay $ 1,191,696
ADD book value of traded/transferred assets 1,461,486
ADD capital assets resulting from force-in-kind expenditures 296,140
ADD capital assets resulting from general capital projects 8,657,193
ADD capital assets resulting from roads capital projects 33,363
ADD donated equipment & vehicles 17,600
SUBTRACT general capital project retirements ( 1,278,275)
SUBTRACT book value of disposed capital assets, net of accumulated depreciation ( 2,595,951)
SUBTRACT current year depreciation expense ( 3,049,539)
Net Increase in Capital Assets $ 4,733,713
The accompanying notes to the basic financial statements are an integral part of this statement.
CONTINUED
- 44 -

QUEEN ANNE'S COUNTY, MARYLAND
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
Revenues that are earned but not collected within sixty days after the end of the fiscal year are not considered to be
"available" to meet current cash requirements and are deferred in the Governmental Funds to the following year.
However, these revenues are recognized in the Statement of Activities. The amount by which this type of
deferred revenue increased or (decreased) relative to the prior year is as follows:
ADD current year's Property Tax Deferred Revenue $ 81,977
SUBTRACT prior year's Property Tax Deferred Revenue ( 93,916)
$ (11,939)
ADD current year's Income Tax Deferred Revenue 9,048,173
SUBTRACT prior year's Income Tax Deferred Revenue ( 10,201,570)
(1,153,397)
Issuance of long-term debt (e.g., bonds, notes, and capital leases) provides current financial resources to
Governmental Funds, while repayment of principal due for long-term debt consumes current resources.
In the Statement of Net Assets, issuing debt increases long term liabilities, while repayment reduces
those liabilties.
ADD retirements and repayments made on long term debt
General Bonds Payable 5,331,424
Notes Payable 32,214
Bond Premiums, Net of Issuance Costs 64,723
Deferred Refunding Costs ( 170,484)
Capital Leases 47,496
5,305,373
SUBTRACT proceeds of CELP Loan ( 122,780)
SUBTRACT College reimbursement received ( 206,625)
ADD County's allocation to College for debt 52,275
5,028,243
Some accrued expenses, reported in the Statement of Activities, do not require the use of current financial
resources and are not reported as expenditures in the Governmental Funds. The net amount by which
these accruals increased or (decreased) over the prior period is as follows:
ADD prior year's Accrued Interest Payable 880,381
SUBTRACT current year's Accrued Interest Payable ( 803,131)
77,250
ADD prior year's Accrued Compensated Absences 1,969,026
SUBTRACT current year's Accrued Compensated Absences ( 2,243,389)
(274,363)
ADD prior year's Accrued Other Post Employment Benefit Obligation -
SUBTRACT current year's Accrued Other Post Employment Benefit Obligation ( 3,688,090)
(3,688,090)
Change in Net Assets - governmental activities, per Statement of Activities $ (5,004,138)
The accompanying notes to the basic financial statements are an integral part of this statement.
- 45 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF NET ASSETS
ENTERPRISE FUNDS
JUNE 30, 2009
SANITARY DISTRICT
SEWER WATER RESTRICTED
ASSETS OPERATIONS OPERATIONS FUND
Current Assets
Unrestricted
Equity in Pooled Cash $ 5,395,580 $ 2,479,963 $ -
Accounts Receivable (Net) 300,348 135,474 -
Due from Other Funds 40,341 - -
Due from Other Governments - - -
Inventories 336,079 - -
Prepaid Expenses - - -
Restricted
Restricted Equity in Pooled Cash - - 8,269,792
Restricted Accounts Receivable (Net) - - 10,119
Total Current Assets 6,072,348 2,615,437 8,279,911
Noncurrent Assets
Restricted
Special Assessments Receivable (Net) - - 1,486,365
Capital Assets
Land, Improved and Unimproved 816,331 - -
Buildings and Improvements to Buildings 14,265,248 139,477 -
Improvements Other Than Buildings 1,615,474 128,152 -
Automotive Equipment 926,651 127,402 -
Equipment 19,904,258 1,028,023 -
Furniture and Fixtures 46,715 5,727 -
Infrastructure Improvements 48,091,579 19,924,521 -
Construction in Progress 53,700 320,306 -
Capital Assets before Depreciation 85,719,956 21,673,608 -
Less Accumulated Depreciation (22,596,438) (5,535,995) -
Total Capital Assets, Net of
Accumulated Depreciation 63,123,518 16,137,613 -
Total Noncurrent Assets 63,123,518 16,137,613 1,486,365
Total Assets 69,195,866 18,753,050 9,766,276
LIABILITIES
Current Liabilities
Payable from Unrestricted Assets
Accounts Payable 172,175 203,323 -
Accrued Interest Payable 118,148 10,834 -
Escrow Deposits 36,562 - -
Due to Other Funds - - 40,000
Unearned Revenue 791,129 - -
Current Portion of Compensated Absences 112,681 40,397 -
Current Portion of Bonds/Notes Payable 1,420,889 413,497 -
Payable from Restricted Assets
Current Portion of Bonds Payable - - -
Total Current Liabilities 2,651,584 668,051 40,000
Noncurrent Liabilities
Payable from Unrestricted Assets
Compensated Absences 49,871 17,879 -
Other Post-Employment Benefit Obligation 391,192 105,016 -
Bonds/Notes Payable 17,969,301 1,482,605 -
Payable from Restricted Assets
Unearned Revenue - - 1,486,365
Total Noncurrent Liabilities 18,410,364 1,605,500 1,486,365
Total Liabilities 21,061,948 2,273,551 1,526,365
NET ASSETS
Invested in Capital Assets, Net of Related Debt 43,733,328 14,241,511 -
Restricted for:
Debt Service - - -
Capital Projects - - 753,300
Unrestricted 4,400,590 2,237,988 7,486,611
Total Net Assets $ 48,133,918 $ 16,479,499 $ 8,239,911
The accompanying notes to the basic financial statements are an integral part of this statement.
- 46 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF NET ASSETS
ENTERPRISE FUNDS
JUNE 30, 2009
(CONTINUED)
TOTAL
PRIMARY
SANITARY DISTRICT NON-MAJOR GOVERNMENT
DEBT SERVICE BAY BRIDGE ENTERPRISE ENTERPRISE
FUND TOTAL AIRPORT FUNDS FUNDS
$ - $ 7,875,543 $ - $ 1,007,730 $ 8,883,273
- 435,822 114,043 85,192 635,057
- 40,341 - 40,000 80,341
- - 43,106 81,204 124,310
- 336,079 32,637 8,432 377,148
- - - 9,950 9,950
4,180,188 12,449,980 - - 12,449,980
41,022 51,141 - - 51,141
4,221,210 21,188,906 189,786 1,232,508 22,611,200
2,490,985 3,977,350 - - 3,977,350
- 816,331 10,670,168 2,722,967 14,209,466
- 14,404,725 1,121,799 2,659,970 18,186,494
- 1,743,626 2,146,831 2,516,933 6,407,390
- 1,054,053 59,470 83,445 1,196,968
- 20,932,281 43,084 796,321 21,771,686
- 52,442 3,344 30,750 86,536
- 68,016,100 - - 68,016,100
- 374,006 897,399 203,842 1,475,247
- 107,393,564 14,942,095 9,014,228 131,349,887
- (28,132,433) (2,093,396) (1,223,643) (31,449,472)
- 79,261,131 12,848,699 7,790,585 99,900,415
2,490,985 83,238,481 12,848,699 7,790,585 103,877,765
6,712,195 104,427,387 13,038,485 9,023,093 126,488,965
- 375,498 44,088 135,445 555,031
4,571 133,553 7,922 7,083 148,558
- 36,562 7,730 10,754 55,046
40,341 80,341 - 40,507 120,848
- 791,129 3,268 15,052 809,449
- 153,078 7,000 23,150 183,228
- 1,834,386 34,304 80,046 1,948,736
46,456 46,456 - - 46,456
91,368 3,451,003 104,312 312,037 3,867,352
- 67,750 3,098 10,246 81,094
- 496,208 43,172 76,575 615,955
283,340 19,735,246 493,574 859,511 21,088,331
2,316,505 3,802,870 - - 3,802,870
2,599,845 24,102,074 539,844 946,332 25,588,250
2,691,213 27,553,077 644,156 1,258,369 29,455,602
- 57,974,839 12,320,821 6,851,028 77,146,688
4,020,982 4,020,982 - - 4,020,982
- 753,300 - - 753,300
- 14,125,189 73,508 913,696 15,112,393
$ 4,020,982 $ 76,874,310 $ 12,394,329 $ 7,764,724 $ 97,033,363
The accompanying notes to the basic financial statements are an integral part of this statement.
- 47 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
SANITARY DISTRICT
SEWER WATER RESTRICTED
OPERATIONS OPERATIONS FUND
OPERATING REVENUES
Charges for Services $ 4 ,662,820 $ 1 ,896,791 $ 618,107
Intergovernmental - - -
Material Sales 1 ,715 6 ,607 -
Miscellaneous Revenues 5 2,490 1 40,100 -
Total Operating Revenues 4 ,717,025 2 ,043,498 618,107
OPERATING EXPENSES
Cost of Sales and Services
Collection 2 ,202,132 - -
Distribution - 1 18,040 -
Treatment 1 ,311,452 9 92,654 -
Shop 1 98,702 7 6,186 -
Airport - - -
Parks and Recreation - - -
Public Marinas - - -
Total Cost of Sales and Services 3 ,712,286 1 ,186,880 -
Administration and Inspection 1 ,301,574 6 25,584 -
Depreciation 2 ,879,864 4 61,761 -
Total Operating Expenses 7 ,893,724 2 ,274,225 -
Operating Income (Loss) (3,176,699) (230,727) 618,107
NON-OPERATING REVENUES (EXPENSES)
Investment Income 1 08,340 4 9,658 244,666
Interest Expense (363,493) (130,663) -
Gain on Disposal of Capital Assets - - -
Total Non-Operating Revenues (Expenses) (255,153) (81,005) 244,666
Income (Loss) Before Contributions and Transfers (3,431,852) (311,732) 862,773
Capital Contributions, Fees and Grants 4 71,395 2 11,540 -
Transfers In 1 ,976,223 8 22,326 -
Transfers Out - - ( 1,343,312)
Net Transfers In (Out) 1 ,976,223 8 22,326 ( 1,343,312)
Change in Net Assets (984,234) 7 22,134 ( 480,539)
Total Net Assets - Beginning of Year 4 9,118,152 1 5,757,365 8,720,450
Total Net Assets - End of Year $ 4 8,133,918 $ 1 6,479,499 $ 8,239,911
The accompanying notes to the basic financial statements are an integral part of this statement.
- 48 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
TOTAL
PRIMARY
SANITARY DISTRICT NON-MAJOR GOVERNMENT
DEBT SERVICE BAY BRIDGE ENTERPRISE ENTERPRISE
FUND TOTAL AIRPORT FUNDS FUNDS
$ 5 17,382 $ 7,695,100 $ 3 4,907 $ 1,626,494 $ 9 ,356,501
- - - 45,824 4 5,824
- 8,322 4 01,809 5 4,176 4 64,307
- 192,590 1 65,883 95,908 4 54,381
5 17,382 7,896,012 6 02,599 1,822,402 1 0,321,013
- 2,202,132 - - 2 ,202,132
- 118,040 - - 1 18,040
- 2,304,106 - - 2 ,304,106
- 274,888 - - 2 74,888
- - 7 09,830 - 7 09,830
- - - 2,012,116 2 ,012,116
- - - 28,427 2 8,427
- 4,899,166 7 09,830 2,040,543 7 ,649,539
- 1,927,158 - - 1 ,927,158
- 3,341,625 1 66,542 163,504 3 ,671,671
- 10,167,949 8 76,372 2,204,047 1 3,248,368
5 17,382 (2,271,937) (273,773) ( 381,645) (2,927,355)
1 92,299 594,963 3 16 - 5 95,279
(27,677) (521,833) (19,714) ( 47,795) (589,342)
- - 1 6,180 35,629 5 1,809
1 64,622 73,130 (3,218) ( 12,166) 5 7,746
6 82,004 (2,198,807) (276,991) ( 393,811) (2,869,609)
- 682,935 2 89,112 69,068 1 ,041,115
1 ,054,507 3,853,056 9 81,193 1,971,982 6 ,806,231
(2,114,845) (3,458,157) - - (3,458,157)
(1,060,338) 394,899 9 81,193 1,971,982 3 ,348,074
(378,334) (1,120,973) 9 93,314 1,647,239 1 ,519,580
4 ,399,316 77,995,283 1 1,401,015 6,117,485 9 5,513,783
$ 4 ,020,982 $ 76,874,310 $ 1 2,394,329 $ 7,764,724 $ 9 7,033,363
The accompanying notes to the basic financial statements are an integral part of this statement.
- 49 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF CASH FLOWS
ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
SANITARY DISTRICT
SEWER WATER RESTRICTED
OPERATIONS OPERATIONS FUND
CASH FLOW FROM OPERATING ACTIVITIES
Receipts from customers and users $ 4 ,673,721 $ 1,884,949 $ 617,930
Receipts from other operating sources 5 4,205 146,707 -
Payments to suppliers (2,080,252) (591,328) -
Payments to employees and on behalf of employees (2,586,047) (974,395) -
Net Cash Provided (Used) by Operating Activities 6 1,627 465,933 617,930
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers in from other funds 1 ,976,223 822,326 -
Receipts from interfund loans (23,142) - 40,000
Transfers to other funds - - (1,343,312)
Principal paid on interfund loans - - (80,000)
Net Cash Provided (Used) by Noncapital Financing Activities 1 ,953,081 822,326 (1,383,312)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Proceeds from the disposition of capital assets - - -
Receipts from capital grants - - -
Principal paid on capital debt (1,398,740) (462,283) -
Receipts from 2006 Bonds - - -
Interest paid on capital debt (392,183) (133,212) -
Acquisition and construction of capital assets (148,217) (354,986) -
Net Cash (Used) by Capital and Related Financing Activities (1,939,140) (950,481) -
CASH FLOWS FROM INVESTING ACTIVITIES
Net Cash Provided by Investing Activities - Investment Income 1 08,340 49,658 244,666
Net Increase (Decrease) in Cash and Cash Equivalents 1 83,908 387,436 (520,716)
Balances - Beginning of the year 5 ,211,672 2,092,527 8,790,508
Balances - End of the year $ 5 ,395,580 $ 2,479,963 $ 8,269,792
Reconciliation of operating income (loss) to net cash
provided by operating activities
Operating income (loss) $ (3,176,699) $ (230,727) $ 618,107
Adjustments to reconcile operating income (loss)
to net cash provided by operating activities:
Depreciation 2 ,879,864 461,761 -
Effect of changes in operating assets and liabilities:
Accounts receivable, net (47,456) (11,842) (177)
Special assessments receivable, net - - 94,288
Operating grants receivable - - -
Inventories and Prepaid Expenses (8,613) - -
Vendor accounts payable (42,514) 135,272 -
Compensated absences 7 ,496 6,453 -
Other Post-Employment Benefit Obligation 3 91,192 105,016 -
Escrow deposits payable 1 6,697 - -
Deferred revenue collected in advance 4 1,660 - (94,288)
Net Cash Provided by Operating Activities $ 6 1,627 $ 465,933 $ 617,930
Noncash investing, capital and financing activities:
Donation of capital assets (infrastructure) by developers $ 4 71,395 $ 211,540 $ -
The accompanying notes to the basic financial statements are an integral part of this statement.
- 50 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF CASH FLOWS
ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
TOTAL
PRIMARY
SANITARY DISTRICT NON-MAJOR GOVERNMENT
DEBT SERVICE BAY BRIDGE ENTERPRISE ENTERPRISE
FUND TOTAL AIRPORT FUNDS FUNDS
$ 544,711 $ 7,721,311 $ 2 ,574 $ 1,567,465 $ 9 ,291,350
- 200,912 578,998 233,465 1 ,013,375
- ( 2,671,580) ( 447,485) (1,083,529) ( 4,202,594)
- ( 3,560,442) ( 210,641) (942,786) ( 4,713,869)
544,711 1,690,201 ( 76,554) (225,385) 1 ,388,262
1,054,507 3,853,056 9 81,193 1,971,982 6 ,806,231
40,341 57,199 - 40,507 9 7,706
( 2,114,845) ( 3,458,157) - - ( 3,458,157)
( 17,199) ( 97,199) ( 831,509) (1,676,614) ( 2,605,322)
( 1,037,196) 354,899 149,684 335,875 8 40,458
- - 16,180 35,629 5 1,809
- - 289,112 69,068 3 58,180
( 43,409) ( 1,904,432) ( 36,000) (68,230) ( 2,008,662)
- - 81,699 - 8 1,699
( 28,038) ( 553,433) ( 17,559) (45,094) ( 616,086)
- ( 503,203) ( 406,878) (108,528) ( 1,018,609)
( 71,447) ( 2,961,068) ( 73,446) (117,155) ( 3,151,669)
192,299 594,963 3 16 - 5 95,279
( 371,633) ( 321,005) - (6,665) ( 327,670)
4,551,821 20,646,528 - 1,014,395 2 1,660,923
$ 4,180,188 $ 20,325,523 $ - $ 1,007,730 $ 2 1,333,253
$ 517,382 $ ( 2,271,937) $ ( 273,773) $ (381,645) $ ( 2,927,355)
- 3,341,625 1 66,542 163,504 3 ,671,671
( 2,047) ( 61,522) ( 36,201) (73,972) ( 171,695)
432,742 527,030 - - 5 27,030
- - 11,306 37,557 4 8,863
- ( 8,613) 10,785 (13,127) ( 10,955)
- 92,758 ( 4,487) (54,183) 3 4,088
- 13,949 2,234 4,963 2 1,146
- 496,208 43,172 76,575 6 15,955
- 16,697 6 00 3,198 2 0,495
( 403,366) ( 455,994) 3 ,268 11,745 ( 440,981)
$ 544,711 $ 1,690,201 $ ( 76,554) $ (225,385) $ 1 ,388,262
$ - $ 682,935 $ - $ - $ 6 82,935
The accompanying notes to the basic financial statements are an integral part of this statement.
- 51 -

QUQEEUNE EANN NAEN'SN EC'OSU CNOTUYN, MTYA,R MYALRAYNLDAND
STASTTEAMTEEMNETN OTF O CFH FAIDNUGCEISA RINY FNIEDTU CAISASREYT SNET ASSETS
PRIVATEP PRUIVRAPTOES EP UTRRPUOSTS,E O TTRHUESRT P AONSDT -OEMTHPELRO YPMOESNTT-E BMEPNLEOFYITM TERNUTS BTE, ANNEDFI TA GTERNUCSYT FFUUNNDDS
FOR THJEU YNEEA 3R0 ,E 2N0D09ED JUNE 30, 2009
PRIVATE
PRIVATE PURPOSE
PURPOSE
TRUST FUND
TRUST FUND OTHER
TAX SALE
TAX SALE POST-EMPLOYMENT AGENCY
DEPOSITS
DEPOSITS BENEFIT TRUST FUND FUNDS
ADDITIONS
ASSETS
Total Additions - Tax Sale Collections in Excess of Tax Due $ 2 6,327
Cash and Cash Equivalents $ 374,570 $ 1,185,042 $ 3 74,209
Miscellaneous Receivables - - 1 65,626
DEDUCTIONS
TotalT Doetadl uAcstisoentss - Distributions to Prope r t y H o l d 3e7rs4,570 1 , 1 8 5 , 0 4 2 1 9,205 $ 5 39,835
LIABILITIESChange in Assets 7 ,122
Due to Other Governments - 155,005 $ 2 59,123
NET ADSepSoEsTitSs aHnEdL EDs cINro TwRsUST - - 2 80,712
Net Assets-Beginning of Year 3 67,448
Total Liabilities - 155,005 $ 5 39,835
Net Assets-End of Year $ 3 74,570
NET ASSETS
Held in Trust $ 374,570 $ 1,030,037
OTHER
POST-EMPLOYMENT
BENEFIT TRUST FUND
ADDITIONS
CONTRIBUTIONS
Employers $ 2 ,581,144
Members 7 10,313
TOTAL CONTRIBUTIONS 3 ,291,457
Investment Income 3 7
Total Additions 3 ,291,494
DEDUCTIONS
Claims Paid 2 ,261,457
Change in Assets 1 ,030,037
NET ASSETS HELD IN TRUST
Net Assets-Beginning of Year -
Net Assets-End of Year $ 1 ,030,037
The accompanying notes to the basic financial statements are an integral part of this statement.
- 52 -

QUEEN ANNE'S COUNTY, MARYLAND
STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS
PRIVATE PURPOSE TRUST AND OTHER POST-EMPLOYMENT BENEFIT TRUST FUND
FOR THE YEAR ENDED JUNE 30, 2009
PRIVATE
PURPOSE
TRUST FUND
TAX SALE
DEPOSITS
ADDITIONS
Total Additions - Tax Sale Collections in Excess of Tax Due $ 2 6,327
DEDUCTIONS
Total Deductions - Distributions to Property Holders 1 9,205
Change in Assets 7 ,122
NET ASSETS HELD IN TRUST
Net Assets-Beginning of Year 3 67,448
Net Assets-End of Year $ 3 74,570
OTHER
POST-EMPLOYMENT
BENEFIT TRUST FUND
ADDITIONS
CONTRIBUTIONS
Employers $ 2 ,581,144
Members 7 10,313
TOTAL CONTRIBUTIONS 3 ,291,457
Investment Income 3 7
Total Additions 3 ,291,494
DEDUCTIONS
Claims Paid 2 ,261,457
Change in Assets 1 ,030,037
NET ASSETS HELD IN TRUST
Net Assets-Beginning of Year -
Net Assets-End of Year $ 1 ,030,037
The accompanying notes to the basic financial statements are an integral part of this statement.
- 53 -

QUEEN ANNE'S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
INDEX
Note
1 Summary of Significant Accounting Policies 55-65
2 Budgets and Budgetary Accounting 65-66
3 Cash, Investments and Investment Income 67-68
4 Accounts Receivable 69-70
5 Deferred or Unearned Revenue 71
6 Capital Assets 72-77
7 Interfund Receivables and Payables 78
8 Interfund Transfers 79
9 Noncurrent Liabilities 80-88
10 Restricted Assets and Liabilities
and Reserved/Designated Fund Balances 89-91
11 Risk Management 92
12 Retirement Plans 93-95
13 Deferred Compensation Plan 95
14 Other Post Employment Benefits 96-101
15 Deficit Equity Balances 101
16 Commitments and Contingencies 102
17 Joint Venture 102-103
18 Pollution Remediation Obligations 103
19 Subsequent Events 103
- 54 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the County conform to accounting principles generally accepted in the United
States of America (GAAP) applicable to local government entities. The following is a summary of
significant policies.
A. REPORTING ENTITY
Queen Anne’s County, Maryland (the County) was founded in 1706. The County is governed by five
Commissioners who are elected to serve four-year terms. This board assumes responsibilities conferred upon
them by the Maryland General Assembly under Code Home Rule and provides the following services: public
safety, public facility/infrastructure maintenance and improvements, sanitation, health and social services,
education, recreation and culture, library, conservation of natural resources, economic and community
development, and general administrative services.
As required by GAAP, these financial statements present the primary government and its component units, which
are entities for which the primary government is considered financially accountable. The decision to include a
potential component unit in the financial reporting entity was made by applying the criteria set forth in the
Government Accounting Standards Board (GASB) Statements No. 14 and 39. Blended component units,
although separate entities, are, in substance, part of the government’s operations. However, each discretely
presented component unit is reported in a separate column in the government-wide financial statements (see
note below for descriptions) to emphasize that it is legally separate from the government.
Blended Component Units
The Queen Anne’s County Sanitary District serves all the citizens of the government and is governed by a board
comprised of the government’s elected Commissioners. The rates for user charges and bond issuance
authorizations are approved by the Board of Commissioners and the legal liability for the general obligation
portion of the District’s debt remains with the government. The Sanitary District is reported as an enterprise fund.
The Queen Anne’s County Roads Board serves all the citizens of the government and is governed by a board
comprised of the government’s elected Commissioners. All operations of the Roads Board are approved by the
Board of Commissioners and the legal liability for any debt remains with the government. The Roads Board is
reported as a special revenue fund.
Discretely Presented Component Units
The Board of Education of Queen Anne’s County is a five-member body responsible for the operation of Queen
Anne’s County Schools. Beginning with the November 2008 election, the members were elected by the County
voters. The Board of Education is a component unit of Queen Anne’s County, Maryland by virtue of the Board’s
fiscal dependency on the County through the County’s responsibility for levying taxes, issuing debt, and its
budgetary control over the Board of Education.
The Queen Anne’s County Free Library is a component unit of the Queen Anne’s County Government by virtue
of the Library’s fiscal dependency on the County. The County levies taxes and approves the Library’s budget.
The Library Board of Trustees governs the Library. Vacancies on the Board of Trustees are filled by vote of the
remaining members of that Board.
The Queen Anne’s County Public Housing Authority is a component unit of the Queen Anne’s County Government
because the County Commissioners appoint the members of the Housing Authority’s Board of Commissioners. In
addition, the County contributes substantial financial and administrative resources to the Housing Authority on an
on-going basis, including an annual appropriation, office space and utilities, and administrative services for human
resources, accounting, and other functions.
- 55 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
A. REPORTING ENTITY (CONTINUED)
Complete financial statements of the discretely presented component units can be obtained from their respective
administrative offices listed below:
Board of Education of Queen Anne’s County
Queen Anne’s County Housing Authority
202 Chesterfield Avenue c/o Queen Anne’s County
Centreville, Maryland 21617 Finance Office
107 N. Liberty Street
Centreville, Maryland 21617
The Queen Anne’s County
Free Library
121 S. Commerce Street
Centreville, Maryland 21617
JOINT VENTURE
The operation of the Midshore Regional Landfill is considered a joint venture of the County. Disclosure of the
County’s participation in this joint venture is presented in Note 17.
Complete financial statements can be obtained at the joint ventures’ administrative office listed below:
Maryland Environmental Service
259 Najoles Road
Millersville, Maryland 21108
B. GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS
Government-Wide Financial Statements – The government-wide financial statements report information on all
of the non-fiduciary activities of the Primary Government and its component units. Since, by definition, assets of
fiduciary funds are held for the benefit of a third party (other local governments, private parties, etc.) and cannot
be used to address activities or obligations of the County, these funds are not incorporated into the government-
wide statements.
For the most part, the effect of interfund activity has been removed from these statements.
Governmental activities of the Primary Government, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business-type activities, which rely to a significant
extent on fees and charges for support.
Statement of Net Assets – This statement is designed to display the financial position of the reporting entity as
of year-end. Governments report all capital assets, including infrastructure, in the government-wide Statement of
Net Assets and report depreciation expense, the cost of “using up” capital assets, in the Statement of Activities.
Net assets are divided into three categories: 1) invested in capital assets, net of related debt; 2) restricted; and 3)
unrestricted.
- 56 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
B. GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS (CONTINUED)
Statement of Activities – This statement demonstrates the degree to which the direct expenses of a given
function for the fiscal year are offset by program revenues. Therefore, this statement reflects both the gross and
net costs per functional category (general government; public safety; public works; health; social services;
education; parks and recreation; library; conservation of natural resources; and economic/community
development) that are otherwise supported by general revenues. Direct expenses (including depreciation) are
those that are clearly identifiable with a specific function. Program revenues include: 1) charges to customers or
applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function
and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a
particular function. The operating grants and contributions column includes operating-specific and discretionary
(either operating or capital) grants, while the capital grants and contributions column reflects capital-specific
grants. Taxes and other items not properly included among program revenues are reported as general
revenues. The County does not allocate indirect expenses.
Fund Financial Statements – Separate financial statements are provided for governmental funds and
proprietary funds. Major individual governmental funds and major individual enterprise funds are reported as
separate columns in the fund financial statements.
In the fund financial statements, financial transactions and accounts of the County are organized on the basis of
funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for
with a separate set of self-balancing accounts that comprise assets, liabilities, fund balance/net assets, revenues,
and expenditures/expenses.
Governmental Fund Budget-to-Actual Comparison Statements – Demonstrating compliance with the
adopted budget is an important component of government’s accountability to the public. The County provides
budget-to-actual comparisons of the General Fund and individual major special revenue funds as part of the
required supplementary information subsection located after the Notes to the basic financial statements. In
addition, budget-to-actual comparisons are provided for the General Fund, on a departmental level, and for all
other individual funds with legally adopted budgets in the supplementary information subsection.
The County and many other governments revise their original budgets over the course of the year for a variety of
reasons; the County’s amended budget is reflected in a separate column in the budget-to-actual comparison
statements. Variances are calculated based on final budgets.
C. MEASUREMENT FOCUS, BASIS OF ACCOUNTING, AND FINANCIAL STATEMENT PRESENTATION
Measurement Focus and Basis of Accounting
Full Accrual Basis Financial Statements – The government-wide financial statements are reported using the
economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund financial
statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred,
regardless of the timing of related cash flows. Property taxes are recognized as revenue in the year in which they
are levied. Grants and similar items are recognized as revenues as soon as all eligibility requirements imposed by
the provider have been met. Capital assets and related depreciation are recorded in these statements, as well as
debt, accrued compensated absences, other post-employment benefits, and other accruals.
Modified Accrual Basis Financial Statements – Governmental fund financial statements are reported using
the current financial resources measurement focus and the modified accrual basis of accounting.
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QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
C. MEASUREMENT FOCUS, BASIS OF ACCOUNTING, AND FINANCIAL STATEMENT PRESENTATION
(CONTINUED)
Revenues are recorded as soon as they are susceptible to accrual (i.e., when they are both measurable and
available). Revenues are considered to be available when they are collectible within the current period, or soon
enough thereafter to pay liabilities of the current period. Expenditures generally are recorded when a liability is
incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment
has matured and is due. Similarly, expenditures related to claims, judgments, compensated absences, and other
post-employment benefits are recorded only to the extent that they are expected to be liquidated with expendable
available financial resources. Capital assets, and related depreciation, as well as long-term liabilities are not
recorded in these statements.
In applying the susceptible to accrual concept to income taxes (distributed by the State), property taxes, and inter-
governmental revenues other than grants, the County defines “available” as received within 60 days after year-end.
In the State of Maryland, the State has assumed responsibility for the collection of all income taxes and for
distributing those collections to the respective counties. The counties set their individual tax rates within limits
provided by State law. However, collections and pursuit of delinquent taxes are the responsibility of the State.
The County records estimated receivables relating to income taxes when the underlying income is earned.
Amounts not received within 60 days are reported as deferred revenue. At year-end, deferred revenue relating to
income taxes primarily includes the final fiscal year distribution (which is normally received in September after the
fiscal year-end) and amounts related to late filers, delinquent returns and audits, and unallocated withholding, all
of which are not received within the County’s availability period. Most deferred revenue is expected to be
received from the State within the next fiscal year; however, collections related to delinquent returns and audits as
well as unallocated withholding may not be remitted to the County for several years.
In applying the susceptible to accrual concept to operating and capital grants, which are classified with
intergovernmental revenues in the fund financial statements, the County records receivables when the applicable
eligibility requirements including time requirements are met. Related revenues are recognized to the extent that
cash is expected to be received within one year of year-end. Resources received before the eligibility
requirements are met are reported as deferred revenue.
Licenses and permits, charges for services, and miscellaneous revenues (except earnings on investments) are
generally recorded as revenues when received in cash during the year. At year-end, receivables are recorded for
significant amounts due. If such amounts are received in cash after year-end within the County’s 60-day
availability period, they are recognized as revenue. Benefit assessment receivables not billed at year end are
reported as deferred revenue.
Fiduciary Funds – The County’s trust fund financial statements are reported using the economic resources
measurement focus and accrual basis of accounting, as is used by proprietary funds. Agency funds report only
assets and liabilities; they do not report changes in net assets. Therefore, agency funds are reported using the
accrual basis of accounting to recognize receivables and payables. Activity during the year is accounted for as
additions to and deductions from asset and liability accounts (for Agency Funds) and Net Assets (for Private
Purpose and Other Post-Employment Benefit Trust Funds). Since fiduciary funds are, by their very nature,
independent of the County, they are omitted from all government-wide statements.
Financial Statement Presentation - The County reports the following major governmental and proprietary funds,
as well as fiduciary funds.
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QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
C. MEASUREMENT FOCUS, BASIS OF ACCOUNTING, AND FINANCIAL STATEMENT PRESENTATION
(CONTINUED)
General Fund – This fund is the general operating fund of the County. It is used to account for all financial
resources except those required or recommended, by GAAP, to be accounted for in another fund.
Capital Projects Funds –
General Capital Projects - This fund accounts for financial resources to be used for the acquisition
or construction of major capital facilities, as well as other large multi-year projects that relate to
capital assets, that are financed from general governmental resources.
Roads Capital Projects - This fund accounts for financial resources to be used for the construction
of County Road infrastructure, as well as other large multi-year projects that relate to capital assets,
that are financed from Highway User Tax funds and grants received from State and Federal
Governments.
School Impact Fees - This fund accounts for financial resources generated by new residential
construction and used for the construction of public school facilities or payment of school debt relating to
such construction.
Roads Board - This fund accounts for financial resources received from the State, plus a negligible
amount from the County, for the maintenance of County road infrastructure.
Enterprise Funds - Enterprise Funds are used to account for those activities of the Primary
Government that are financed and operated in a manner similar to private business enterprises in that all
costs and expenses, including depreciation, are recovered primarily or partially through user charges.
The Sanitary District Funds are intended to be self-supporting as a whole, while the Airport is intended to
be only partially self-supporting. The County reports the following major enterprise funds:
Sanitary District - Sewer Operations - This fund is used to account for the operation of the
sewer system serving approximately 6,500 customers.
Sanitary District - Water Operations - This fund is used to account for the operation of the
water supply system serving approximately 4,000 customers.
Sanitary District - Restricted Fund - This fund is used to account for the proceeds of sewer and
water capacity charges (one-time allocation fees) and is used to fund capital and debt service
expenses.
Sanitary District - Debt Service Funds - This fund is used to account for the collection of
special benefit assessments, and financial resources from other sources, to fund debt associated
with construction of water and sewer facilities in accordance with debt covenants.
Bay Bridge Airport – This fund is used to account for the operation of the County’s airport that
serves small, private aircraft.
Fiduciary Funds – Fiduciary Funds are used to report assets held in a trustee or agency capacity for
entities other than the County. The County reports the following fiduciary fund types:
- 59 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
C. MEASUREMENT FOCUS, BASIS OF ACCOUNTING, AND FINANCIAL STATEMENT PRESENTATION
(CONTINUED)
Private-Purpose Trust Fund – This fund accounts for an arrangement under which monies
received at tax sale, in excess of taxes due, are legally held in trust for property owners who have
not been located within a legally-defined time frame.
Other Post-Employment Benefit Trust Fund– This fund accounts for the funding of retiree benefit
plans of participating agencies, which are: (1) Queen Anne’s County, Maryland, including the
Queen Anne’s County Public Housing Authority; (2) Queen Anne’s County Board of
Education; and (3) Queen Anne’s County Free Library. Other agencies and political
subdivisions have the right to participate in this Trust Fund also, as an investment vehicle for
their Other Post-Employment Benefit Plan through the pooling of investment resources.
Currently, the only other agency participating is Kent County, Maryland.
Agency Funds - These funds are used to account for assets, such as property taxes, held in a
purely custodial capacity where the County receives, temporarily invests, and remits such resources
to individuals, private organizations or other governments.
Private-sector standards of accounting and financial reporting issued prior to December 1, 1989, generally are
followed in both the government-wide and proprietary fund financial statements to the extent that those standards
do not conflict with or contradict guidance of GASB. Governments also have the option of following subsequent
private-sector guidance for their business-type activities and enterprise funds, subject to this same limitation. The
County has elected not to follow subsequent private-sector guidance.
In the process of aggregating data for the Statement of Net Assets and the Statement of Activities, some
amounts reported as interfund activity and balances in the funds should be eliminated or reclassified. As a
general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.
The effect of interfund services provided and used between functions has not been eliminated in the Statement of
Activities, since to do so would distort the direct costs and program revenues reported for the various functions
concerned.
Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues
and expenses generally result from providing services and producing and delivering goods in connection with a
proprietary fund’s principal ongoing operations. The principal operating revenues of the enterprise funds are
charges to customers for sales and services. Operating expenses for enterprise funds include the cost of sales
and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not
meeting this definition are reported as non-operating revenues and expenses.
D. ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY
1) Cash and Investments
Cash and Cash Equivalents – For Statement of Cash Flows reporting purposes, the County has
defined “cash equivalents” as short-term, highly liquid investments that are both readily convertible to
known amounts of cash and so near their maturity that they present an insignificant risk of changes in
value because of changes in interest rates. Generally, only investments with original maturities of
three months or less at time of purchase meet this definition. The balance sheet classification for
“cash and cash equivalents” in the Statement of Cash Flows includes the following: “Equity in pooled
cash and investments,” “Cash and cash equivalents,” and “Restricted Equity in pooled cash and
investments.”
- 60 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
D. ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY (CONTINUED)
2) Receivables and Payables
Due From/To Other Funds and Internal Balances – Activity between funds that are representative
of lending/borrowing arrangements outstanding at the end of the year are current and are referred to
as “due to/from other funds.” On the Statement of Net Assets, these balances are referred to as
“internal balances” and are reported as positive and negative “assets” that net to zero for the primary
government as a whole.
Trade Accounts Receivable – Trade and other receivables are shown net of an allowance for
uncollectible accounts. The allowance for uncollectible accounts is calculated based on historical
collection data and, in some cases, specific account analysis.
3) Inventories, Prepaids, and Other Assets
Inventories of materials, parts and supplies are stated at cost as determined by the first-in, first-out
method. For budgetary purposes, the cost is recorded as an expenditure at the time individual
inventory items are purchased (purchase method). The consumption method is used for financial
reporting purposes whereby expense is recognized as the items are used (consumed). Reported
inventories are equally offset by a fund balance reserve. Inventories in the Proprietary Funds are also
recorded using the consumption method.
Prepaid items are payments made to vendors for services that will benefit periods beyond the end of
the fiscal year.
4) Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets (e.g. roads, bridges,
curbs and gutters, streets and sidewalks, drainage systems, lighting systems, and similar items) are
reported in the applicable governmental or business-type activities columns in the government-wide
financial statements. The County defines capital assets as assets with an initial, individual cost of
$5,000 ($1,000 for computers) or more and an estimated useful life in excess of one year. Such
assets are valued at cost where historical records are available and at estimated historical cost where
no historical records exist. Donated capital assets are recorded at estimated fair market value at the
date of donation.
The costs of normal maintenance and repairs that do not add to the value or functionality of the asset,
or materially extend asset lives, are not capitalized.
Major outlays for capital assets and improvements are capitalized as the projects are constructed.
Interest is capitalized on proprietary fund assets acquired with tax-exempt debt. The amount of
interest to be capitalized is calculated by offsetting interest expense, incurred from the date of the
borrowing until completion of the project, with interest earned on invested proceeds over the same
period. Capital projects that are under construction and not yet ready for their intended use at year-
end are classified as “construction in progress” (CIP).
- 61 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
D. ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY (CONTINUED)
4) Capital Assets (continued)
Capital assets are depreciated using the straight-line method over the following estimated useful lives:
Assets Years
Buildings and structures 20 - 50
Improvements other than buildings 15 - 50
Infrastructure 20 - 50
Machinery and equipment 3 - 20
Office furniture, fixtures and equipment 5 - 15
Automobiles and trucks 7 - 10
5) Other Post-Employment Benefit Obligation
During fiscal year 2009, the County implemented the provisions of Governmental Accounting
Standards Board (GASB) Statement 43, Financial Reporting for Post-Employment Benefit
Plans Other than Pension Plans and GASB 45, Accounting and Financial Reporting by
Employers for Post-Employment Benefits Other Than Pensions. The Queen Anne’s County
post-employment plan provides medical insurance benefits to retirees and their eligible
dependents. The Plan’s financial information is prepared based on full accrual accounting.
Expenses are recognized on the accrual basis as retirees’ insurance costs are incurred.
Additional details regarding other post-employment benefits can be found in Notes 9 and 14.
Primary Government – In both the government-wide and enterprise funds, liability for other post-
employment benefits is adjusted at the end of the fiscal year. For the year ended June 30, 2009, the
other post-employment benefit obligation amounted to $4,304,045, including both governmental
($3,688,090) and business-type activities ($615,955).
Component Unit – Queen Anne’s County Housing Authority –The Housing Authority’s employees
are employees of the primary government, which is ultimately liable for their salaries and benefits.
Therefore, for the year ended June 30, 2009 the County recognized a liability for other post-
employment benefit obligation for these employees in the amount of $117,628, which is included in the
liability of $3,688,090 mentioned above for the Primary Government’s governmental activities.
Component Unit - Board of Education – For the year ended June 30, 2009, the other post-
employment benefit obligation for the Board of Education amounted to $4,372,045.
Component Unit – Free Library – For the year ended June 30, 2009, the other post-employment
benefit obligation for the Library amounted to $139,766.
6) Compensated Absences
Primary Government – The County’s policy is to pay employees for any unused vacation time, up to
a maximum of 65 days, upon termination of employment. Compensated absences are reported in
governmental funds only if they have matured, such as payments upon termination of employment,
vacation, and compensatory time paid as they are used during the year. Such time is paid as regular
wages. Compensated absences are reported in enterprise funds as they are accrued. In the
government-wide statements, liability for compensated absences is adjusted at the end of each fiscal
year to current salary costs. Accumulated unpaid leave of the County amounted to $2,507,711 at
June 30, 2009, including both governmental ($2,243,389) and business-type activities ($264,322).
- 62 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
D. ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY (CONTINUED)
6) Compensated Absences (continued)
Component Unit – Queen Anne’s County Housing Authority –The Housing Authority’s employees
are employees of the primary government, which is ultimately liable for their salaries and benefits.
Therefore, for the year ended June 30, 2009 the County recognized a liability for compensated
absences for these employees as part of its governmental activities in the amount of $39,396.
Component Unit - Board of Education – Accumulated unpaid annual leave is accrued when earned
in the Unrestricted Current Expense Fund using the modified accrual basis of accounting. In fiscal
year 1992, the Board adopted the practice of paying for any unused vacation time, up to the maximum
number of days that employees can carry over from one year to the next, upon termination of
employment. Maximum number of days varies from 20 to 30 days, depending on classification.
Liabilities for compensated absences are inventoried at the end of each fiscal year and adjusted to
current salary costs. Accumulated compensated absences as of June 30, 2009 amounted to
$855,027. Because payment of sick leave is contingent upon employees’ future illness or retirement,
the Board of Education expects its commitment to provide sick leave to be met during the normal
course of activities over the working lives of its present employees. Any accumulated unused sick
leave at retirement will ultimately be taken into consideration and paid through retirement benefits by
the State of Maryland.
7) Long-Term Obligations
In the government-wide financial statements and proprietary fund types in the fund financial
statements, long-term debt and other long-term obligations are reported as liabilities in the applicable
governmental activities, business-type activities, or proprietary fund type statements of net assets.
Bond premiums and discounts are deferred and amortized over the life of the bonds using the bonds
outstanding method. Bonds payable in the proprietary fund financial statements and noncurrent
liabilities in the government-wide financial statements are reported net of the applicable bond premium
or discount. Bond issuance costs are generally reported as a deferred asset and amortized over the
term of the related debt using the straight-line method.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as
well as bond issuance costs, during the current period. The face amount of debt issued is reported as
other financing sources. Premiums received on debt issuances are reported as other financing
sources while discounts on debt issuances are reported as other financing uses. Issuance costs,
whether or not withheld from the actual debt proceeds received, are reported as expenditures. When
debt is refunded, payments to the Bond Refunding Agent and associated bond issuance costs are
reported as other financing uses.
8) Net Assets/Fund Equity
In the government-wide financial statements, the County has reported negative unrestricted net assets
of $26,672,299. This deficit is due to the fact that the County issues general obligation bonded debt
for purposes of capital construction on behalf of the Queen Anne’s County Board of Education. The
capital assets constructed with the proceeds of this debt are reported on the financial statements of
Queen Anne’s County Board of Education. This amount is also classified as net assets invested in
capital assets, net of related debt, in the Board of Education column of the Component Units section of
the County’s government-wide Statement of Net Assets. Since the Board of Education is not
authorized to borrow funds, they do not have any debt.
- 63 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
D. ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY (CONTINUED)
8) Net Assets/Fund Equity (continued)
Since the issuance of such debt has not resulted in capital assets owned by the Primary Government,
the effect of this debt is reflected in a deficit balance in unrestricted net assets in the Governmental
Activities column of the government-wide Statement of Net Assets. At June 30, 2009, the County has
reported outstanding general obligation debt related to assets held by the Board of Education
amounting to $50,291,243. Absent the effect of this relationship, the County would have reported
positive unrestricted net assets of governmental activities in the amount of $23,618,944.
The County reports a portion of its net assets in its government-wide financial statements as restricted.
In this context, restricted means that, as of June 30, 2009, this portion of net assets was restricted for a
particular purpose either by external parties; by provision of the County Charter; or by enabling
legislation. Net assets restricted by enabling legislation represent legislative restrictions that a party
external to the government can compel the government to honor. For the County, such amounts
represent primarily accumulated net assets attributed to revenue streams that are restricted for
specified purposes in the County Code. This generally includes Capital Projects Fund impact fee
collections and developer exactions on hand for outside entities; ending fund balances of substantially
all special revenue funds; and ending unrestricted net assets of the Sanitary District and other
enterprise funds. Such amounts, which are restricted net assets in the government-wide statement of
Net Assets, are as follows at year-end:
Restricted Net Assets
Governmental activities $ 16,582,660
Business-type activities 19,886,675
Total $ 36,469,335
In the fund financial statements, governmental funds report reservations of fund balance for amounts
that are not available for appropriation or are legally restricted by outside parties for use for a specific
purpose.
9) Property Tax
The County's real property tax is levied each July 1 on the assessed values certified as of that date for
all taxable real property located in the County. The levy functions as a lien against the property.
Assessed values are established by the Maryland State Department of Assessments and Taxation at
estimated market value. A revaluation of all property is required to be completed every three years.
Taxes are then billed to property owners and collected by the County. Property represented by
delinquent taxes is sold at a public auction in May of the following calendar year, with title transferring
after foreclosure proceedings have been completed.
For principal residences only, an installment plan is offered whereby total tax is paid in two equal
installments. The first installment is due by September 30. Beginning October 1, a 1% penalty is
charged on the first day of each month that the installment remains unpaid. This 1% penalty is based
on the amount of the first installment only. The second installment is due by December 31. Beginning
January 1, the 1% penalty would then include all outstanding balances. The County accepts partial
payments.
- 64 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
D. ASSETS, LIABILITIES, AND NET ASSETS OR EQUITY (CONTINUED)
9) Property Tax (continued)
For non-principal residences, payment is due in full by September 30. Beginning October 1, a
penalty is charged for each month that taxes remain unpaid.
For new construction, completed and assessed between July 1 and December 31, a supplementary
tax is levied equal to half of the full-year levy. Payment in full is due by March 31. Beginning April
1, a penalty is charged for each month that taxes remain outstanding.
Real and personal property taxes are levied at rates enacted by the County Commissioners
in the annual budget on the assessed value as determined by the Maryland Department of
Assessments and Taxation. The rates of levy cannot exceed the constant yield rate
furnished by the Maryland State Department of Assessments and Taxation without public
notice and only after public hearings. The County tax rate for the fiscal year ended June 30, 2009
was $0.770 per $100 of assessed value.
NOTE 2 - BUDGETS AND BUDGETARY ACCOUNTING
Pursuant to the Code of Public Local Laws of Queen Anne's County, the County Commissioners adopt an
annual operating budget and real property tax rate prior to July 1 each year. This action, taken after public
hearings, provides the spending authority for the fiscal year beginning on July 1. Unexpended and
unencumbered appropriation authority expires the following June 30, except in the case of Capital Projects
where appropriations lapse only upon completion or cancellation of each project by the County
Commissioners. The appropriated budgets are prepared at the fund, function, and department level.
Expenditures/expenses may not legally exceed appropriations, based on the level at which they were
adopted. For the General Fund, annual expenditure budgets are legally adopted at the Departmental level.
For all other governmental Funds, for which annual budgets are adopted, expenditure budgets are legally
adopted at the Fund level.
During the fiscal year, the Commissioners may adopt supplemental appropriations. For the year ended
June 30, 2009, supplemental appropriations that increased are as follows:
Original Final
Supplemental Appropriations Budget Budget Increase
General Fund - expenditures and transfers $ 104,050,037 $ 105,651,001 $ 1 ,600,964
Special Revenue Funds that adopt annual budgets
Major - Roads Board - expenditures $ 6,809,660 $ 6,838,270 $ 2 8,610
Non-Major that adopt annual budgets -
Department of Aging - expenditures $ 3,043,627 $ 3,171,247 $ 1 27,620
Housing and Community Services - expenditures 1,038,575 1,253,657 2 15,082
Community Partnerships for Children - expenditures and transfers 2,178,837 2,191,130 1 2,293
Law Library - expenditures 3,000 83,136 8 0,136
Fire Company Impact Fees - expenditures 600,000 758,333 1 58,333
Agricultural Transfer - expenditures and transfers 660,000 2,134,894 1 ,474,894
Rural Legacy - expenditures - 1,000,000 1 ,000,000
Total Special Revenue Funds that adopt annual budgets $ 14,333,699 $ 17,430,667 $ 3 ,096,968
- 65 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 2 - BUDGETS AND BUDGETARY ACCOUNTING (CONTINUED)
All final budgets are presented as amended. The County Administrator may approve budget amendments of
$10,000 or less throughout the year. Amendments greater than $10,000 require the approval of the County
Commissioners.
Annual operating budgets are legally adopted for the General Fund, School Impact Fees Capital Projects
Funds, Roads Board Operating Fund, and the following non-major governmental funds: Department of Aging,
Housing and Community Services, Community Partnerships for Children, Dredging Special Assessments,
Kent Narrows, Law Library, Inmate Welfare, Agricultural Transfer, Rural Legacy, Fire Impact Fee Capital
Projects, and Parks and Recreation Impact Fee Capital Projects. Proprietary Fund budgets are adopted for
management control only and include all enterprise funds. Budgets are adopted using the same method of
accounting as that used for Fund reporting purposes.
Budgets for the General Capital Projects Fund and the Roads Capital Projects Fund reflect multi-year
appropriations at the individual project level. Expenditures may not legally exceed appropriations at that level
and appropriations lapse at the completion or cancellation of individual projects. In that these capital projects
funds do not adopt an annual budget per project, a Statement of Revenues, Expenditures, and Changes in
Fund Balances on a budget-to-actual basis is not presented for these funds.
GENERAL FUND
The following General Fund Departments exceeded their legally adopted expenditure budgets for the year
ended June 30, 2009. Note that actual Salary Reversion amounts are realized in the individual departments
and are not reported in this table:
Final (Negative)
General Fund Budget Actual Variance
General Government - Legal $ 3 36,040 $ 352,901 $ (16,861)
Debt Service 7 ,745,291 7,843,837 (98,546)
Transfer to Roads Board Operating 3 0,000 30,616 (616)
Transfer to Sanitary District - Sewer 4 ,050 4,592 (542)
Transfer to Fire Companies - Impact Fees - 37,069 (37,069)
Reversions - salary reversions ( 338,123) - (338,123)
SPECIAL REVENUE AND CAPITAL PROJECTS FUNDS
The following Special Revenue Fund exceeded its legally adopted expenditure budget for the fiscal year
ended June 30, 2009:
Special Revenue and Final (Negative)
Capital Projects Funds Budget Actual Variance
Agricultural Transfer $ 2,134,894 $ 2,214,032 $ (79,138)
- 66 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 3 – CASH, INVESTMENTS AND INVESTMENT INCOME
A. DEPOSITS AND INVESTMENTS
PRIMARY GOVERNMENT, PUBLIC HOUSING AUTHORITY, AND FIDUCIARY FUNDS
Cash and investments were as follows at year-end:
Collected
Primary Government, Public Housing & Fiduciary Carrying Bank Balances Total
Cash and Investments Amount or Fair Value Collateral
Demand Deposit Accounts, Short-Term
Certificates of Deposit and Petty Cash $ 21,739,530 $ 2 3,061,697 $ 2 6,422,251
Investment in Maryland Local
Government Investment Pool (MLGIP) 34,487,586 3 4,472,660 35,162,114
$ 56,227,116 $ 5 7,534,357 $ 6 1,584,366
Cash and investments reconcile to the basic financial statements as follows:
Primary Component Unit-
Cash and Investments Government Housing Authority Fiduciary Total
Unrestricted
Equity in Pooled Cash and Investments $ 40,349,760 $ 1 ,059,036 $ 1 ,933,821 $ 4 3,342,617
Cash and Cash Equivalents - 3 33,652 - 3 33,652
Restricted
Equity in Pooled Cash and Investments 12,449,980 - - 1 2,449,980
Investments - 1 00,867 - 1 00,867
$ 52,799,740 $ 1 ,493,555 $ 1 ,933,821 $ 56,227,116
At year-end, the carrying amount of combined deposits was $21,739,530 and the collected bank balances
were $23,061,697. Of the bank balances, $1,004,632 was insured by federal depository insurance (FDIC).
The uninsured balances were fully collateralized by securities placed with the respective banks’ escrow
agents and held in the County’s name.
Statutes authorize the County to invest in obligations of the United States Government, Federal government
agency obligations, secured time deposits in Maryland banks, bankers’ acceptances, the Maryland Local
Government Investment Pool, money market mutual funds, commercial paper and repurchase agreements
secured by direct government or agency obligations.
Of these options, the County participates in the Maryland Local Government Investment Pool (MLGIP), which
provides all local government units of the state with a safe investment vehicle for short-term investment of
funds. The State Legislature created MLGIP by enacting Section 22G of Article 94 of the Annotated Code of
Maryland. PNC Financial manages the MLGIP, under administrative control of the State Treasurer. A MLGIP
Advisory Committee of current participants reviews the activities of the Fund on a quarterly basis and
provides suggestions to enhance the pool. Standard and Poors rates the MLGIP as AAAm. The MLGIP
seeks to maintain a constant value of $1 per unit. Unit value is computed using the amortized cost method.
In addition, the net asset value of the pool, marked to market, is calculated and maintained on a weekly basis
to ensure a $1 per unit constant value.
- 67 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 3 – CASH, INVESTMENTS AND INVESTMENT INCOME (CONTINUED)
A. DEPOSITS AND INVESTMENTS (CONTINUED)
PRIMARY GOVERNMENT, PUBLIC HOUSING AUTHORITY, AND FIDUCIARY FUNDS (CONTINUED)
As of June 30, 2009, the County’s investments, for both custodial and credit risk purposes, consisted solely
of shares in the MLGIP. This investment is not deemed to have either risk and is in conformity with the
County’s policy relating to minimal credit risk of investments.
COMPONENT UNITS (BOARD OF EDUCATION AND LIBRARY)
Component Unit - Board of Education - At year-end, the carrying amount of deposits was $11,629,219,
including $300,000 in certificates of deposit and $1,612 cash on hand for petty cash and excluding the
carrying amount of fiduciary funds. The bank balances were $13,097,308. Of the bank balances,
$806,000 was insured by federal depository insurance (FDIC). The uninsured balances were fully
collateralized by securities held by the agent of the Board, in the Board’s name.
Component Unit – Library - At year-end, the carrying amount of all bank deposits, including a $634,754
certificate of deposit, was $1,260,388, while collected bank balances were $1,271,650. Of the bank
balances, $580,141 was insured by federal depository insurance (FDIC). The uninsured balances were
fully collateralized by securities held in the Library’s name.
B. INVESTMENT INCOME
PRIMARY GOVERNMENT
Total investment income earned in all governmental funds was credited for use as follows:
Investment
Governmental Funds Income
General Fund $ 397,616
Other Funds 29,522
Unrestricted Revenue 427,138
Restricted Revenue 215,334
Total Investment Income $ 642,472
- 68 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 4 - ACCOUNTS RECEIVABLE
Receivables as of June 30, 2009 for the governmental and business-type activities are as follows:
Total
General Roads School Non-Major Total Total Governmental
General Capital Capital Impact Fees Roads Governmental Governmental Enterprise and Enterprise
Accounts Receivable Fund Projects Projects Capital Board Funds Funds Funds Funds
Receivables
Taxes - Real Property $ 1 11,054 $ - $ - $ - $ - $ - $ 1 11,054 $ - $ 1 11,054
Taxes - Other 8 5,789 143,342 - - - - 2 29,131 - 229,131
Subtotal Taxes 1 96,843 143,342 - - - - 3 40,185 - 340,185
Other Accounts Receivable:
Health Department 1 27,776 - - - - - 1 27,776 - 127,776
Board of Education 9 ,007 - - - 29,155 - 3 8,162 - 3 8,162
Rubble Surcharge 2 3,135 - - - - - 2 3,135 - 2 3,135
Governmental Funds - User Fees - - 21,182 - - - 2 1,182 - 2 1,182
Retirees Insurance 1 7,529 - - - - - 1 7,529 - 1 7,529
Sheriff's Department 1 2,991 - - - - - 1 2,991 - 1 2,991
Recordation Tax Interest 11,170 - - - - - 11,170 - 11,170
Other Licenses and Permits 9 ,054 - - - - - 9 ,054 - 9 ,054
Juror Fee Reimbursements 7 ,005 - - - - - 7 ,005 - 7 ,005
Sanitary District - User and Septage Fees - - - - - - - 4 34,857 434,857
Airport - Fuel Sales and User and Rental Fees - - - - - - - 114,043 114,043
Miscellaneous Receivables 1 5,335 8 ,795 - - 2 11 23,355 4 7,696 8 6,157 133,853
Subtotal Other Accounts Receivable 2 33,002 8 ,795 21,182 - 29,366 23,355 3 15,700 6 35,057 950,757
Loans Receivable - - - 156,809 - 3,399,042 3 ,555,851 - 3,555,851
Subtotal Other Accounts and Loans Receivable 2 33,002 8 ,795 21,182 156,809 29,366 3,422,397 3 ,871,551 6 35,057 4,506,608
Special Assessments - - 570,024 - - 771,886 1 ,341,910 - 1,341,910
Intergovernmental
Income Taxes Held by State 11,695,290 - - - - - 11,695,290 - 11,695,290
Grants Receivable 8 92,424 442,605 - - - 641,056 1 ,976,085 1 24,310 2,100,395
State-Shared Highway User Tax - - - - 747,831 - 7 47,831 - 747,831
Bonds Receivable 2 ,097,684 - - - - - 2,097,684 - 2,097,684
Subtotal Intergovernmental 14,685,398 4 42,605 - - 747,831 641,056 16,516,890 1 24,310 16,641,200
Restricted Receivables
Accounts Receivable - - - - - - - 5 1,141 5 1,141
Special Assessments - - - - - - - 3,977,350 3,977,350
Subtotal Restricted Receivables - - - - - - - 4,028,491 4,028,491
Total Receivables $ 15,115,243 $ 5 94,742 $ 591,206 $ 156,809 $ 777,197 $ 4,835,339 $ 2 2,070,536 $ 4,787,858 $ 26,858,394
Note that receivables from Component Units are not included in the above table.
- 69 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 4 - ACCOUNTS RECEIVABLE (CONTINUED)
The County expects to receive all receivables listed in the table within one year, excluding the following items.
Intergovernmental receivables include bonds receivable from four other counties. In years 1994, 2000, and
2003, Queen Anne’s County sold $1,000,000, $2,815,000, and $710,000, respectively, of its general obligation
bonds for the purpose of providing the local share of capital projects at Chesapeake College. Five counties,
including Queen Anne’s County, provide local support for the College. The other four counties supporting
Chesapeake College have provided their bonds to Queen Anne’s County as evidence of their requirement to
reimburse their portion of the debt service. Bonds are amortized over the 20-year life of each of the original
Queen Anne's County Bonds. The current carrying value for the bonds receivable from the other four counties
are $285,000, $1,425,000, and $387,684, respectively, for a total of $2,097,684. The College bills and collects
from the original five counties an amount sufficient to cover this debt service and reimburses this amount to
Queen Anne’s County on a semi-annual basis.
Loans receivable in the amount of $3,555,851 relate to the Housing, Impact Fees, and Revolving Loan Special
Revenue Funds. Loans receivable in the amount of $3,261,213 for Housing and Community Services will be
repaid when the homes are sold, in virtually all cases. These loans support housing rehabilitation and home-
ownership. When the loans are repaid to the County, the funds are then loaned out again to serve the same
purpose. Loans for the Revolving Loan Fund in the amount of $102,719 are also repaid over a number of
years.
The remaining loan receivable balance of $191,919 relates to school, fire, and parks impact fees. In July 2007,
the County began accepting promissory notes for impact fees, in certain situations, with the understanding that
when certificate of occupancy was obtained, these notes would be paid in full. To ensure repayment, the notes
attach to the property incurring the impact fee; therefore, payment will be required automatically prior to legal
transfer of title.
Income taxes held by the State in the amount of $11,695,290 have been estimated by the State as income tax
due for “tax years” 2008 and prior. It may take five years or longer for the State to receive all amounts relating
to these “tax years” and remit those monies to the County. However, the State indicates that this is a
reasonable estimate of their liability to the County and the County reports this amount in accordance with
GAAP.
Special Assessments in the amount of $1,341,910 represent receivables for governmental activities. Part of
this amount consists of $570,024 for assessments levied on homeowners to reimburse the County for
construction or upgrade of private roads prior to their acceptance into the County Roads System. The other part
of this amount consists of $771,886 for assessments levied on homeowners relating to dredging costs. Both of
these assessments are paid back over a number of years.
Restricted Special Assessments in the amount of $3,977,350 represent restricted receivables for the Sanitary
District. These receivables relate to assessments levied on homeowners for the construction of sewer and
water lines, as well as for hook up costs. Only the current portion due is billed and the remaining balances are
repaid over a number of years, as determined by the original agreement. As the funds are paid back, the
County uses the money to repay debt.
- 70 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 5 – DEFERRED OR UNEARNED REVENUE
Governmental funds report deferred revenue in connection with receivables for revenues that are not
considered to be available to liquidate liabilities of the current period. In addition, governmental funds
defer revenue recognition in connection with resources that have been received, but unearned. At the end
of the current fiscal year, the components of unavailable revenue and unearned revenue were reported in
the governmental funds as deferred revenue as follows:
Deferred Revenue Unavailable Unearned Total
General Fund
Income Taxes Due from State $ 9 ,048,173 $ - $ 9,048,173
Property Taxes Receivable 8 1,977 - 8 1,977
Property Tax Deferrals - 9,416 9 ,416
Inter-governmental Bonds Receivable 2 ,097,684 - 2,097,684
Grant Drawdowns in Excess of Expenditures - 5,452 5 ,452
Subtotal 11,227,834 14,868 11,242,702
General Capital Projects Fund
Grant Drawdowns in excess of Expenditures - 69,826 6 9,826
Roads Capital Projects Fund
Benefit Assessments Receivable Not Currently Due - 570,024 5 70,024
Benefit Assessments Paid in Advance - 59,968 5 9,968
Subtotal - 629,992 6 29,992
Roads Board Operating Fund
Inspection Fees Collected In Advance - 604,199 6 04,199
School Impact Fees Fund
Impact Fees Loans Receivable Not Currently Due - 156,809 1 56,809
Non-Major Governmental Funds
Grant Drawdowns in Excess of Expenditures - 261,902 2 61,902
Benefit Assessments Receivable Not Currently Due - 771,886 7 71,886
Impact Fees Loans Receivable Not Currently Due - 35,110 35,110
Subtotal - 1,068,898 1 ,068,898
Total Deferred Revenue $ 11,227,834 $ 2,544,592 $ 13,772,426
- 71 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 6 – CAPITAL ASSETS
PRIMARY GOVERNMENT
Changes in the County’s capital assets for governmental activities for the year ended June 30, 2009 are
summarized as follows, with depreciation shown separately. Completed projects that were reclassified from
construction in progress (CIP) to other asset accounts during the year are reported in the same column, as
retirements from CIP and transfers to other asset accounts.
Balance Decreases/ Balance
Governmental Activities June 30, 2008 Increases Transfers June 30, 2009
Capital Assets, not being depreciated:
Land $ 37,025,806 $ 1,090,971 $ (1,062,723) $ 37,054,054
Land Improvements 1,710,235 - 86,033 1,796,268
Construction in Progress 10,070,812 6,040,429 (1,953,802) 1 4,157,439
Land - Inexhaustible Infrastructure Improvements 39,925,498 3 1,667 46,241 40,003,406
Total Capital Assets, not being depreciated 88,732,351 7,163,067 (2,884,251) 93,011,167
Capital Assets, being depreciated:
Buildings and Building Improvements 27,516,120 1,326,717 (879,623) 27,963,214
Improvements other than Buildings 4,667,381 7 7,570 182,726 4,927,677
Vehicles 8,141,233 770,122 (73,623) 8,837,732
Equipment 8,046,510 741,378 66,839 8,854,727
Furniture and Fixtures 9,070,793 298,654 (49,339) 9,320,108
Infrastructure Improvements - Depreciable 14,876,235 1 ,695 600,359 15,478,289
Total Capital Assets, being depreciated 72,318,272 3,216,136 (152,661) 75,381,747
Less Accumulated Depreciation for:
Buildings 6,581,242 4 42,867 (116,141) 6,907,968
Building Improvements 624,833 119,309 (107,623) 6 36,519
Improvements other than Buildings 662,315 132,819 (2,523) 792,611
Vehicles 4,446,687 679,260 (66,276) 5,059,671
Equipment 5,200,908 460,832 (88,200) 5,573,540
Furniture and Fixtures 4,676,481 905,246 (48,397) 5,533,330
Infrastructure Improvements - Depreciable 5,983,271 309,206 ( 11,801) 6,280,676
Total Accumulated Depreciation 28,175,737 3,049,539 (440,961) 30,784,315
Total Capital Assets, being depreciated, net 44,142,535 1 66,597 288,300 44,597,432
Governmental activities Capital Assets, net $ 132,874,886 $ 7,329,664 $ (2,595,951) $ 137,608,599
Further information about Capital Assets can be found in the Combining and Individual Fund Statements and
Schedules following the Notes.
- 72 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 6 – CAPITAL ASSETS (CONTINUED)
PRIMARY GOVERNMENT (CONTINUED)
Changes in the County’s capital assets for business-type activities for the year ended June 30, 2009 are
summarized as follows, with depreciation shown separately. Completed projects that were reclassified from
construction in progress (CIP) to other asset accounts during the year are reported in the same column, as
retirements from CIP and transfers to other asset accounts.
Balance Decreases/ Balance
Business-Type Activities June 30, 2008 Increases Transfers June 30, 2009
Capital Assets, not being depreciated:
Land $ 12,828,312 $ - $ 145,694 $ 12,974,006
Land Improvements 16,162 - - 16,162
Construction in Progress 2,072,670 745,731 (1,343,154) 1,475,247
Land - Inexhaustible Infrastructure Improvements 1,168,407 4,355 46,536 1,219,298
Total Capital Assets, not being depreciated 16,085,551 750,086 (1,150,924) 15,684,713
Capital Assets, being depreciated:
Buildings and Improvements to Buildings 17,722,910 5,164 458,420 18,186,494
Improvements other than Buildings 5,712,571 14,867 679,952 6,407,390
Automotive Equipment 1,146,498 50,470 - 1,196,968
Equipment 21,573,610 185,524 12,552 21,771,686
Furniture and Fixtures 74,039 12,497 - 86,536
Infrastructure Improvements - Depreciable 67,333,164 682,936 - 68,016,100
Total Capital Assets, being depreciated 1 13,562,792 951,458 1,150,924 115,665,174
Less Accumulated Depreciation for:
Buildings and Improvements to Buildings 4,413,914 683,434 - 5,097,348
Improvements other than Buildings 1,781,200 236,985 - 2,018,185
Automotive Equipment 703,821 89,794 - 793,615
Equipment 4,486,967 1,035,670 - 5,522,637
Furniture and Fixtures 56,956 4,164 - 61,120
Infrastructure Improvements - Depreciable 16,334,943 1,621,624 - 17,956,567
Total Accumulated Depreciation 27,777,801 3,671,671 - 31,449,472
Total Capital Assets, being depreciated, net 85,784,991 (2,720,213) 1,150,924 84,215,702
Business-Type activities Capital Assets, net $ 101,870,542 $ (1,970,127) $ - $ 99,900,415
- 73 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 6 – CAPITAL ASSETS (CONTINUED)
PRIMARY GOVERNMENT (CONTINUED)
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental Activities Depreciation
General Government $ 1 33,633
Public Safety 1,382,957
Public Works 8 96,479
Health 10,117
Social Services 248,110
Parks and Recreation 3 31,548
Library 23,610
Conservation of Natural Resources 18,018
Economic/Community Development 5 ,067
$ 3 ,049,539
Business-Type Activities
Major Enterprise Funds:
Sanitary District $ 3,341,625
Airport 166,542
Non-Major Enterprise Funds:
Parks and Recreation $ 155,473
Public Marinas 8,031 163,504
$ 3,671,671
- 74 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 6 – CAPITAL ASSETS (CONTINUED)
COMPONENT UNITS
Board of Education: Capital asset activity for the year ended June 30, 2009 is as follows:
Balance Balance
Board of Education June 30, 2008 Increases Decreases June 30, 2009
Capital Assets, not being depreciated:
Land $ 3,868,870 $ 2,494,170 $ - $ 6,363,040
Construction in Progress 12,895,416 7,227,162 ( 1,351,730) 18,770,848
Total Capital Assets, not being depreciated 16,764,286 9,721,332 ( 1,351,730) 25,133,888
Capital Assets, being depreciated:
Land Improvements 4,504,001 - - 4,504,001
Building Improvements 132,776,872 970,796 - 133,747,668
Furniture and Equipment 10,128,063 607,875 ( 1,284,515) 9,451,423
Total Capital Assets, being depreciated 147,408,936 1,578,671 ( 1,284,515) 147,703,092
Less Accumulated Depreciation for:
Land Improvements 2,775,840 210,806 - 2,986,646
Building Improvements 25,744,103 2,570,080 - 28,314,183
Furniture and Equipment 7,548,668 478,728 ( 1,269,324) 6,758,072
Total Accumulated Depreciation 3 6,068,611 3,259,614 ( 1,269,324) 38,058,901
Total Capital Assets, being depreciated, net 1 11,340,325 (1,680,943) ( 15,191) 109,644,191
Capital Assets, net $ 1 28,104,611 $ 8,040,389 $ ( 1,366,921) $ 134,778,079
- 75 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 6 – CAPITAL ASSETS (CONTINUED)
COMPONENT UNITS (CONTINUED)
Queen Anne’s County Free Library: Capital asset activity for the year ended June 30, 2009 is as follows:
Balance Balance
Library June 30, 2008 Increases Decreases June 30, 2009
Capital Assets, not being depreciated:
Artwork $ 29,850 $ - $ - $ 29,850
Capital Assets, being depreciated:
Books and Media 2,263,148 41,888 - 2,305,036
Building Improvements 239,072 - - 239,072
Total Capital Assets, being depreciated 2,502,220 41,888 - 2,544,108
Less Accumulated Depreciation for:
Books and Media 1,469,320 104,531 - 1,573,851
Building Improvements 85,025 6,130 - 91,155
Total Accumulated Depreciation 1,554,345 1 10,661 - 1,665,006
Total Capital Assets, being depreciated, net 947,875 (68,773) - 879,102
Capital Assets, net $ 977,725 $ (68,773) $ - $ 908,952
- 76 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 6 – CAPITAL ASSETS (CONTINUED)
COMPONENT UNITS (CONTINUED)
Queen Anne's County Housing Authority: Capital asset activity for the year ended June 30, 2009 is as
follows:
Balance Balance
Housing Authority June 30, 2008 Increases Decreases June 30, 2009
Capital Assets, not being depreciated:
Land $ 735,561 $ - $ - $ 735,561
Land Improvements 15,489 - - 15,489
Construction in Progress 8,586,715 6 85,872 - 9,272,587
Total Capital Assets, not being depreciated 9,337,765 6 85,872 - 10,023,637
Capital Assets, being depreciated:
Buildings and Improvements 15,354,141 - - 15,354,141
Vehicles 23,490 - - 23,490
Furniture, Fixtures, and Equipment 233,114 - - 2 33,114
Total Capital Assets, being depreciated 15,610,745 - - 15,610,745
Less Accumulated Depreciation for:
Buildings and Improvements 2,632,770 3 18,557 - 2,951,327
Vehicles 14,681 2 ,349 - 17,030
Furniture, Fixtures, and Equipment 108,378 1 2,669 - 121,047
Total Accumulated Depreciation 2,755,829 3 33,575 - 3,089,404
Total Capital Assets, being depreciated, net 12,854,916 (333,575) - 12,521,341
Capital Assets, net $ 2 2,192,681 $ 3 52,297 $ - $ 22,544,978
- 77 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 7 - INTERFUND RECEIVABLES AND PAYABLES
Interfund receivables and payables are usually used by the County to cover temporary cash deficits in
individual funds until grant or similar resources are received. Occasionally, these receivables and payables
are used in lieu of short-term external borrowing, such as for capital lease agreements.
Intra-entity receivables and payables usually relate to capital construction projects, wherein the primary
government records a liability to its component unit at year-end while the component unit records a payable to
the contractor.
The interfund and intra-entity receivables and payables consist of the following at June 30, 2009:
Due from Fund
General Non-Major Sanitary Non-Major Housing Authority - Total Due From
Capital Projects Governmental District Enterprise Component Unit Other Funds
Due to Fund
General $ - $ 301,561 $ - $ 507 $ 454,157 $ 756,225
General Capital Projects - - 40,000 - - 40,000
Sanitary District - - 40,341 - - 40,341
Non-Major Enterprise - - - 40,000 - 40,000
Board of Education -
Component Unit 635,771 - - - - 635,771
Total Due to Other Funds $ 635,771 $ 301,561 $ 80,341 $ 40,507 $ 454,157 $ 1,512,337
On June 30, 2009, the County issued a check in the amount of $489,581 to the Board of Education as part
of a local allocation for fiscal year 2009. The Board recorded receipt of this check in fiscal year 2010,
resulting in a receivable on the Board’s financial statements of $1,125,352 for fiscal year 2009, which
consists of $489,581 for this check, plus $635,771 as shown in the table above. This timing difference
resulted in a reconciling item with the Board, as the County appropriately recorded this cash disbursement
on its books in fiscal year 2009.
Interfund receivables and payables are reported on the Statement of Net Assets as Internal Balances, net of
transactions between the same types of funds. Further information about the interfund and intra-entity
receivables and payables can be found in the Detailed Schedule of Interfund Receivables and Payables
following the Notes.
- 78 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 8 - INTERFUND TRANSFERS
Interfund transfers represent a transfer of resources from one fund to another without expectation of
repayment. Usually, these transfers are undertaken to enable the receiving entity to provide services that the
government has determined to be in the best interest of the County. The following interfund transfers were
made during the fiscal year ended June 30, 2009:
Transfers in Fund
Total General General Roads Non-Major Major Non-Major Total
Transfers Out Fund Capital Projects Board Governmental Enterprise Enterprise Transfers In
Transfers Out Fund
General Fund $ 2,573,612 $ - $ 21,483 $ 30,616 $ 2,222,186 $ 196,207 $ 103,120 $ 2,573,612
General Capital Projects (1) 3,808,465 543,019 - - 135,000 1,179,885 1,868,862 3,726,766
Roads Capital Projects 20,000 - 20,000 - - - - 20,000
Impact Fees - Schools 1,408,120 1,408,120 - - - - - 1,408,120
Total Capital Projects Funds 5,236,585 1,951,139 20,000 - 135,000 1,179,885 1,868,862 5,154,886
Non-Major Governmental 1,069,075 69,075 - - 1,000,000 - - 1,069,075
Sanitary District - Restricted 1,343,312 - - - - 1,343,312 - 1,343,312
Sanitary District - Debt Service 2 ,114,845 - - - - 2,114,845 - 2,114,845
Total Sanitary District Funds 3,458,157 - - - - 3,458,157 - 3,458,157
Total Transfers Out $ 12,337,429 $ 2,020,214 $ 41,483 $ 30,616 $ 3,357,186 $ 4,834,249 $ 1,971,982 $ 12,255,730
(1) In fiscal year 2009, the General Capital Projects Fund transferred 2006 bond proceeds in the amount of
$81,699 to the Bay Bridge Airport Enterprise Fund. This transaction was appropriately recorded on the
Airport’s books as an increase in debt liability and on the General Capital Projects Fund’s books as a transfer
out. Since enterprise funds and governmental funds record such transactions differently, the $81,699 is
reported in the above table only as a transfer out with no corresponding transfer in.
Further information about interfund transfers can be found in the Detailed Schedule of Interfund Transfers
following the Notes.
- 79 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES
A. CHANGES IN NONCURRENT LIABILITIES
During the year ended June 30, 2009, the following changes occurred in the noncurrent liabilities of the
primary government’s governmental activities:
PRIMARY GOVERNMENT Retirements Due in
Balance Additions and Balance Due Within More than
Governmental Activities June 30, 2008 of new debt Repayments June 30, 2009 One Year One Year
General Bonds Payable $ 70,752,345 $ - $ 5,331,424 $ 65,420,921 $ 5,060,635 $ 60,360,286
Notes Payable 822,617 122,780 32,214 913,183 61,101 852,082
Bond Premiums, Net of
Issuance Costs 716,049 - 64,723 651,326 64,722 586,604
Deferred Refunding Costs (1,830,926) - (170,484) (1,660,442) (170,483) (1,489,959)
Capital Leases 202,978 - 47,496 155,482 49,599 105,883
70,663,063 122,780 5,305,373 65,480,470 5,065,574 60,414,896
Other Post-Employment Benefit Obligation - 4,632,723 944,633 3,688,090 - 3,688,090
Compensated Absences 1,969,026 1,650,461 1,376,098 2,243,389 1,555,115 688,274
$ 72,632,089 $ 6,405,964 7,626,104 $ 71,411,949 $ 6,620,689 $ 64,791,260
Less College Reimbursements (206,625)
$ 7,419,479
The reconciliation from retirements and repayments in the above table to the total principal payments on the
Statement of Revenues, Expenditures, and Changes in Fund Balance is as follows:
Retirements and Repayments
General Bonds Payable $ 5 ,331,424
Notes Payable 3 2,214
Capital Leases 4 7,496
LESS: Distributions of 2006 Bonds (115,162)
LESS: College Reimbursements (206,625)
Total Principal Payments $ 5,089,347
Note that distributions of the 2006 bonds for $115,162 represents debt that was distributed during fiscal year
2009 from governmental activities to: the Airport for $81,699 and the Housing Authority for $33,463 for the
2006 bonds.
Note also that college reimbursements of $206,625, for debt payments made by the County for bonds
undertaken on behalf of the college, were offset by the County’s allocation to the college in the amount of
$52,275 for this debt.
- 80 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES (CONTINUED)
A. CHANGES IN NONCURRENT LIABILITIES (CONTINUED)
During the year ended June 30, 2009, the following changes occurred in the noncurrent liabilities of the
primary government’s business-type activities:
PRIMARY GOVERNMENT Retirements Due in
Balance Additions and Balance Due Within More than
Business-Type Activities June 30, 2008 of new debt Repayments June 30, 2009 One Year One Year
Golf Course $ 976,075 $ - $ 60,000 $ 916,075 $ 75,000 $ 841,075
Airport 493,349 81,699 36,000 539,048 35,319 503,729
Public Marinas 67,316 - 8,229 59,087 8,283 50,804
Sanitary District 23,615,821 - 1,931,400 21,684,421 1,901,675 19,782,746
Subtotal Debt 25,152,561 81,699 2,035,629 23,198,631 2,020,277 21,178,354
Bond Premiums, Net of
Issuance Costs
Golf Course 31,817 - 2,651 29,166 2,651 26,515
Airport 9,982 - 832 9,150 832 8,318
Deferred Refunding Costs
Golf Course (70,659) - (5,888) (64,771) (5,888) (58,883)
Airport (22,167) - (1,847) (20,320) (1,847) (18,473)
Sanitary District (95,543) - (27,210) (68,333) (20,833) (47,500)
Subtotal Bond Premiums, Issuance
and Deferred Refunding Costs (146,570) - (31,462) (115,108) (25,085) (90,023)
Other Post-Employment Benefit Obligation - 679,277 63,322 615,955 - 615,955
Compensated Absences 243,176 191,095 169,949 264,322 183,228 81,094
$ 25,249,167 $ 952,071 $ 2,237,438 $ 23,963,800 $ 2,178,420 $ 21,785,380
Addition of new debt listed above in the amount of $81,699 for the Airport represents a distribution of the 2006
bonds.
- 81 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES (CONTINUED)
A. CHANGES IN NONCURRENT LIABILITIES (CONTINUED)
During the year ended June 30, 2009, the following changes occurred in the noncurrent liabilities of the
primary government’s Component Units:
COMPONENT UNITS Retirements Due in
Board of Education, Free Library, Balance Additions and Balance Due Within More than
and Housing Authority June 30, 2008 of new debt Repayments June 30, 2009 One Year One Year
Queen Anne's County
Board of Education
Capital Lease $ 261,176 $ 17,758 $ 1 15,238 $ 1 63,696 $ 8 1,489 $ 82,207
Compensated Absences 787,902 176,981 1 09,856 8 55,027 2 05,212 649,815
Other Post-Employment Benefit Obligation - 4,372,045 - 4 ,372,045 - 4,372,045
Subtotal 1,049,078 4,566,784 2 25,094 5 ,390,768 2 86,701 5,104,067
Free Library
Other Post-Employment Benefit Obligation - 139,766 - 1 39,766 - 139,766
Housing Authority
Terrapin Grove Phase II Loan 736,217 - 4 0,908 6 95,309 4 0,908 654,401
Scattered Site Housing
Reimbursement to County for
Portion of 2003 Bonds 2 72,311 - 1 2,563 2 59,748 1 3,301 246,447
Repay Loan from County Housing
Revolving Loan Fund 502,224 - - 5 02,224 - 502,224
Reimbursement to County for
Portion of 2006 Bonds 355,859 33,463 1 3,760 3 75,562 1 4,276 361,286
Subtotal 1 ,866,611 33,463 6 7,231 1 ,832,843 6 8,485 1,764,358
$ 2,915,689 $ 4,740,013 $ 2 92,325 $ 7 ,363,377 $ 3 55,186 $ 7,008,191
The addition of new debt listed above in the amount of $33,463 for the Housing Authority represents a
distribution of the 2006 bonds.
Housing Authority employees are employees of the primary government, which is ultimately liable for their
salaries and benefits. Therefore, the County recognized a liability for OPEB obligations and compensated
absences for Housing Authority employees as part of the County’s governmental activities in the amount of
$117,628 and $39,396, respectively.
B. GENERAL OBLIGATION BONDS, NOTES, OTHER POST-EMPLOYMENT BENEFIT OBLIGATION,
AND COMPENSATED ABSENCES
PRIMARY GOVERNMENT
All general obligation bonds are valid and legally binding general obligations of Queen Anne’s County and
constitutes an irrevocable pledge of its full faith and credit and unlimited taxing power. Governmental bonds
are payable from ad valorem taxes, unlimited as to rate or amount on all real, tangible, personal, and certain
intangible property subject to taxation at full rate for local purposes in the County.
- 82 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES (CONTINUED)
B. GENERAL OBLIGATION BONDS, NOTES, OTHER POST-EMPLOYMENT BENEFIT OBLIGATION,
AND COMPENSATED ABSENCES (CONTINUED)
PRIMARY GOVERNMENT (CONTINUED)
Business-type bonds, while representing general obligations of the County government, are to be paid from
income earned by the related enterprise fund. Enterprise funds that have such debt are: Water, Sewer, Bay
Bridge Airport, Blue Heron Golf Course, and Public Marinas.
During fiscal year 2009, the County implemented the provisions of Governmental Accounting Standards
Board (GASB) Statement 43, Financial Reporting for Post-Employment Benefit Plans Other than Pension
Plans and GASB 45, Accounting and Financial Reporting by Employers for Post-Employment Benefits Other
Than Pensions. For governmental funds, the other post-employment benefit obligations are reported in the
government-wide statements in the function in which that employee usually charges their productive time.
For enterprise funds, these obligations are reported in the enterprise fund in which that employee charges the
majority of their productive time. Additional information can be found in Note 14, Other Post-Employment
Benefits.
Compensated absences that mature during the fiscal year, in that they are paid when the employee takes
vacation or compensatory leave or upon the employee’s termination, are typically liquidated from the
governmental or enterprise fund in which that employee charges the majority of their productive time. It is
paid as regular wages. Compensated absences that do not mature during the fiscal year are accrued at year-
end as an adjustment to liability for compensated absences. For governmental funds, these adjustments are
reported in the government-wide statements in the function in which that employee usually charges their
productive time. For enterprise funds, these adjustments are reported in the enterprise fund in which that
employee charges the majority of their productive time. In the case of grant-funded activities that disallow
compensated absences as an eligible cost, they are paid as administrative wages in the same Fund.
Compensated absences in governmental funds are primarily charged to the General Fund or Special
Revenue Funds; they are usually not charged to Capital Projects Funds.
- 83 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES (CONTINUED)
B. GENERAL OBLIGATION BONDS, NOTES, OTHER POST-EMPLOYMENT BENEFIT OBLIGATION,
AND COMPENSATED ABSENCES (CONTINUED)
PRIMARY GOVERNMENT (CONTINUED)
As of June 30, 2009, general obligation bonds and notes payable for governmental activities are comprised of
the following, along with other post-employment benefits and accrued compensated absences:
Year Amount Outstanding Due in
Paying Interest Series of Original June 30, Due Within More than
Governmental Activities Fund Rate Matures Issue 2009 One Year One Year
General Obligation Bonds Payable
2000 Public Facilities General 4.25%-5.50% 2010 $ 31,175,000 $ 1,725,000 $ 1,725,000 $ -
2002 Refunding Bonds General 3.00%-5.00% 2013 6,310,000 3,665,000 835,000 2,830,000
2003 Public Facilities General 3.50%-4.50% 2023 13,265,000 10,285,252 526,699 9,758,553
2005 Refunding Bonds General 3.00%-5.00% 2019 30,026,336 28,596,336 1,170,000 27,426,336
2006 Public Facilities General 4.000%-5.375% 2027 23,049,812 21,149,333 803,936 20,345,397
Subtotal Bonds Payable 65,420,921 5,060,635 60,360,286
Notes Payable
2009 CELP Loan General 2.00% 2015 122,780 114,566 16,676 97,890
State of Maryland - Price Ck. Spec. Rev. 0.00% 2021 625,000 288,000 24,000 264,000
State of Maryland - Grove Ck. Spec. Rev. 0.00% 2034 510,617 510,617 20,425 490,192
Subtotal Notes Payable 913,183 61,101 852,082
Subtotal Bonds and Notes Payable 66,334,104 5,121,736 61,212,368
2005 Bond Premiums 764,299 76,391 687,908
2005 Bond Issuance Costs (112,973) (11,669) (101,304)
2005 Deferred Refunding Costs (1,660,442) (170,483) (1,489,959)
2006 Bond Premiums 216,404 12,022 204,382
2006 Bond Issuance Costs (216,404) (12,022) (204,382)
Total Governmental Activities 65,324,988 5,015,975 60,309,013
Long-term Obligation under
Capital Lease Agreements General 4.38% 2012 248,460 155,482 49,599 105,883
Other Post-Employment Benefit Obligation 3,688,090 - 3,688,090
Accrued Compensated Absences 2,243,389 1,555,115 688,274
$ 71,411,949 $ 6,620,689 $ 64,791,260
Details relating to the capital lease obligation can be found in Note 9, Section E – Capital Lease Obligations.
- 84 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES (CONTINUED)
B. GENERAL OBLIGATION BONDS, NOTES, OTHER POST-EMPLOYMENT BENEFIT OBLIGATION,
AND COMPENSATED ABSENCES (CONTINUED)
PRIMARY GOVERNMENT (CONTINUED)
The annual requirements to amortize general obligation bonds and notes payable outstanding as of June 30,
2009 for governmental activities are as follows:
Governmental Activities
Year Ending Governmental Bonds Payable Governmental Notes Payable
June 30, Principal Interest Total Principal Interest Total
2010 $ 5,060,635 $ 2,716,696 $ 7,777,331 $ 6 1,101 $ 2,209 $ 63,310
2011 5,248,920 2,490,696 7,739,616 6 1,436 1,873 63,309
2012 5,456,925 2,286,290 7,743,215 6 1,777 1,531 63,308
2013 5,195,087 2,078,642 7,273,729 6 2,127 1,182 63,309
2014 5,432,935 1,876,092 7,309,027 6 2,483 827 63,310
2015-2019 22,161,417 6,336,049 28,497,466 2 49,892 557 250,449
2020-2024 12,152,773 2,275,199 14,427,972 1 50,125 - 150,125
2025-2034 4,712,229 382,208 5,094,437 2 04,242 - 204,242
$ 65,420,921 $ 20,441,872 $ 85,862,793 $ 9 13,183 $ 8,179 $ 921,362
These repayment schedules exclude amortization of bond premiums ($980,703), issuance costs (negative
$329,377), and deferred refunding costs (negative $1,660,442).
For the year ended June 30, 2009, total principal, debt issuance costs, and interest incurred by governmental
funds relating to general obligation bonds and notes payable, less College reimbursements, were $5,089,347,
negative $423, and $2,778,490, respectively.
- 85 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES (CONTINUED)
B. GENERAL OBLIGATION BONDS, NOTES, OTHER POST-EMPLOYMENT BENEFIT OBLIGATION,
AND COMPENSATED ABSENCES (CONTINUED)
PRIMARY GOVERNMENT (CONTINUED)
General obligation bonds and notes payable outstanding as of June 30, 2009 for business-type activities are
comprised of the following, as well as other post-employment benefits and accrued compensated absences:
Year Amount Outstanding Due in
Interest Series of Original June 30, Due Within More than
Business -Type Activities Rate Matures Issue 2009 One Year One Year
Golf Course
2005 Refunding Bonds 3.00%-5.00% 2019 $ 1,076,075 $ 916,075 $ 7 5,000 $ 841,075
2005 Bond Premiums 33,452 3 ,041 30,411
2005 Bond Issuance Costs (4,286) (390) (3,896)
2005 Deferred Refunding Costs (64,771) (5,888) (58,883)
Subtotal Golf Course 880,470 7 1,763 808,707
Airport
2005 Refunding Bonds 3.00%-5.00% 2019 337,588 267,588 2 5,000 242,588
2006 Public Facilities Bonds 4.000%-5.375% 2027 185,990 271,460 1 0,319 261,141
2005 Bond Premiums 10,495 9 54 9,541
2005 Bond Issuance Costs (1,345) (122) (1,223)
2005 Deferred Refunding Costs (20,320) (1,847) (18,473)
2006 Bond Premiums 2,777 1 54 2,623
2006 Bond Issuance Costs (2,777) (154) (2,623)
Subtotal Airport 527,878 3 4,304 493,574
Public Marinas
2006 Public Facilities Bonds 4.000%-5.375% 2027 4,198 38,645 1 ,469 37,176
2006 Bond Premiums 395 2 2 373
2006 Bond Issuance Costs (395) (22) (373)
State of Maryland - Shore Erosion Loan 0% 2015 102,208 20,442 6 ,814 13,628
Subtotal Marinas 59,087 8 ,283 50,804
Sanitary District
2002 Refunding Bonds 3.00%-5.00% 2013 3,385,000 2,080,000 4 50,000 1,630,000
Maryland Water Quality-Cloverfields 5.09% 2013 4,282,209 856,442 214,110 642,332
Maryland Water Quality-Digester 4.41% 2013 1,121,377 357,052 8 3,533 273,519
Maryland Water Quality-Bay City 3.50% 2015 3,476,961 1 ,411,078 2 15,427 1,195,651
Maryland Water Quality-2005 Enhancement 1.00% 2027 18,252,291 16,571,369 8 45,595 15,725,774
State of Maryland 6.10% 2010 500,000 68,788 3 3,485 35,303
Bank of America 5.60% 2010 200,000 28,212 1 8,712 9,500
Queenstown Bank-Cloverfields Hookup 8.13% 2015 435,000 202,085 2 8,622 173,463
Queenstown Bank-Bay City Hookup 7.90% 2015 205,000 109,395 1 2,191 97,204
Subtotal Debt 21,684,421 1 ,901,675 19,782,746
Prior Issue Deferred Refunding Costs (68,333) (20,833) (47,500)
Subtotal Sanitary District 21,616,088 1 ,880,842 19,735,246
Total Enterprise Debt before
Other Post-Employment Benefit Obligation and Compensated Absences 23,083,523 1 ,995,192 21,088,331
Other Post-Employment Benefit Obligation 615,955 - 615,955
Accrued Compensated Absences 264,322 1 83,228 81,094
Total Enterprise Funds $ 23,963,800 $ 2 ,178,420 $ 21,785,380
- 86 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES (CONTINUED)
B. GENERAL OBLIGATION BONDS, NOTES, OTHER POST-EMPLOYMENT BENEFIT OBLIGATION,
AND COMPENSATED ABSENCES (CONTINUED)
PRIMARY GOVERNMENT (CONTINUED)
The annual requirements to amortize business-type bonds and notes outstanding at June 30, 2009, are as
follows:
Business-Type Activities
Year Ending Business-Type Bonds Payable Business-Type Notes Payable
June 30, Principal Interest Total Principal Interest Total
2010 $ 561,788 $ 148,587 $ 710,375 $ 1 ,458,489 $ 386,922 $ 1,845,411
2011 597,285 121,785 719,070 1 ,474,191 349,912 1,824,103
2012 617,853 92,718 710,571 1 ,453,235 312,853 1,766,088
2013 433,350 68,298 501,648 1 ,471,183 277,186 1,748,369
2014 448,989 48,285 497,274 1 ,183,289 219,140 1,402,429
2015-2019 639,249 123,895 763,144 4 ,859,903 792,159 5,652,062
2020-2024 206,161 27,632 233,793 4 ,764,661 533,891 5,298,552
2025-2027 69,093 5,603 74,696 2 ,959,912 204,451 3,164,363
$ 3,573,768 $ 636,803 $ 4,210,571 $ 1 9,624,863 $ 3,076,514 $ 22,701,377
For the year ended June 30, 2009, total principal and interest incurred by business-type activities relating to
bonds and notes payable were $2,035,629 and $589,342, respectively.
C. DEFEASANCE OF DEBT
Prior Years’ Refunding Bonds – In prior years, Queen Anne’s County defeased certain general obligation
bonds by placing the proceeds of new bonds with an escrow agent in an irrevocable trust to provide for all
future debt service payments on the old bonds.
Accordingly, the trust account assets and liabilities for the defeased bonds are not included in the financial
statements for Queen Anne’s County. At June 30, 2009, $18,465,000 of bonds outstanding are considered
defeased. All relate to the 2005 Refunding Bonds that defeased the majority of the County’s Series 2000
Bonds.
- 87 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 9 – NONCURRENT LIABILITIES (CONTINUED)
D. ISSUANCE OF NEW DEBT
PRIMARY GOVERNMENT
GOVERNMENTAL ACTIVITIES
During fiscal year 2009, Queen Anne’s County received loan proceeds from the Maryland Energy
Administration in the amount of $122,780 as part of the Community Energy Loan Program (CELP). This
loan carries an interest rate of 2.0 percent and is to be repaid in 14 semi-annual installments. The first
payment was made in June 2009, with final payment scheduled for December 2015. The CELP proceeds
will be used for the purchase and installation of a geothermal heat pump for the Kent Island Elementary
School.
E. CAPITAL LEASE OBLIGATIONS
PRIMARY GOVERNMENT
In September 2006, Queen Anne’s County entered into a capital lease agreement for two roll-off trucks for
a net total of $248,460, after trade-ins. The trucks were purchased for the Solid Waste Department. This
lease agreement qualifies as a capital lease; therefore, it has been recorded at the present value of future
minimum lease payments as of the inception of the lease.
As of June 30, 2009, the assets acquired and placed in service, net of depreciation, are as follows:
Vehicles $ 248,460
Less accumulated depreciation (64,185)
Total asset value for capital lease $ 184,275
The future minimum lease obligations and the net present value of the minimum lease payments as of
June 30, 2009, are as follows:
Fiscal Year Ending lease
June 30, payments
2010 $ 55,872
2011 55,872
2012 55,871
Total future minimum lease payments 167,615
Less amount representing interest (12,133)
Net present value of
minimum lease payments $ 155,482
- 88 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 10 – RESTRICTED ASSETS AND LIABILITIES AND RESERVED/DESIGNATED FUND
BALANCES
A. RESTRICTED ASSETS AND RELATED LIABILITIES
PRIMARY GOVERNMENT
BUSINESS-TYPE ACTIVITIES
Queen Anne’s County Sanitary District
Restricted Fund - The County Commissioners created a restricted fund within the Sanitary District Enterprise
Fund in November of 1989 by enabling legislation. Revenue sources to the fund are sales of water and
sewer allocations and interest earned on investments. Authorized uses of restricted funds are major capital
expenses for repairs, construction, plant expansion, debt service, or other similar uses within the Sanitary
District. To date, such funds have been used almost exclusively for debt service.
Debt Service Fund - Principal and interest payments for water and wastewater debt used to expand the
service area are payable primarily from water and sewer special benefit assessments. These assessments,
made at the time the expansion is ready for use, are created by enabling legislation and amortized over the
same life as underlying debt. They constitute a lien on the served property and may be prepaid at any time.
The amount of assessments collectable in future years is recorded as benefit assessments receivable. A
portion of those assessments receivable is not due currently and is recorded as unearned revenue.
Water Quality Revolving Loan Fund debt covenants stipulate that sufficient financial resources must be
available in the Debt Service Fund as of June 30 of each year to cover the subsequent year’s debt service
payments. If such resources are not available at that time, the covenants require that the County increase
service rates, impose benefit assessments, or otherwise increase financial resources so that debt service
payments are covered before they are due throughout the year.
The assets and related liabilities restricted for the above purposes at June 30, 2009 are as follows:
Sanitary District
Business -Type Activities Restricted Debt Service Total
Current Restricted Assets
Equity in Pooled Cash $ 8 ,269,792 $ 4,180,188 $ 12,449,980
Accounts Receivable (Net) 10,119 41,022 5 1,141
Subtotal 8,279,911 4,221,210 12,501,121
LESS Current Liabilities Payable from Current Restricted Assets
Current Portion of Bonds Payable from Restricted Assets - (46,456) (46,456)
Net Current Restricted Assets 8,279,911 4,174,754 12,454,665
Noncurrent Restricted Assets
Special Assessments Receivable (Net) 1 ,486,365 2,490,985 3,977,350
LESS Noncurrent Liabilities Payable from Noncurrent Restricted Assets
Unearned Revenue (1,486,365) (2,316,505) (3,802,870)
Net Noncurrent Restricted Assets - 174,480 174,480
Net Restricted Assets $ 8,279,911 $ 4,349,234 $ 12,629,145
- 89 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 10 – RESTRICTED ASSETS AND LIABILITIES AND RESERVED/DESIGNATED FUND
BALANCES (CONTINUED)
B. RESTRICTED NET ASSETS
PRIMARY GOVERNMENT
GOVERNMENTAL ACTIVITIES
Net Assets Invested in Capital Assets, Net of Related Debt, for governmental activities, is calculated as
follows:
Governmental Activities
Total Debt excluding Compensated Absences and OPEB Obligation $ (65,480,470)
Add back: Debt relating to Board of Education Assets $ 50,291,243
Add back: Debt relating to non-capital assets (Dredging) 798,617
Add back debt unrelated to Capital Assets 51,089,860
Net Assets Invested in Capital Assets 137,608,599
Total Capital Assets, net of related debt $ 123,217,989
BUSINESS-TYPE ACTIVITIES
Net Assets Invested in Capital Assets, Net of Related Debt; Restricted; and Unrestricted Net Assets, for
business-type activities, are as follows:
Sanitary District Non-Major Total
Sewer Water Restricted Debt Service Total Bay Bridge Enterprise Enterprise
Business-Type Activities Operating Operating Fund Fund Sanitary Airport Funds Funds
Capital Assets, net of Accumulated Depreciation $ 63,123,518 $ 16,137,613 $ - $ - $ 7 9,261,131 $ 12,848,699 $ 7 ,790,585 $ 99,900,415
Less: Debt excluding Compensated Absences
and OPEB Obligation 19,390,190 1,896,102 - - 2 1,286,292 527,878 939,557 2 2,753,727
Invested in Capital Assets, Net of Related Debt 43,733,328 14,241,511 - - 5 7,974,839 12,320,821 6 ,851,028 77,146,688
Restricted Net Assets
Debt Service - - - 4,020,982 4,020,982 - - 4 ,020,982
Capital Projects - - 753,300 - 7 53,300 - - 7 53,300
Total Restricted Net Assets - - 753,300 4,020,982 4,774,282 - - 4 ,774,282
Total Unrestricted Net Assets 4,400,590 2,237,988 7,486,611 - 1 4,125,189 73,508 913,696 1 5,112,393
Total Net Assets $ 48,133,918 $ 16,479,499 $ 8,239,911 $ 4,020,982 $ 76,874,310 $ 12,394,329 $ 7 ,764,724 $ 97,033,363
Sanitary District debt, excluding compensated absences and OPEB obligation of $21,286,292 above, also
excludes $329,796 from the Debt Service Fund, as there are no capital assets related to that debt.
Unrestricted Net Assets total $15,112,393 above for business-type activities. However, these assets
become restricted when included in the Government-Wide Financial Statements found on pages 34 to 35.
The Sanitary District’s Unrestricted Net Assets found in the Restricted Fund of $7,486,611 are restricted
in that these resources can only be used for capital purchases or debt payments; hence, they are reported
in the Restricted Fund. However, the remaining unrestricted net assets noted in the other business-type
funds total $7,625,782 and are restricted when reported in the Government-Wide Financial Statements
because they may be used for business-type operations but not for governmental operations.
- 90 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 10 – RESTRICTED ASSETS AND LIABILITIES AND RESERVED/DESIGNATED FUND
BALANCES (CONTINUED)
C. RESERVED FUND BALANCES
PRIMARY GOVERNMENT
Reserved Fund Balances for governmental funds are as follows:
General Roads School Roads Total
General Capital Capital Impact Board Non-Major Governmental
Governmental Funds Fund Projects Projects Fees Operating Governmental Funds
Reserved Fund Balances
Loan Receivables $ - $ - $ - $ 1 56,809 $ - $ 3,399,042 $ 3,555,851
Donor-Specified Purposes 94,436 - - - - 1,050 95,486
Contingencies per County Code-Mandated
7% Reserve 7,271,414 - - - - - 7,271,414
Other Legally Restricted Purposes - Other 1,136,735 - - - 4 90,479 1,077,738 2,704,952
Other Legally Restricted Purposes - Highway Activities - - - - 2 ,434,666 - 2,434,666
Other Legally Restricted Purposes - Capital Projects - 176,741 343,550 - - - 520,291
Subtotal 8 ,502,585 1 76,741 3 43,550 1 56,809 2 ,925,145 4 ,477,830 16,582,660
Prepaid Items 16,067 - - - - - 16,067
Encumbrances 120,948 7,508,234 1,030,752 - - - 8,659,934
Inventory 4,000 - - - 3 88,307 - 392,307
Subtotal 141,015 7,508,234 1,030,752 - 3 88,307 - 9,068,308
Total Reserved Fund Balances $ 8,643,600 $ 7,684,975 $ 1,374,302 $ 1 56,809 $ 3 ,313,452 $ 4,477,830 $ 25,650,968
- 91 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 11 - RISK MANAGEMENT
The County is exposed to various risks of loss related to torts; theft of, damage to, and destruction of
assets; errors and omissions; and natural disasters. The government carries commercial insurance to
cover such risks. Certain assets of the County such as roads, bridges, and other infrastructure are not
insurable due to their nature.
General Insurance Coverage - The County is a participant in the Local Government Insurance Trust
(LGIT), which is a consortium of Maryland local governments created to provide insurance coverage and
services to Maryland local governments. The LGIT provides general liability, public officials’ liability, fleet
insurance, and building and property insurance to its members.
Workmen’s compensation and fidelity insurance are obtained from various commercial insurance
companies.
Risk Sharing - Subscribers to coverage provided by LGIT share the risk among participants of the pools.
As a result, the County's annual premium requirements will be affected by the loss experience of the
various insurance pools in which it participates. Also, the County may be subject to additional
assessments from time to time. These amounts would be recorded as expenditures when they are
probable and can be reasonably estimated. Conversely, favorable performance of certain insurance pools
may result in reduced premiums.
Health Insurance - Effective with the 1996 fiscal year, the County joined together with other Eastern Shore
county governments, libraries, and Boards of Education to form the Eastern Shore of Maryland Education
Consortium Health Insurance Alliance (ESMEC), a public entity risk pool currently operating as a common
risk management and insurance program for health insurance coverage. CareFirst BlueCross BlueShield,
of Maryland, administers this program.
The agreement for formulation of the alliance provides that the pool will be self-sustaining through member
premiums. In addition to the annual premiums, the pooling agreement provides for additional
assessments, if needed, but not to exceed certain limits. No additional assessments were needed for
fiscal 2009 and, as of the date of this report, it is believed that there are no outstanding claims in excess of
the equity of the trust.
Settlements - For the last three years, settlements have not exceeded insurance coverage for any type of
policy in effect.
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QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 12 - RETIREMENT PLANS
During the fiscal year 2009, the County adopted Governmental Accounting Standards Board (GASB)
Statement No. 50, Pension Disclosures an amendment of GASB Statements No. 25 and No. 27, which did
not have a significant impact on the County’s financial statements.
Virtually all full and eligible part-time employees of Queen Anne's County, Maryland, and its related
agencies including the Housing Authority, are covered by one of the statewide contributory systems of the
State of Maryland.
PRIMARY GOVERNMENT AND PUBLIC HOUSING AUTHORITY
COST-SHARING MULTIPLE-EMPLOYER DEFINED BENEFIT PENSION PLANS
Description of Plans
The County participates in the following cost-sharing multiple-employer pension plans that are
administered by the State of Maryland.
The Employees Pension System of the State of Maryland (Pension System) was established January 1,
1980. The Pension System covers employees hired after December 31, 1979, as well as Retirement
System participants who have voluntarily joined the Pension System.
The Employees Contributory Pension System of the State of Maryland (Contributory Pension System) was
established July 1, 1998. As of July 1, 1999, and retroactively to July 1, 1998, the County elected to
participate in the Contributory Pension System for all service earned on or after July 1, 1998.
Effective the first payroll in fiscal year 2007, the County elected to provide its employees with the “Alternate
Contributory Pension Selection Plan of the State of Maryland” (Alternate Contributory Pension System), under
Title 23 of the State Pension Article. This plan is an enhanced version of the two pension systems described
above, and, as such, includes provisions that originate in those plans. Eligible employees not covered by
LEOPS, which is described below, are required to participate in this alternate plan in lieu of other plans
previously offered. At this time, all current employees not covered by LEOPS participate in the Alternate
Contributory Pension System.
The Law Enforcement Officers Pension System (LEOPS) was established July 2, 1990 and adopted by
the County on July 1, 2004. LEOPS currently covers uniformed law enforcement officers of the Sheriff’s
Department.
Under the terms of the Alternate Contributory Pension System, a member may retire after 30 years of
service regardless of age; at age 65 with two years of service; at age 64 with three years of service; at age
63 with four years of service; or at age 62 with at least five years of service. An employee may also take
early retirement with reduced benefits at age 55 with 15 years of service. A member terminating
employment before attaining retirement age, but after completing five years of eligible service, becomes
eligible for a vested pension allowance upon reaching age 62.
Under the terms of the LEOPS, a member may retire with full benefits upon attaining age 50 or after
completing 25 years of eligible service regardless of age. LEOPS members are not eligible for early
service retirement allowances. A member terminating employment before attaining retirement age, but
after completing five years of eligible service, becomes eligible for a vested pension allowance upon
reaching age 50.
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QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 12 - RETIREMENT PLANS (CONTINUED)
PRIMARY GOVERNMENT AND PUBLIC HOUSING AUTHORITY (CONTINUED)
On retirement from service, a member of any of these plans shall receive an annual service retirement
allowance based on the member's average final compensation (based on the highest three years’ wages)
and years of creditable service multiplied by a factor. This factor varies from 1.2% to 1.8% for the
Alternate Plan or 2.0% for LEOPS. The factor is applied per eligible service year, depending on
employee/employer contributions and other plan-specific provisions. Early retirement, where available, is
subject to provisions that reduce the benefit received.
Benefits under these plans are established under the State Personnel and Pensions Article of the
Annotated Code of Maryland.
The State Retirement and Pension System of Maryland issues a comprehensive annual financial report
that includes disclosures regarding: actuarial value of assets; total actuarial accrued liability; unfunded
actuarial accrued liability, if any; and funded liability ratio. This report can be obtained from the agency’s
office as follows:
State Retirement and Pension System of Maryland
120 E. Baltimore St, Suite 1601
Baltimore, Maryland 21202-1600
Funding Policy
Obligations to contribute to the plans are established under the Annotated Code of Maryland. Employees
who are members of these two plans contribute a percentage of their gross employee compensation.
Members of the Alternate Contributory Pension System contribute 5 percent and LEOPS members contribute
4 percent.
Required contributions under the plans, which are not funded by employee contributions, are funded entirely
by the County. Contributions by the County to both State plans take place during the fiscal year and are
based upon salaries for the preceding fiscal year. The County contribution for the year ending June 30, 2009
is based on salaries for the year ending June 30, 2008. The contribution requirements of plan members of
the reporting entity are established and may be amended by the Maryland State Pension System Board of
Trustees. The County’s contributions for the fiscal years ending June 30th were equal to the actuarially
determined amounts as follows:
Fiscal Year Ending
Retirement Plan Contributions June 30, 2009 June 30, 2008 June 30, 2007
Total Payroll $ 2 7,725,213 $ 2 5,633,969 $ 2 3,050,582
Covered Payroll
Pension System 2 1,756,765 2 0,349,987 1 8,299,851
LEOPS 2 ,646,509 2 ,156,204 1 ,901,081
Expenditure/Expense
Pension System 1 ,540,473 1 ,639,121 1 ,383,040
LEOPS 4 90,008 5 36,266 3 99,856
- 94 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 12 - RETIREMENT PLANS (CONTINUED)
OTHER COMPONENT UNITS
Queen Anne’s County Board Of Education
The employees of the Board of Education (other than part-time employees not eligible for participation in
the plans) are covered by one of four defined-benefit retirement plans that are administered by the State
Retirement and Pension System of Maryland. The Board’s share of contributions for teachers and
administration employees is primarily the responsibility of the State. In fiscal year 2009, State
contributions on behalf of the Board are approximately $4,716,217. This contribution is recognized as
both revenue and expenditure for the Board. An additional $572,990 is contributed by the Board of
Education for other covered employees.
Detailed information concerning the Queen Anne's County Board Of Education retirement plan is presented in
their June 30, 2009 financial statements, which are publicly available.
Queen Anne’s County Free Library
The employees of the Library (other than part-time employees not eligible for participation in the plans) are
covered under one of four defined-benefit retirement plans that are administered by the State Retirement
and Pension System of Maryland. The Library’s share of contributions for employees is primarily the
responsibility of the State. In fiscal year 2009, State contributions on behalf of the Library are
approximately $78,512. These contributions are recognized as both revenue and expenditures for the
Library. An additional $38,376 is contributed by the Library for other covered employees.
Detailed information concerning the Queen Anne's County Free Library retirement plan is presented in their
June 30, 2009 financial statements, which are publicly available.
NOTE 13 - DEFERRED COMPENSATION PLAN
The County offers its employees a deferred compensation plan created in accordance with Internal
Revenue Code Section 457. The Plan, available to all County employees, permits them to defer a portion
of their salary until future years. Participation in the plan is optional. The deferred compensation is not
available to employees until termination, retirement, death or unforeseeable emergency.
All amounts of compensation deferred under the plan; all property and rights purchased with those
amounts; and all income attributable to those amounts, property or rights are solely the property and rights
of the participants. The County has no liability for losses under the plan.
Investments are managed by the plan’s administrator based on several different investment options, or
combinations thereof. The choice of the investment option(s) to be used is made by each participant. The
County has no management control over the assets of the plan. Accordingly, per GASB Statement No.
32, the assets of the plan are not included in these financial statements.
- 95 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 14. OTHER POST-EMPLOYMENT BENEFITS
During fiscal year 2009, the County implemented the Governmental Accounting Standards Board (GASB)
Statement 43, Financial Reporting for Post-Employment Benefit Plans Other than Pension Plans and
GASB 45, Accounting and Financial Reporting by Employers for Post-Employment Benefits Other Than
Pensions. To implement these Statements, the County will report information relating to non-pension
related post-employment benefits on an accrual basis rather than on a pay-as-you-go basis, as has been
done in the past.
Other Post-Employment Benefit Trust (OPEB Trust)
On June 23, 2009, the County enacted County Ordinance No. 09-12, which establishes a Trust entity
entitled “Other Post-Employment Benefit Trust – County Commissioners of Queen Anne’s County, County
Commissioners of Kent County, and Participating Agencies” (OPEB Trust). The purpose of the OPEB
Trust is to: (1) fund costs of health insurance and other post-employment benefits to eligible retirees of the
primary government (including the Queen Anne’s County Public Housing Authority), the Queen Anne’s
County Board of Education, and the Queen Anne’s County Free Library; (2) accumulate and invest
financial resources for this purpose; (3) provide health insurance and other post-employment benefits for
eligible retirees; and (4) provide related administrative services.
Other agencies and political subdivisions have the right to participate in this Trust now and in the future.
Such unrelated entities may deposit funds with the Trust for investment purposes related to their OPEB
plans. At June 30, 2009, funds in the amount of $155,005 were held by the Trust on behalf of Kent
County, Maryland for the benefit of their plan participants.
OPEB Trustees have exclusive authority to manage the assets of the Trust. The Board of Trustees
consists of five members: two representing Queen Anne’s County Government; two representing the
Queen Anne’s County Board of Education; and one representing Kent County. In lieu of separate financial
statements for the OPEB Trust, Queen Anne’s County presents the Trust entity’s complete financial
statements within this document.
Plan Description
The County’s Other Post-Employment Benefit Plan (OPEB Plan) is an agent multiple-employer defined
benefit healthcare plan that covers retired employees of the primary government, the Queen Anne’s County
Board of Education, and the Queen Anne’s County Free Library. The Plan was established as specified in
County Ordinance No. 09-12.
Plan descriptions and actuarial assumptions for each participant are described: (1) as follows below for the
primary government and (2) in financial statements issued separately for all other participants, which are
component units of the primary government. Addresses for other participants are noted below in this Note.
- 96 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 14. OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)
Plan Description (Continued)
Primary Government
The County’s post-employment plan provides medical insurance benefits to retirees and their eligible
dependents. Depending on the years of County service, the retiree is eligible for a subsidy provided by
the County for a specific portion of the cost of the health insurance. The following table describes the
primary government’s health insurance post-employment benefit plan in effect at this time:
Years of County Service Prior to Retirement Subsidy Level Description
Retiree retired with 15 years of County service Retiree or eligible dependent shall be entitled to receive fifty-
four percent (54%) of selected County health insurance
premium costs.
Retiree retired with 16 years of County service but less than 25 Retiree or eligible dependent shall be entitled to receive three
years of County Service and six tenths percent (3.6%) of selected County health
insurance premium costs for every full year of County service.
Retiree with 25 years or more of County Service Retiree or eligible dependent shall be entitled to receive ninety
percent (90%) of selected County health insurance premium
costs.
A person in receipt of a special death benefit under the Retiree or eligible dependent shall be entitled to receive ninety
Maryland State Retirement/Pension System percent (90%) of selected County health insurance premium
costs.
Retiree retired with less than 15 years of County service Retiree or eligible dependent shall be entitled to remain in the
County's health insurance plan if they pay the full rate to cover
all County health insurance premium costs.
All eligible retirees Coverage may include the retiree, spouse and dependents.
Coverage does not cease upon death of the retiree.
Component Units
The other participating entities provide medical benefits to eligible employees who retire from employment
with each respective agency. Benefits and eligibility requirements vary among the different agencies.
Each agency pays a percentage of the health insurance premium based on certain criteria, including
length of service. In addition to medical benefits, the Board of Education pays the cost of providing term
life insurance for its retirees in varying amounts, depending upon length of service and date of retirement.
For detailed information on plan benefits provided by other participating agencies, as well as actuarial
assumptions used to estimate OPEB obligations, see the agencies’ separately-issued financial
statements, which can be obtained from their administrative offices as listed below:
Board of Education of Queen Anne’s County
Queen Anne’s County Housing Authority
202 Chesterfield Avenue c/o Queen Anne’s County
Centreville, Maryland 21617 Finance Office
107 N. Liberty Street
The Queen Anne’s County Centreville, Maryland 21617
Free Library
121 S. Commerce Street
Centreville, Maryland 21617
- 97 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 14. OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)
Plan Membership
Plan membership at July 1, 2008, the date of actuarial valuation, consisted of the following:
Plan Membership Active Retirees
County and
Housing Authority 479 73
Board of Education 844 195
Library 12 2
Total 1335 270
Basis of Accounting and Financial Statements
The Plan’s financial information is prepared based on full accrual accounting. Expenses are recognized on
the accrual basis as retirees’ insurance costs are incurred. For further information, see Required
Supplementary Information, which follow these Notes on page 106, and Combining Statements, located on
pages 152 to 153.
Contributions
Each participating agency has the authority to establish and amend benefit provisions that result in contribution
requirements of the plan members and the agency. The Plans are contributory plans in which the agencies
and their retired members and beneficiaries contribute certain amounts toward the current cost of the
healthcare benefits, based on an actuarial valuation. During fiscal year 2009, as shown in the table below,
plan members and beneficiaries receiving benefits contributed a total of $710,313 (21.6 percent of current
contributions). In addition, the primary government and its component units contributed a total of $2,581,144
(78.4 percent). This amount consisted of $1,551,144 for current premiums, claims and administrative
expenses incurred on behalf of current retirees, plus another $1,030,000 toward pre-funding future benefits.
Net assets held in trust at June 30, of $1,030,037, include the pre-funding amount and investment earnings.
Combining financial statements may be found after the Notes and RSI on pages 152 to 153.
Total Retiree Employer
Contributions Retirees Employer Contributions Percentage Percentage
County and
Housing Authority $ 182,137 $ 1,007,955 $ 1,190,092 15.3% 84.7%
Board of Education 525,000 1,534,955 2,059,955 25.5% 74.5%
Library 3,176 38,234 41,410 7.7% 92.3%
Total $ 710,313 $ 2,581,144 $ 3,291,457 21.6% 78.4%
- 98 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 14. OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)
Contributions (Continued)
Each employer is required to contribute its annual required contribution (ARC), which is an amount actuarially
determined in accordance with the parameters of GASB Statement No. 45. The ARC represents a level of
funding that, if paid on an ongoing basis, is projected to cover normal cost each year and to amortize any
unfunded actuarial liabilities over a period not to exceed 30 years. The annual OPEB cost, the amounts
actually contributed to the trust, and the unfunded net OPEB obligation (NOO) for the year ended June 30,
2009 were as follows:
Fiscal Year Annual
Ended Required Percentage
Percentage of ARC Contributed June 30 Contribution Contributed
Total for All Employers 2009 $ 11,397,000 22.65%
County and Total
Housing Board of for All
Funding Progress Authority Education Library Employers
Beginning of the Year NOO $ - $ - $ - $ -
Annual Required Contribution (ARC) 5,312,000 5,907,000 178,000 11,397,000
Employer Contributions (1,007,955) (1,534,955) (38,234) (2,581,144)
End of the Year NOO $ 4,304,045 $ 4,372,045 $ 139,766 $ 8,815,856
Funding Status and Funding Progress
As of July 1, 2008, the date of the most recent actuarial valuation, the total actuarial accrued liability (AAL) for
all plans, as shown below, was $113,876,000. As there were no actuarial plan assets at that time, the
unfunded actuarial accrued liability (UAAL) was also $113,876,000. The annual covered payroll of all active
employees covered by the respective plans was $49,085,982 and the ratio of the unfunded actuarial accrued
liability to covered payroll was 231.99 percent for the Trust as a whole.
Value of Unfunded UAAL as a
Assets at Accrued Accrued Percentage
Valuation Valuation Liability Liability Funded Covered of Covered
Funding Progress Date Date (AAL) (UAAL) Ratio Payroll Payroll
County and
Housing Authority July 1, 2008 $ - $ 49,107,000 $ 49,107,000 0.00% $ 23,690,163 207.29%
Board of Education July 1, 2008 - 62,759,000 62,759,000 0.00% 24,267,735 258.61%
Library July 1, 2008 - 2,010,000 2,010,000 0.00% 1,128,084 178.18%
Total $ - $ 113,876,000 $ 113,876,000 0.00% $ 49,085,982 231.99%
The schedule of funding progress, presented as required supplementary information (RSI) on page 106
following the Notes, will present multiyear trend information that will show whether the actuarial value of plan
assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. This year’s
schedule shows only the initial year of funding.
- 99 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 14. OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)
Annual OPEB Cost and Net OPEB Obligation
For fiscal year 2009, the annual required contribution (ARC), or annual OPEB cost, was based on actuarial
valuations as of July 1, 2008, the latest valuation available on the date the County Commissioners and
governing bodies of all participating agencies were required to approve their fiscal year 2009 budgets.
As noted in the table below, the total ARC for all plans was $11,397,000 as of June 30, 2009. Actual funding
was $2,581,144, or 22.65 percent of the ARC, resulting in a Net OPEB Obligation (NOO) of $8,815,856
remaining at fiscal year end.
Annual
Amortization of Required Net OPEB ARC
Actuarial Unfunded Actuarial Unfunded Normal Contribution ARC Obligation Percentage Based on
Accrued Liablility Accrued Liablility Cost (ARC) Funding (NOO) of ARC Interest
Net OPEB Obligation (1) (2) (3) (2)+(3) (4) (2)+(3)-(4) Contributed Rate
County and
Housing Authority $ 49,107,000 $ 2,169,000 $ 3,143,000 $ 5,312,000 $ 1,007,955 $ 4,304,045 18.98% 4.76%
Board of Education 62,759,000 2,494,000 3,413,000 5,907,000 1,534,955 4,372,045 25.99% 4.00%
Library 2,010,000 93,000 85,000 178,000 38,234 139,766 21.48% 4.76%
Total $ 113,876,000 $ 4,756,000 $ 6,641,000 $ 11,397,000 $ 2,581,144 $ 8,815,856 22.65%
Funding for the ARC for Queen Anne’s County and the Housing Authority, listed above in the amount of
$1,007,955, consists of $507,955 pay-as-you-go benefits paid by the County plus $488,256 and $11,744
toward pre-funding future benefits paid by the County and the Housing Authority, respectively. Net OPEB
Obligation (NOO) for Queen Anne’s County and the Housing Authority, listed above in the amount of
$4,304,045, consists of $4,186,417 for the Queen Anne’s County portion and $117,628 for the Housing
Authority.
Actuarial Methods and Assumptions
The actuarial valuations of the individual plans involve estimates of the value of reported amounts and
assumptions about the probability of events far into the future, such as future employment, mortality, and
healthcare costs. The actuarially determined amounts regarding the funded status of the plans and the
annual required contributions (ARC) of the County and other participating agencies are subject to
continual revision as actual results are compared to past expectations and new estimates are made about
the future.
Projections of benefits for financial reporting purposes are based on the substantive plan (as understood by
the employer and plan members) and include the types of benefits provided at the time of valuation and the
historical pattern of sharing benefit costs between employers and plan members to that point. The actuarial
methods and assumptions used include techniques that are designed to reduce short-term volatility in
actuarial accrued liabilities and the actuarial value of the assets, consistent with the long-term perspective of
the calculations.
- 100 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 14. OTHER POST-EMPLOYMENT BENEFITS (CONTINUED)
Actuarial Methods and Assumptions (Continued)
Actuarial assumptions used in the actuarial valuation for the County’s plan were:
Actuarial Assumptions for Primary Government
Actuarial valuation date July 1, 2008
Actuarial cost method Projected unit credit
Amortization method Level percentage of payroll
Amortization period 30 years
Interest Assumptions 4.76% investment rate of return
Asset valuation method Fair value
Salary increases 3% per year
Mortality RP 2000, separate tables for males and
females
Actuarial trend assumptions Based on Society of Actuaries Long Term
Medical Trend and baseline assumptions -
Initial rate of 9% decreasing gradually.
From 2050-2059 medical costs are
assumed to increase 5.9% per year.
NOTE 15 – DEFICIT EQUITY BALANCES
General Capital Projects Fund
The General Capital Projects Fund has a deficit equity balance in unrestricted net assets of $2,855,759 as
of June 30, 2009.
During fiscal year 2008, $12.2 million in cash was transferred from the General Fund to the General Capital
Projects Fund to cover projects that had incurred expenses, but were due to be funded with bond proceeds.
However, the County postponed going to the bond market from fiscal year 2008 to early fiscal year 2010. In
November 2009, the bonds were issued for $29.9 million and funds were allocated to cover a number of
capital projects, many of which had been completed during fiscal years 2008 and 2009. Therefore, the deficit
balance in the General Capital Projects Fund is a result of timing. With the issuance of the bonds in fiscal
year 2010, the unrestricted net assets balance becomes positive again.
- 101 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 16 - COMMITMENTS AND CONTINGENCIES
PRIMARY GOVERNMENT
Grants - The County and its component units are recipients of various federal and state grant and/or loan
programs, which are governed by various rules and regulations of the grantor agencies. Costs charged to
the respective grant programs are subject to audit and adjustment by these grantor agencies. If the County
has not complied with the rules and regulations governing the programs, refunds of money received may be
required and the collectability of any related receivable as of June 30, 2009 may be impaired. The County’s
management believes that there are no significant contingent liabilities that must be recorded relating to
compliance with the rules and regulations governing these programs.
Further, certain grants for capital projects, such as various park projects funded by the State, must be used
for the intended purpose of the grant. If, at any time during the useful lives of these projects, the facilities
cease to operate in their intended capacity, the County may be required to reimburse the granting agency
that portion of the grant or note that is equal to the percentage of useful life remaining. The County’s
Management believes that no such grant reimbursements will be needed.
Loan Guarantees - The County Government has agreed to provide a guarantee on a loan to Crossroads
Community, Inc., a non-profit corporation. The original amount of the loan was $294,627; the amount
outstanding as of June 30, 2009 is $19,175.
The County Government has also agreed to provide a guarantee on a loan to Day Care, Inc. The original
amount of this loan was $224,728, of which $54,330 is outstanding as of June 30, 2009.
NOTE 17 – JOINT VENTURE
The County Commissioners, in conjunction with Talbot, Caroline, and Kent Counties, created the Midshore
Regional Landfill in 1991. The landfill, located in Talbot County, is owned and operated by the Maryland
Environmental Service and is designed to serve the four-county area for a twenty-year period. Given that this
twenty-year period is set to expire in December 2010, the Maryland Environmental Service has retained
Geosyntec Consultants of Columbia, Maryland as the lead design firm for a new landfill to be built in Caroline
County. This new state-of-the-art facility, Midshore II, is scheduled to open in 2011. The Midshore Regional
Landfill Joint Venture plans to fund construction of the new Caroline County landfill with bond proceeds. After
the facility in Caroline County reaches capacity, another landfill will be constructed in Queen Anne's County,
with Kent County to follow in turn. Each County is required to, and has, set aside sufficient land to construct a
landfill within their borders. The agreement expires when the last of the four landfills is closed.
Each County is required to place its municipal waste in the landfill. The facility is also available to commercial
waste disposal firms at the same price per ton as charged to the County governments. Queen Anne's County
paid $479,012 in tipping fees to the facility during fiscal 2009.
Each of the participating Counties is contingently liable for the project debt. Queen Anne’s County’s share of
this contingent liability is $3,803,705 as of June 30, 2009. Additionally, the participating Counties are
contingently liable for closure costs of the landfill; the County’s potential share of this liability is $3,286,946.
Based on the capacity of the landfill used to date, it is expected that the landfill will be closed in 2010. The
Maryland Environmental Service has instituted a plan to fund all debt and closure costs from the facility’s
revenues. The project has sufficient revenues and reserves at this time to lead the County to believe that no
expenditure of County funds will be required.
- 102 -

QUEEN ANNE’S COUNTY, MARYLAND
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2009
NOTE 17 – JOINT VENTURE (CONTINUED)
Audited financial statements for this project can be obtained as follows:
Maryland Environmental Service
259 Najoles Road
Millersville, Maryland 21108
NOTE 18 – POLLUTION REMEDIATION OBLIGATIONS
During fiscal year 2009, the County implemented the provisions of Governmental Accounting Standards
Board (GASB) Statement 49, Accounting and Financial Reporting for Pollution Remediation Obligations.
During the prior fiscal year, 2008, the County agreed to a voluntary Methyl Tertiary Butyl Ether (MTBE) testing
program for underground fuel tanks located at the County’s Department of Public Works’ fuel depot. This
testing program was and still is approved by the Maryland Department of Environment (MDE).
The County implemented the initial phases of this testing program during fiscal years 2008 and 2009 and
spent $170 thousand and $26 thousand, respectively, in each year. Costs covered remediation work and
consulting fees; the latter for testing, studies, and monitoring.
Remediation efforts included demolition and removal of the existing fuel depot at the Public Works Centreville
Shop; remediation of the soils via excavation; offsite controlled disposal and backfill; installation of monitoring
wells; and miscellaneous environmental consulting services.
Consulting services included a feasibility study, which was completed during fiscal year 2009, and the results
of the study were reviewed and commented on by MDE. The County has since addressed those comments
and expects to receive a confirmation letter in connection with the study from MDE in February 2010.
It is anticipated that a final remediation solution will be decided and agreed upon by the County and MDE
during fiscal year 2010. Remediation, involving significant excavation, offsite controlled disposal, and backfill
with clean material, should be concluded before the end of calendar year 2010, or fiscal year 2011.
No liability has been recorded at this time, as specific remediation requirements are not yet known and costs
cannot be reliably estimated. None of these outlays met the requirements for capitalization noted in GASB
Statement 49 and they were not capitalized.
NOTE 19 – SUBSEQUENT EVENTS
Issued Bonds for Completed Capital Projects
During fiscal years 2008 and 2009, a number of large capital projects were completed, each with bond
proceeds as a significant source of funding. As the County did not go to the bond market during this period, a
total of $12.2 million was transferred from the General Fund to the General Capital Projects Fund during fiscal
year 2008 as a one-time transfer. During fiscal year 2009, no further transfers were needed. As of June 30,
2009, the General Capital Projects Fund had a total fund balance of $4.8 million, of which $7.7 million was
reserved to meet capital commitments of the prior period (encumbrances), leaving an unrestricted deficit of
$2.9 million.
In November 2009, which is fiscal year 2010, the County issued bonds for $29.9 million. Funds from these
bonds were allocated to cover a number of capital projects, in keeping with bond covenants, for which most
expenditures had been made in fiscal years 2008 and 2009.
- 103 -

- 104 -

Required Supplementary Information
- 105 -

QUEEN ANNE’S COUNTY, MARYLAND
REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2009
OTHER POST-EMPLOYMENT BENEFITS TRUST
The following required supplementary information relates to the OPEB Trust entity described in Note 14.
This information is intended to help users assess the system’s funding status on a going-concern basis;
assess progress made in accumulating assets to pay benefits when due; and make comparisons among
employers.
The Schedule of Funding Progress and the Schedule of Participating Agencies’ Contributions will present
multiyear trend information that will show whether the actuarial value of plan assets is increasing or
decreasing over time relative to the actuarial accrued liabilities for benefits. This year’s schedules show only
the initial year of funding.
SCHEDULE OF FUNDING PROGRESS
Value of Unfunded UAAL as a
Assets at Accrued Accrued Percentage
Valuation Valuation Liability Liability Funded Covered of Covered
Funding Progress Date Date (AAL) (UAAL) Ratio Payroll Payroll
County and
Housing Authority July 1, 2008 $ - $ 49,107,000 $ 49,107,000 0.00% $ 23,690,163 207.29%
Board of Education July 1, 2008 - 62,759,000 6 2,759,000 0.00% 24,267,735 258.61%
Library July 1, 2008 - 2,010,000 2,010,000 0.00% 1 ,128,084 178.18%
Total $ - $ 113,876,000 $ 113,876,000 0.00% $ 49,085,982 231.99%
Analysis of the dollar amounts of plan net assets, actuarial accrued liability, and unfunded actuarial liability in
isolation can be misleading. Expressing the assets as a percentage of the actuarial accrued liability (Funded
Ratio) provides one indication of the system’s funding status on a going-concern basis. Analysis of this
percentage over time indicates whether the system is becoming financially stronger or weaker. Generally,
the greater this percentage, the stronger the system is becoming. In this fiscal year, the Funded Ratio will be
zero for all participating agencies, because the date of the most recent actuarial valuation, July 1, 2008,
preceded the date on which assets were contributed to the OPEB Trust.
Trends in the unfunded actuarial accrued liability and annual covered payroll are both affected by inflation.
Expressing the unfunded accrued liability as a percentage of annual covered payroll approximately adjusts for
the effects of inflation and aids analysis of the system’s progress made in accumulating sufficient assets to
pay benefits when due. Generally, the smaller this percentage, the stronger the system is becoming. In this
fiscal year, the UAAL as a percentage of covered payroll is 231.99 percent.
SCHEDULE OF PARTICIPATING AGENCIES’ CONTRIBUTIONS
Annual
Fiscal Required Percentage Net OPEB
Year Ended Contribution ARC of ARC Obligation
Percentage of ARC Contributed June 30 (ARC) Contributed Contributed (NOO)
County and
Housing Authority 2009 $ 5,312,000 $ 1,007,955 18.98% $ 4,304,045
Board of Education 2009 5 ,907,000 1,534,955 25.99% 4 ,372,045
Library 2009 178,000 38,234 21.48% 139,766
Total $ 11,397,000 $ 2,581,144 22.65% $ 8,815,856
- 106 -

QUEEN ANNE’S COUNTY, MARYLAND
REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2009
BUDGETARY COMPARISONS FOR GENERAL AND MAJOR SPECIAL REVENUE FUNDS
Required Supplementary Information provides budget-to-actual comparisons for the General Fund and those
major special revenue funds that adopt annual budgets.
Budget-to-actual variances are presented on the following pages for the General Fund and the Roads Board
Operating Fund, both of which adopt annual budgets.
For the General Fund, the Schedules provide summary budgetary information, followed by detailed
information reported separately by revenues and expenditures with budget variances.
For the Roads Board Operating Fund, the Schedules provide summary budgetary information.
Budgets are adopted using the same method of accounting as that used for reporting purposes, i.e. according
to generally accepted accounting principles as used in the United States of America (GAAP).
- 107 -

- 108 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2009
ORIGINAL FINAL POSITIVE
BUDGET BUDGET ACTUAL (NEGATIVE)
REVENUES
Taxes
Local Property Tax $ 54,396,626 $ 55,444,798 $ 5 5,337,698 $ ( 107,100)
Local Income Tax 36,000,993 36,000,993 3 5,988,334 ( 12,659)
Admission and Amusement Taxes 240,000 240,000 1 76,691 ( 63,309)
Recordation Taxes 4,500,000 4,064,812 2 ,930,197 ( 1,134,615)
Hotel Taxes 500,000 500,000 4 28,998 ( 71,002)
Licenses and Permits 802,872 802,872 8 74,639 71,767
Intergovernmental 1,565,965 2,240,890 1 ,991,356 ( 249,534)
Charges for Current Services 1,981,347 2,055,057 1 ,777,167 ( 277,890)
Fines and Forfeitures 25,100 25,100 3 0,874 5,774
Investment Income 1,950,000 1,450,000 3 97,616 ( 1,052,384)
Donations 11,000 11,795 1 0,344 ( 1,451)
Miscellaneous 83,951 95,931 1,771,223 1,675,292
Total Revenues 102,057,854 102,932,248 1 01,715,137 ( 1,217,111)
EXPENDITURES
Current
General Government 10,504,320 10,413,890 9 ,871,927 5 41,963
Public Safety 20,771,225 21,152,011 2 0,083,251 1,068,760
Public Works 3,794,401 3,922,908 3 ,319,967 6 02,941
Health 1,605,720 1,706,298 1 ,572,848 1 33,450
Social Services 259,140 247,323 2 43,535 3 ,788
Education 48,919,458 48,927,438 4 8,856,359 7 1,079
Parks and Recreation 3,026,976 3,016,178 2 ,885,148 1 31,030
Library 1,311,432 1,392,499 1 ,390,398 2 ,101
Conservation of Natural Resources 613,613 568,425 5 40,541 27,884
Economic/Community Development 1,295,935 1,332,274 1 ,148,312 1 83,962
Miscellaneous 910,003 1,010,702 7 02,558 308,144
Reversions (346,123) (338,123) - ( 338,123)
Capital Outlay 648,264 1,457,675 7 50,431 707,244
Debt Service
Principal 4,895,252 4,993,706 5 ,065,347 ( 71,641)
Interest and Fiscal Charges 2,840,596 2,751,585 2 ,778,490 ( 26,905)
Total Expenditures 101,050,212 102,554,789 9 9,209,112 3,345,677
Excess of Revenues Over Expenditures 1,007,642 377,459 2,506,025 2,128,566
OTHER FINANCING SOURCES (USES)
Issuance of Debt - - 122,780 122,780
Insurance Proceeds - - 19,404 19,404
Proceeds of Capital Asset Disposals - - 9,554 9,554
Transfers In 1,642,183 2,145,572 2 ,020,214 ( 125,358)
Transfers Out (2,999,825) (3,096,212) ( 2,573,612) 5 22,600
Total Other Financing Sources (Uses) (1,357,642) (950,640) ( 401,660) 548,980
Net Increase (Decrease) in Fund Balance $ (350,000) $ (573,181) 2 ,104,365 $ 2,677,546
Fund Balances, July 1 1 2,921,078
Fund Balances, June 30 $ 1 5,025,443
- 109 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES - BUDGETARY BASIS
GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2009
VARIANCE
ORIGINAL FINAL ACTUAL POSITIVE
TAXES - LOCAL BUDGET BUDGET REVENUES (NEGATIVE)
Local Property Taxes
Real and Personal Property (Net) $ 52,941,626 $ 53,989,798 $ 53,842,995 $ (146,803)
Railroad and Public Utilities 1,300,000 1,300,000 1,237,144 ( 62,856)
Penalties and Interest 155,000 155,000 257,559 102,559
Total Local Property Taxes 54,396,626 55,444,798 55,337,698 (107,100)
Local Income Tax 36,000,993 36,000,993 35,988,334 ( 12,659)
Other Local Taxes
Admission and Amusement Tax 240,000 240,000 176,691 (63,309)
Recordation Tax 4,500,000 4,064,812 2,930,197 (1,134,615)
Hotel Tax 500,000 500,000 428,998 (71,002)
Total Other Local Taxes 5,240,000 4,804,812 3,535,886 (1,268,926)
Total Taxes - Local 95,637,619 96,250,603 94,861,918 (1,388,685)
LICENSES AND PERMITS
Beer, Wine and Liquor 102,000 102,000 103,110 1 ,110
Traders 83,500 83,500 84,003 5 03
Marriage Licenses 3 ,000 3,000 ( 1,290) ( 4,290)
Animal Control 33,000 33,000 41,429 8,429
Electrical Board of Examiners 40,000 40,000 33,580 ( 6,420)
Electrical Inspections 9 ,200 9,200 7 ,785 ( 1,415)
Cable TV 260,000 260,000 306,155 46,155
Zoning Permits 62,272 62,272 66,033 3,761
Plumbing Permits 91,000 91,000 79,818 (11,182)
Sediment Fees 16,200 16,200 18,002 1,802
Building Permits 101,500 101,500 133,483 31,983
Other 1 ,200 1,200 2 ,531 1,331
Total Licenses and Permits 802,872 802,872 874,639 71,767
INTERGOVERNMENTAL
Police Protection 345,000 345,000 341,224 ( 3,776)
Fire/Rescue/Ambulance 600,000 600,000 542,173 (57,827)
Conservation of Natural Resources 35,000 35,000 - (35,000)
Other 585,965 1,260,890 1,107,959 (152,931)
Total Intergovernmental 1,565,965 2,240,890 1,991,356 (249,534)
CONTINUED
- 110 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES AND OTHER FINANCING SOURCES - BUDGETARY BASIS
GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
VARIANCE
ORIGINAL FINAL ACTUAL POSITIVE
BUDGET BUDGET REVENUES (NEGATIVE)
CHARGES FOR CURRENT SERVICES
Discovery Fees $ 1,900 $ 1,900 $ 2,099 $ 199
Rezoning Filing 3 ,000 3,000 1 ,500 ( 1,500)
Zoning Appeals 9 ,000 9,000 7 ,900 ( 1,100)
Development Review 139,820 209,820 181,793 (28,027)
Sheriff 84,391 88,101 89,405 1,304
Ambulance Fee 829,400 829,400 664,723 (164,677)
Detention Center Fees 325,000 325,000 305,320 (19,680)
Recycling 128,000 128,000 107,693 (20,307)
Disposal Fees 325,000 325,000 285,145 (39,855)
Inspection Fees - - 26,087 26,087
Recreation Fees 69,970 69,970 56,717 (13,253)
Johnsongrass Spraying 60,000 60,000 42,804 (17,196)
Merchandise Sales 3 66 3 66 1,281 9 15
4-H Park Fees 5 ,500 5,500 3 ,500 ( 2,000)
Miscellaneous User Fees - - 1,200 1,200
Total Charges for Current Services 1,981,347 2,055,057 1,777,167 (277,890)
FINES AND FORFEITURES
Court Fines 25,100 25,100 29,805 4,705
Confiscated Assets - - 1,069 1,069
Total Fines and Forfeitures 25,100 25,100 30,874 5,774
INVESTMENT INCOME 1,950,000 1,450,000 397,616 (1,052,384)
MISCELLANEOUS REVENUES AND DONATIONS
Rental Income 28,000 28,000 38,613 10,613
Donations 11,000 11,795 10,344 ( 1,451)
Miscellaneous 55,951 67,931 1,732,610 1,664,679
Total Miscellaneous Revenues and Donations 94,951 107,726 1,781,567 1,673,841
OTHER FINANCING SOURCES
Issuance of Debt - - 122,780 122,780
Insurance Proceeds - - 19,404 19,404
Proceeds of Capital Asset Disposals - - 9,554 9,554
Transfers In:
Impact Fees - School 1,408,120 1,408,120 1,408,120 -
Capital Projects 162,410 665,799 543,019 (122,780)
Kent Narrows 39,427 39,427 39,415 (12)
Community Partnerships 26,226 26,226 23,660 ( 2,566)
Economic Development Commission 6 ,000 6,000 6 ,000 -
Total Transfers In 1,642,183 2,145,572 2,020,214 (125,358)
Total Other Financing Sources 1,642,183 2,145,572 2,171,952 26,380
Total General Fund Revenues and Other Financing Sources
Before Appropriated Fund Balance 103,700,037 105,077,820 103,887,089 (1,190,731)
Fund Balance - Appropriation (Surplus) 350,000 953,790 - (953,790)
Total General Fund Revenues, Other Financing Sources
and Fund Balance Appropriation $ 1 04,050,037 $ 1 06,031,610 $ 1 03,887,089 $ (2,144,521)
- 111 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES - BUDGETARY BASIS
GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2009
ACTUAL VARIANCE
PERSONNEL OTHER CAPITAL ORIGINAL FINAL POSITIVE
COSTS OPERATING OUTLAY TOTAL BUDGET BUDGET (NEGATIVE)
GENERAL GOVERNMENT
Legislative $ 5 59,352 $ 206,920 $ 32,799 $ 799,071 $ 854,283 $ 815,733 $ 1 6,662
Judicial
Circuit Court/Macro Mediation/Family Services/Court Master 1 85,934 222,769 - 408,703 562,331 514,731 106,028
Orphan's Court 5 7,994 4,773 - 62,767 65,228 65,228 2 ,461
State's Attorney/Victim Witness/Cease Fire 1 ,104,347 44,685 - 1,149,032 1,215,230 1,213,210 6 4,178
Executive
County Administrator 4 24,828 16,804 - 441,632 411,258 456,258 1 4,626
Elections
Board of Election Supervisors 2 3,882 386,315 5,115 415,312 492,089 417,089 1 ,777
Financial Administration 7 70,027 201,117 - 971,144 1,038,555 991,555 2 0,411
Human Resources Administration 4 16,177 119,485 - 535,662 563,607 539,607 3 ,945
Planning 4 95,371 27,300 1,003 523,674 571,579 542,612 1 8,938
Zoning 1 ,369,206 279,994 - 1,649,200 1,818,176 1,891,943 2 42,743
Management Information Systems 4 63,804 166,300 - 630,104 674,044 674,044 4 3,940
General Services 6 61,649 1,230,396 - 1,892,045 2,052,012 1,956,012 6 3,967
Other General Government
Liquor Board 7 0,351 3,531 - 73,882 86,072 83,272 9 ,390
Electrical Board 4 ,726 989 - 5,715 10,241 10,241 4 ,526
Legal - 352,901 - 352,901 291,040 336,040 ( 16,861)
Total General Government 6 ,607,648 3,264,279 38,917 9,910,844 10,705,745 10,507,575 5 96,731
PUBLIC SAFETY
Sheriff's Office 5 ,086,666 745,701 417,171 6,249,538 5,745,730 6,454,628 2 05,090
Volunteer Fire and Rescue Services - 3,258,713 13,648 3,272,361 3,344,648 3,344,649 7 2,288
Detention Center 2 ,928,752 861,393 - 3,790,145 4,420,942 4,425,296 6 35,151
Animal Control 6 84,101 144,885 - 828,986 821,227 851,624 2 2,638
Emergency Services 5 ,305,802 1,067,238 166,640 6,539,680 6,659,517 7,142,379 6 02,699
Total Public Safety 1 4,005,321 6,077,930 597,459 20,680,710 20,992,064 22,218,576 1 ,537,866
PUBLIC WORKS
Administration 4 67,434 7,243 - 474,677 509,627 509,627 3 4,950
Other Public Roads 1 85 21,595 - 21,780 20,179 42,179 20,399
Solid Waste Disposal 1 ,212,878 849,257 100,605 2,162,740 2,622,901 2,794,383 6 31,643
Engineering Division 7 02,344 59,031 - 761,375 860,694 860,694 9 9,319
Total Public Works 2 ,382,841 937,126 100,605 3,420,572 4,013,401 4,206,883 7 86,311
HEALTH
Health Department 1 09,817 1,463,031 - 1,572,848 1,605,720 1,706,298 1 33,450
SOCIAL SERVICES
MEAP - MD Energy Assistance Program 1 12,107 - - 112,107 124,659 112,842 7 35
Other Social Services 1 24,928 6,500 - 131,428 134,481 134,481 3 ,053
Total Social Services 2 37,035 6,500 - 243,535 259,140 247,323 3 ,788
CONTINUED
- 112 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF EXPENDITURES AND OTHER FINANCING USES - BUDGETARY BASIS
GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
ACTUAL VARIANCE
PERSONNEL OTHER CAPITAL ORIGINAL FINAL POSITIVE
COSTS OPERATING OUTLAY TOTAL BUDGET BUDGET (NEGATIVE)
EDUCATION
Board of Education $ - $ 47,176,250 $ - $ 47,176,250 $ 47,168,270 $ 47,176,250 $ -
Chesapeake College - 1,680,109 - 1,680,109 1,751,188 1,751,188 7 1,079
Total Education - 48,856,359 - 48,856,359 48,919,458 4 8,927,438 7 1,079
PARKS AND RECREATION
Parks 1 ,591,608 383,477 13,450 1,988,535 2,044,787 2,031,266 4 2,731
Recreation 3 17,760 1,230 - 318,990 376,299 376,299 5 7,309
Administration 5 47,588 43,485 - 591,073 612,890 622,063 3 0,990
Total Parks, Recreation, and Culture 2 ,456,956 428,192 13,450 2,898,598 3,033,976 3,029,628 1 31,030
LIBRARY
Queen Anne's County Free Library - 1,390,398 - 1,390,398 1,311,432 1,392,499 2 ,101
CONSERVATION OF NATURAL RESOURCES
Cooperative Extension Services 4 5,693 184,229 - 229,922 288,515 233,327 3 ,405
Soil Conservation Services 1 20,415 6,000 - 126,415 135,228 135,228 8 ,813
Weed Control 7 8,293 26,503 - 104,796 118,692 118,692 1 3,896
4-H Park - 79,408 - 79,408 71,178 81,178 1 ,770
Total Conservation of Natural Resources 2 44,401 296,140 - 540,541 613,613 568,425 2 7,884
ECONOMIC AND COMMUNITY DEVELOPMENT
Public Housing Authority - 271,909 - 271,909 287,909 271,909 -
Business & Tourism 5 92,657 283,746 - 876,403 1,008,026 1,060,365 1 83,962
Total Economic and Community Development 5 92,657 555,655 - 1,148,312 1,295,935 1 ,332,274 1 83,962
DEBT SERVICE
Debt Service - Principal - 5,065,347 - 5,065,347 4,895,252 4,993,706 ( 71,641)
Debt Service - Interest and Fiscal Charges - 2,778,490 - 2,778,490 2,840,596 2,751,585 ( 26,905)
Total Debt Service - 7,843,837 - 7,843,837 7,735,848 7,745,291 ( 98,546)
MISCELLANEOUS
Aid to Municipalities - 202,909 - 202,909 199,186 204,186 1 ,277
Aid to Other Agencies - 58,809 - 58,809 75,249 75,249 16,440
Other Allocations - 1,500 - 1,500 1,500 10,747 9 ,247
Insurance & Benefits / (Reimbursements) (252,014) 641,696 - 389,682 551,000 650,000 260,318
Contingencies - 49,658 - 49,658 83,068 70,520 20,862
Total Miscellaneous (252,014) 954,572 - 702,558 910,003 1,010,702 3 08,144
REVERSIONS
Salary Reversions - - - - (346,123) (338,123) ( 338,123)
OTHER FINANCING USES
Transfers Out To:
Law Library - 8,520 - 8,520 - 8,520 -
Department of Aging - 1,622,471 - 1,622,471 1,959,249 1,959,249 3 36,778
Department of Housing and Community Services - 416,742 - 416,742 473,089 497,389 8 0,647
Agricultural Transfer Tax Fund - 32,000 - 32,000 32,000 32,000 -
Roads Board Operating - 30,616 - 30,616 30,000 30,000 ( 616)
Sanitary District - Sewer/Admin - 4,592 - 4,592 4,050 4,050 ( 542)
Sanitary District - Water - 157,307 - 157,307 157,307 157,307 -
Impact Fees - Fire Companies/Contingencies - 37,069 - 37,069 - - ( 37,069)
General Capital Projects Fund - 21,483 - 21,483 - 21,483 -
Parks & Recreation Enterprise - Airport - 34,308 - 34,308 52,237 62,237 27,929
Parks & Recreation Enterprise - Golf Course - 154 - 154 - 154 -
Parks & Recreation Enterprise - Programs - 43,000 - 43,000 43,000 43,000 -
Parks & Recreation Enterprise - Property Mgmt - 56,930 - 56,930 25,000 56,930 -
Parks & Recreation Enterprise - Marinas - 3,036 - 3,036 55,407 55,407 52,371
Community Partnerships (Admin) - 5,384 - 5,384 68,486 68,486 63,102
Community Partnerships (Education program) - 100,000 - 100,000 100,000 100,000 -
Total Transfers Out - 2,573,612 - 2,573,612 2,999,825 3,096,212 5 22,600
Total Expenditures and Other Financing Uses $ 2 6,384,662 $ 74,647,631 $ 750,431 $ 101,782,724 $ 104,050,037 $ 105,651,001 $ 3 ,868,277
- 113 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
ROADS BOARD SPECIAL REVENUE FUND
FOR THE YEAR ENDED JUNE 30, 2009
VARIANCE
ORIGINAL FINAL POSITIVE
BUDGET BUDGET ACTUAL (NEGATIVE)
REVENUES
State Shared Taxes $ 5 ,580,859 $ 5,580,859 $ 7,542,182 $ 1,961,323
Intergovernmental 1 5,000 15,000 95,935 80,935
Charges for Current Services 3 43,517 343,517 223,580 (119,937)
Investment Income 6 ,000 6,000 33,599 27,599
Miscellaneous 2 0,000 20,000 253,247 233,247
Total Revenues 5 ,965,376 5,965,376 8,148,543 2,183,167
EXPENDITURES
Current
Public Works 6 ,014,660 6,014,660 5,318,398 696,262
Capital Outlay 7 95,000 823,610 283,142 540,468
Total Expenditures 6 ,809,660 6,838,270 5,601,540 1,236,730
Excess of Revenues Over (Under) Expenditures ( 844,284) (872,894) 2,547,003 3,419,897
OTHER FINANCING SOURCES (USES)
Insurance Proceeds - 9,897 9,897 -
Proceeds of Sale of Capital Assets - - 3,201 3,201
Transfers In 8 5,039 85,039 30,616 (54,423)
Total Other Financing Sources (Uses) 8 5,039 94,936 43,714 (51,222)
Net Increase (Decrease) in Fund Balances $ ( 759,245) $ (777,958) 2,590,717 $ 3,368,675
Fund Balances, July 1 722,735
Fund Balances, June 30 $ 3,313,452
- 114 -

Combining and Individual Fund Statements and
Schedules
The Combining and Individual Fund Statements and Schedules provide detailed
information concerning the financial position, results of operations, and budgetary
comparisons for the non-major funds, capital projects, and fiduciary funds.
- 115 -

- 116 -

Non-Major Governmental Funds
Non-Major Governmental Funds are used to account for the proceeds of specific revenue
sources (other than capital projects and debt service funds) that are legally restricted to
expenditures for specific purposes.
- 117 -

NON-MAJOR GOVERNMENTAL FUNDS
Non-major governmental funds are special revenue funds, unless otherwise
noted:
Department of Aging – This fund accounts for activities funded primarily by grants to
provide services for the elderly and is included in the social services function.
Housing and Community Services – This fund accounts for activities funded mostly by
grants and revolving loan funds that support housing rehabilitation and home-ownership
and is included in the economic and community development function.
Community Partnerships for Children – This fund accounts for activities funded by
grants allocated to the County that provide services for children and families and is
included in the social services function.
Dredging Special Assessments – This fund accounts for activities funded by special
assessment funds collected to repay loans for specific dredging projects that benefited
Price’s Creek and Grove Creek and is included in the conservation of natural resources
function.
Kent Narrows – This fund accounts for activities funded by tax revenues to repay
parking improvement bonds and is included in the economic and community
development function.
Critical Areas – This fund accounts for activities funded by payments in lieu of
performance bonds that support efforts to mitigate and preserve critical areas along the
shoreline of tidal waters within the County and is included in the conservation of natural
resources function.
Law Library – This fund accounts for activities funded by court fees, fines, and
contributions from local attorneys to update legal reference materials housed in the
courthouse and is included in the general government function.
Sheriff’s Drug Task Force – This fund accounts for activities funded by drug-related
forfeitures that support drug interdiction efforts by a multi-faceted task force and is
included in the public safety function.
Inmate Welfare Fund – This fund accounts for activities funded by profits earned from
Detention Center inmate-related services that promote the welfare of the inmates and is
included in the public safety function.
Agricultural Transfer Tax – This fund accounts for activities funded primarily by the
Agricultural Transfer Tax to purchase agricultural easements that preclude development
and is included in the conservation of natural resources function.
- 118 -

Rural Legacy – This fund accounts for activities funded primarily by Maryland’s Rural
Legacy Program to purchase easements that preclude development and is included in
the conservation of natural resources function.
Revolving Loan Fund – This fund accounts for activities funded by community
donations and grants to promote and provide economic development loans to local
businesses and is included in the economic and community development function.
Capital Projects Fund – Fire Company Impact Fees – This fund accounts for activities
funded by impact fees specifically earmarked to enhance local volunteer fire company
preparedness resulting from new construction and is included in the public safety
function.
Capital Projects Fund – Parks and Recreation Impact Fees – This fund accounts for
activities funded by impact fees specifically earmarked to enhance parks and recreation
and is included in the parks and recreation function.
- 119 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING BALANCE SHEET
NON-MAJOR GOVERNMENTAL FUNDS
JUNE 30, 2009
COMMUNITY
HOUSING AND PARTNERSHIPS DREDGING
DEPARTMENT COMMUNITY FOR SPECIAL
OF AGING SERVICES CHILDREN ASSESSMENTS
ASSETS
Cash and Cash Equivalents $ 1 61,757 $ 2 58,590 $ 9 70,868 $ 1 5,669
Receivables
Accounts Receivable (Net) - 9 23 2 ,140 17
Loans Receivable - 3 ,261,213 - -
Special Assessments (Net) - - - 7 71,886
Due from Other Governments 2 29,401 1 5,273 2 92,924 -
Total Assets $ 3 91,158 $ 3,535,999 $ 1,265,932 $ 7 87,572
LIABILITIES AND FUND BALANCES
Liabilities
Accrued Liabilities $ 9 6,313 $ 1 0,613 $ 2 82,046 $ 8 7
Due to Other Funds 1 65,291 2 4,445 3 9,344 -
Due to Other Governmental Agencies 1 5,442 - 5 96,219 -
Deferred Revenue 9 91 2 ,624 2 58,287 7 71,886
Total Liabilities 2 78,037 3 7,682 1 ,175,896 7 71,973
Fund Balances
Reserved
Loans Receivable - 3 ,261,213 - -
Donor-Specified Purposes - - 1 ,050 -
Other Reserved Purposes - Other - - - -
Total Reserved - 3 ,261,213 1 ,050 -
Unreserved
Capital Projects Funds - - - -
Special Revenue Funds 1 13,121 2 37,104 8 8,986 1 5,599
Total Unreserved 1 13,121 2 37,104 8 8,986 1 5,599
Total Fund Balances 1 13,121 3 ,498,317 9 0,036 1 5,599
Total Liabilities and Fund Balances $ 3 91,158 $ 3,535,999 $ 1,265,932 $ 7 87,572
- 120 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING BALANCE SHEET
NON-MAJOR GOVERNMENTAL FUNDS
JUNE 30, 2009
(CONTINUED)
SHERIFF'S
DRUG INMATE
KENT CRITICAL LAW TASK WELFARE
NARROWS AREAS LIBRARY FORCE FUND
$ 1 44,303 $ 1 25,143 $ 3 0,101 $ 2 20,839 $ 2 45,988
1 2,992 - - - 6 ,525
- - - - -
- - - - -
- - 1 1,658 - -
$ 1 57,295 $ 1 25,143 $ 4 1,759 $ 2 20,839 $ 2 52,513
$ 3 95 $ - $ 5 ,666 $ 5 4,377 $ 4 ,528
- - - - -
- - - - 7 ,986
- - - - -
3 95 - 5 ,666 5 4,377 1 2,514
- - - - -
- - - - -
- 1 25,143 - - -
- 1 25,143 - - -
- - - - -
1 56,900 - 3 6,093 1 66,462 2 39,999
1 56,900 - 3 6,093 1 66,462 2 39,999
1 56,900 1 25,143 3 6,093 1 66,462 2 39,999
$ 1 57,295 $ 1 25,143 $ 4 1,759 $ 2 20,839 $ 2 52,513
CONTINUED
- 121 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING BALANCE SHEET
NON-MAJOR GOVERNMENTAL FUNDS
JUNE 30, 2009
(CONTINUED)
CAPITAL
CAPITAL PROJECTS -
PROJECTS - PARKS AND TOTAL
AGRICULTURAL RURAL REVOLVING FIRE COMPANY RECREATION NON-MAJOR
TRANSFER LEGACY LOAN FUND IMPACT FEES IMPACT FEES GOVERNMENTAL
ASSETS
Cash and Cash Equivalents $ 1 ,072,854 $ 1,003,785 $ 4 81,554 $ 8 45,153 $ 2 15,064 $ 5,791,668
Receivables
Accounts Receivable (Net) - - 7 58 - - 2 3,355
Loans Receivable - - 1 02,719 1 8,036 1 7,074 3 ,399,042
Special Assessments (Net) - - - - - 7 71,886
Due from Other Governments 9 1,800 - - - - 6 41,056
Total Assets $ 1 ,164,654 $ 1,003,785 $ 5 85,031 $ 8 63,189 $ 2 32,138 $ 10,627,007
LIABILITIES AND FUND BALANCES
Liabilities
Accrued Liabilities $ - $ - $ - $ - $ - $ 4 54,025
Due to Other Funds - - - 7 2,481 - 3 01,561
Due to Other Governmental Agencies 1 ,300 - - - - 6 20,947
Deferred Revenue - - - 1 8,036 1 7,074 1 ,068,898
Total Liabilities 1 ,300 - - 9 0,517 1 7,074 2 ,445,431
Fund Balances
Reserved
Loans Receivable - - 1 02,719 1 8,036 1 7,074 3 ,399,042
Donor-Specified Purposes - - - - - 1 ,050
Other Reserved Purposes - Other 9 52,595 - - - - 1 ,077,738
Total Reserved 9 52,595 - 1 02,719 1 8,036 1 7,074 4 ,477,830
Unreserved
Capital Projects Funds - - - 7 54,636 1 97,990 9 52,626
Special Revenue Funds 2 10,759 1 ,003,785 4 82,312 - - 2 ,751,120
Total Unreserved 2 10,759 1 ,003,785 4 82,312 7 54,636 1 97,990 3 ,703,746
Total Fund Balances 1 ,163,354 1 ,003,785 5 85,031 7 72,672 2 15,064 8 ,181,576
Total Liabilities and Fund Balances $ 1 ,164,654 $ 1,003,785 $ 5 85,031 $ 8 63,189 $ 2 32,138 $ 10,627,007
- 122 -

- 123 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
NON-MAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
COMMUNITY
HOUSING AND PARTNERSHIPS DREDGING
DEPARTMENT COMMUNITY FOR SPECIAL
OF AGING SERVICES CHILDREN ASSESSMENTS
REVENUES
Taxes
Local Property Tax $ - $ - $ - $ -
Other Local Taxes - Admission and Amusement Taxes - - - -
Recordation Taxes - 8 2,877 - -
State Shared Taxes - - - -
Intergovernmental 1 ,061,660 3 70,875 1 ,697,638 -
Charges for Current Services 6 8,386 - - 2 3,753
Fines and Forfeitures - - - -
Investment Income 8 61 5 ,168 8 ,736 1 47
Donations 5 7,964 - - -
Miscellaneous 4 25 5 0 2 5,188 -
Total Revenues 1 ,189,296 4 58,970 1 ,731,562 2 3,900
EXPENDITURES
Current
General Government - - - -
Public Safety - - - -
Social Services 2 ,790,094 - 1 ,943,520 -
Conservation of Natural Resources - - - -
Economic/Community Development - 4 87,618 - -
Capital Outlay 3 0,000 - - -
Debt Service
Principal - - - 2 4,000
Total Expenditures 2 ,820,094 4 87,618 1 ,943,520 2 4,000
Excess of Revenues Over (Under) Expenditures ( 1,630,798) ( 28,648) ( 211,958) ( 100)
OTHER FINANCING SOURCES (USES)
Proceeds of Capital Asset Disposals - - - -
Insurance Proceeds 1 1,415 - - -
Transfers In 1 ,622,471 4 16,742 1 05,384 -
Transfers Out - - ( 23,660) -
Other Financing Sources (Uses) 1 ,633,886 4 16,742 8 1,724 -
Net Increase (Decrease) in Fund Balances 3 ,088 3 88,094 ( 130,234) ( 100)
Fund Balances, July 1 1 10,033 3 ,110,223 2 20,270 1 5,699
Fund Balances, June 30 $ 1 13,121 $ 3 ,498,317 $ 9 0,036 $ 1 5,599
- 124 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
NON-MAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
SHERIFF'S
DRUG INMATE
KENT CRITICAL LAW TASK WELFARE
NARROWS AREAS LIBRARY FORCE FUND
$ 3 6,355 $ - $ - $ - $ -
5 8,897 - - - -
- - - - -
- - - - -
- - 1 6,905 - -
- 2 7,424 1 1,213 - 6 3,398
- - 1 5,509 6 9,275 -
- - 7 45 3 ,384 2 ,795
- - - - -
- - 2 2,591 - 3 5,990
9 5,252 2 7,424 6 6,963 7 2,659 1 02,183
- - 8 3,136 - -
- - - 7 5,926 7 3,952
- - - - -
- - - - -
4 ,802 - - - -
- - - 1 19,118 -
- - - - -
4 ,802 - 8 3,136 1 95,044 7 3,952
9 0,450 2 7,424 ( 16,173) ( 122,385) 2 8,231
- - - 5 1,334 -
- - - - -
- - 8 ,520 - -
( 45,415) - - - -
( 45,415) - 8 ,520 5 1,334 -
4 5,035 2 7,424 ( 7,653) ( 71,051) 2 8,231
1 11,865 9 7,719 4 3,746 2 37,513 2 11,768
$ 1 56,900 $ 1 25,143 $ 3 6,093 $ 1 66,462 $ 2 39,999
CONTINUED
- 125 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
NON-MAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
CAPITAL
CAPITAL PROJECTS -
PROJECTS - PARKS AND TOTAL
AGRICULTURAL RURAL REVOLVING FIRE COMPANY RECREATION NON-MAJOR
TRANSFER LEGACY LOAN FUND IMPACT FEES IMPACT FEES GOVERNMENTAL
REVENUES
Taxes
Local Property Tax $ - $ - $ - $ - $ - $ 3 6,355
Other Local Taxes - Admission and Amusement Taxes - - - - - 5 8,897
Recordation Taxes 5 52,510 - - - - 6 35,387
State Shared Taxes 4 9,647 - - - - 4 9,647
Intergovernmental - 6 91,085 2 35,000 - - 4 ,073,163
Charges for Current Services - - - 1 53,792 9 7,103 4 45,069
Fines and Forfeitures - - - - - 8 4,784
Investment Income 2 6,058 3 ,479 5 ,802 1 0,520 1 ,974 6 9,669
Donations - - - - - 5 7,964
Miscellaneous - - 2 00 - - 8 4,444
Total Revenues 6 28,215 6 94,564 2 41,002 1 64,312 9 9,077 5 ,595,379
EXPENDITURES
Current
General Government - - - - - 8 3,136
Public Safety - - - 2 25,000 - 3 74,878
Social Services - - - - - 4 ,733,614
Conservation of Natural Resources 1 ,214,032 6 90,779 - - - 1 ,904,811
Economic/Community Development - - - - - 4 92,420
Capital Outlay - - - - - 1 49,118
Debt Service
Principal - - - - - 2 4,000
Total Expenditures 1 ,214,032 6 90,779 - 2 25,000 - 7 ,761,977
Excess of Revenues Over (Under) Expenditures ( 585,817) 3 ,785 2 41,002 ( 60,688) 9 9,077 ( 2,166,598)
OTHER FINANCING SOURCES (USES)
Proceeds of Capital Asset Disposals - - - - - 5 1,334
Insurance Proceeds - - - - - 1 1,415
Transfers In 1 67,000 1 ,000,000 - 3 7,069 - 3 ,357,186
Transfers Out ( 1,000,000) - - - - ( 1,069,075)
Other Financing Sources (Uses) ( 833,000) 1 ,000,000 - 3 7,069 - 2 ,350,860
Net Increase (Decrease) in Fund Balances ( 1,418,817) 1 ,003,785 2 41,002 ( 23,619) 9 9,077 1 84,262
Fund Balances, July 1 2 ,582,171 - 3 44,029 7 96,291 1 15,987 7 ,997,314
Fund Balances, June 30 $ 1 ,163,354 $ 1 ,003,785 $ 5 85,031 $ 7 72,672 $ 2 15,064 $ 8 ,181,576
- 126 -

- 127 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGETARY BASIS
NON-MAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
DEPARTMENT OF AGING HOUSING AND COMMUNITY SERVICES
VARIANCE VARIANCE
ORIGINAL FINAL POSITIVE ORIGINAL FINAL POSITIVE
BUDGET BUDGET ACTUAL (NEGATIVE) BUDGET BUDGET ACTUAL (NEGATIVE)
REVENUES
Taxes
Local Property Tax $ - $ - $ - $ - $ - $ - $ - $ -
Other Local Taxes - Admission and Amusement Taxes - - - - - - - -
Recordation Taxes - - - - - - 82,877 8 2,877
State Shared Taxes - - - - - - - -
Intergovernmental 961,008 1 ,057,852 1,061,660 3 ,808 1 65,286 476,275 370,875 (105,400)
Charges for Current Services 40,900 4 0,900 68,386 2 7,486 - - - -
Fines and Forfeitures - - - - 2 00 200 - (200)
Investment Income - - 861 8 61 - - 5,168 5 ,168
Donations 64,470 8 4,470 57,964 (26,506) - - - -
Miscellaneous 8,000 1 8,776 425 (18,351) - - 50 5 0
Total Revenues 1,074,378 1 ,201,998 1,189,296 (12,702) 1 65,486 476,475 458,970 (17,505)
EXPENDITURES
Current Operating Expenditures 2,972,277 3 ,099,897 2,790,094 3 09,803 1 ,038,575 1,253,657 487,618 7 66,039
Capital Outlay 71,350 7 1,350 30,000 4 1,350 - - - -
Debt Service
Principal - - - - - - - -
Total Expenditures 3,043,627 3 ,171,247 2,820,094 3 51,153 1 ,038,575 1,253,657 487,618 7 66,039
Excess of Revenues Over (Under) Expenditures (1,969,249) (1,969,249) (1,630,798) 3 38,451 (873,089) (777,182) (28,648) 7 48,534
OTHER FINANCING SOURCES (USES)
Proceeds of Capital Asset Disposals 10,000 1 0,000 - (10,000) - - - -
Insurance Proceeds - - 11,415 1 1,415 - - - -
Transfers In 1,959,249 1 ,959,249 1,622,471 (336,778) 6 23,089 497,389 416,742 (80,647)
Transfers Out - - - - - - - -
Total Other Financing Sources (Uses) 1,969,249 1 ,969,249 1,633,886 (335,363) 6 23,089 497,389 416,742 (80,647)
Net Increase (Decrease) in Fund Balances $ - $ - 3,088 $ 3 ,088 $ (250,000) $ (279,793) 388,094 $ 6 67,887
Fund Balances, July 1 110,033 3,110,223
Fund Balances, June 30 $ 113,121 $ 3,498,317
- 128 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGETARY BASIS
NON-MAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
COMMUNITY PARTNERSHIPS FOR CHILDREN DREDGING SPECIAL ASSESSMENTS KENT NARROWS
VARIANCE VARIANCE VARIANCE
ORIGINAL FINAL POSITIVE ORIGINAL FINAL POSITIVE ORIGINAL FINAL POSITIVE
BUDGET BUDGET ACTUAL (NEGATIVE) BUDGET BUDGET ACTUAL (NEGATIVE) BUDGET BUDGET ACTUAL (NEGATIVE)
$ - $ - $ - $ - $ - $ - $ - $ - $ 22,000 $ 2 2,000 $ 3 6,355 $ 14,355
- - - - - - - - 60,000 6 0,000 5 8,897 ( 1,103)
- - - - - - - - - - - -
- - - - - - - - - - - -
1,992,410 1,874,469 1 ,697,638 ( 176,831) - - - - - - - -
- - - - 2 4,200 24,200 2 3,753 (447) - - - -
- - - - - - - - - - - -
- - 8 ,736 8,736 - - 1 47 1 47 75 7 5 - ( 75)
- - - - - - - - - - - -
17,941 17,941 2 5,188 7,247 - - - - - - - -
2,010,351 1,892,410 1 ,731,562 ( 160,848) 2 4,200 24,200 2 3,900 (300) 82,075 8 2,075 9 5,252 13,177
2,148,811 2,161,104 1 ,943,520 217,584 - - - - 8,500 8 ,500 4 ,802 3,698
2,000 2,000 - 2,000 - - - - - - - -
- - - - 2 4,000 24,000 2 4,000 - - - - -
2,150,811 2,163,104 1 ,943,520 219,584 2 4,000 24,000 2 4,000 - 8,500 8 ,500 4 ,802 3,698
( 140,460) ( 270,694) (211,958) 58,736 2 00 200 ( 100) (300) 73,575 7 3,575 9 0,450 16,875
- - - - - - - - - - - -
- - - - - - - - - - - -
168,486 168,486 1 05,384 (63,102) - - - - - - - -
( 28,026) ( 28,026) (23,660) 4,366 - - - - (45,427) (45,427) (45,415) 12
140,460 140,460 8 1,724 (58,736) - - - - (45,427) (45,427) (45,415) 12
$ - $ ( 130,234) (130,234) $ - $ 2 00 $ 200 ( 100) $ (300) $ 28,148 $ 2 8,148 4 5,035 $ 16,887
2 20,270 15,699 1 11,865
$ 9 0,036 $ 15,599 $ 1 56,900
CONTINUED
- 129 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGETARY BASIS
NON-MAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
LAW LIBRARY INMATE WELFARE FUND
VARIANCE VARIANCE
ORIGINAL FINAL POSITIVE ORIGINAL FINAL POSITIVE
BUDGET BUDGET ACTUAL (NEGATIVE) BUDGET BUDGET ACTUAL (NEGATIVE)
REVENUES
Taxes
Local Property Tax $ - $ - $ - $ - $ - $ - $ - $ -
Other Local Taxes - Admission and Amusement Taxes - - - - - - - -
Recordation Taxes - - - - - - - -
State Shared Taxes - - - - - - - -
Intergovernmental - 16,905 16,905 - - - - -
Charges for Current Services 3,000 11,213 11,213 - 75,000 75,000 6 3,398 ( 11,602)
Fines and Forfeitures - 15,509 15,509 - - - - -
Investment Income - 745 745 - 5,000 5,000 2 ,795 ( 2,205)
Donations - - - - - - - -
Miscellaneous - 22,591 22,591 - 40,000 40,000 3 5,990 ( 4,010)
Total Revenues 3,000 66,963 66,963 - 120,000 120,000 1 02,183 ( 17,817)
EXPENDITURES
Current Operating Expenditures 3,000 83,136 83,136 - 115,250 115,250 7 3,952 41,298
Capital Outlay - - - - 20,000 20,000 - 20,000
Debt Service
Principal - - - - - - - -
Total Expenditures 3,000 83,136 83,136 - 135,250 135,250 7 3,952 61,298
Excess of Revenues Over (Under) Expenditures - (16,173) (16,173) - (15,250) ( 15,250) 2 8,231 43,481
OTHER FINANCING SOURCES (USES)
Proceeds of Capital Asset Disposals - - - - - - - -
Insurance Proceeds - - - - - - - -
Transfers In 6,120 8,520 8,520 - - - - -
Transfers Out - - - - - - - -
Total Other Financing Sources (Uses) 6,120 8,520 8,520 - - - - -
Net Increase (Decrease) in Fund Balances $ 6,120 $ (7,653) (7,653) $ - $ (15,250) $ ( 15,250) 2 8,231 $ 43,481
Fund Balances, July 1 43,746 2 11,768
Fund Balances, June 30 $ 36,093 $ 2 39,999
- 130 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGETARY BASIS
NON-MAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
AGRICULTURAL TRANSFER RURAL LEGACY
VARIANCE VARIANCE
ORIGINAL FINAL POSITIVE ORIGINAL FINAL POSITIVE
BUDGET BUDGET ACTUAL (NEGATIVE) BUDGET BUDGET ACTUAL (NEGATIVE)
$ - $ - $ - $ - $ - $ - $ - $ -
- - - - - - - -
- 552,510 552,510 - - - - -
1 55,000 155,000 49,647 (105,353) - - - -
- - - - - - 691,085 691,085
- - - - - - - -
- - - - - - - -
5 ,000 5,000 26,058 2 1,058 - - 3,479 3,479
- - - - - - - -
- - - - - - - -
1 60,000 712,510 628,215 (84,295) - - 694,564 694,564
6 60,000 1,134,894 1,214,032 (79,138) - 1,000,000 690,779 309,221
- - - - - - - -
- - - - - - - -
6 60,000 1,134,894 1,214,032 (79,138) - 1,000,000 690,779 309,221
( 500,000) (422,384) (585,817) (163,433) - (1,000,000) 3,785 1,003,785
- - - - - - - -
- - - - - - - -
3 2,000 32,000 167,000 1 35,000 - 1,000,000 1,000,000 -
- (1,000,000) (1,000,000) - - - - -
3 2,000 (968,000) (833,000) 1 35,000 - 1,000,000 1,000,000 -
$ ( 468,000) $ (1,390,384) ( 1,418,817) $ (28,433) $ - $ - 1,003,785 $1,003,785
2,582,171 -
$ 1,163,354 $ 1,003,785
CONTINUED
- 131 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGETARY BASIS
NON-MAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
CAPITAL PROJECTS - FIRE COMPANY IMPACT FEES CAPITAL PROJECTS - PARKS & RECREATION IMPACT FEES
VARIANCE VARIANCE
ORIGINAL FINAL POSITIVE ORIGINAL FINAL POSITIVE
BUDGET BUDGET ACTUAL (NEGATIVE) BUDGET BUDGET ACTUAL (NEGATIVE)
REVENUES
Taxes
Local Property Tax $ - $ - $ - $ - $ - $ - $ - $ -
Other Local Taxes - Admission and Amusement Taxes - - - - - - - -
Recordation Taxes - - - - - - - -
State Shared Taxes - - - - - - - -
Intergovernmental - - - - - - - -
Charges for Current Services 450,000 4 50,000 153,792 ( 296,208) 85,000 8 5,000 97,103 12,103
Fines and Forfeitures - - - - - - - -
Investment Income 5,900 5 ,900 10,520 4 ,620 6,000 6 ,000 1,974 (4,026)
Donations - - - - - - - -
Miscellaneous - - - - - - - -
Total Revenues 455,900 4 55,900 164,312 ( 291,588) 91,000 9 1,000 99,077 8,077
EXPENDITURES
Current Operating Expenditures 600,000 7 58,333 225,000 5 33,333 - - - -
Capital Outlay - - - - - - - -
Debt Service
Principal - - - - - - - -
Total Expenditures 600,000 7 58,333 225,000 5 33,333 - - - -
Excess of Revenues Over (Under) Expenditures (144,100) (302,433) (60,688) 2 41,745 91,000 9 1,000 99,077 8,077
OTHER FINANCING SOURCES (USES)
Proceeds of Capital Asset Disposals - - - - - - - -
Insurance Proceeds - - - - - - - -
Transfers In - - 37,069 3 7,069 - - - -
Transfers Out - - - - (91,000) (91,000) - 91,000
Total Other Financing Sources (Uses) - - 37,069 3 7,069 (91,000) (91,000) - 91,000
Net Increase (Decrease) in Fund Balances $ (144,100) $ (302,433) (23,619) $ 278,814 $ - $ - 99,077 $ 99,077
Fund Balances, July 1 796,291 115,987
Fund Balances, June 30 $ 772,672 $ 215,064
- 132 -

CAPITAL PROJECTS FUNDS
Capital Projects Funds are used for the acquisition or construction of major capital facilities, as
well as other large multi-year projects that relate to capital assets, that are financed from general
governmental resources.
General Capital Projects – This fund accounts for capital project activities funded by all
governmental resources, except those reserved for use in the Roads Capital Projects Fund,
noted below.
Roads Capital Projects - This fund accounts for capital project activities funded by governmental
resources specifically reserved for use in the Roads Capital Projects Fund. These resources
consist of State-Shared Highway User Tax, which is mandated for this use, plus federal, state,
and local roads-related grants and transfers.
- 133 -

QUEEN ANNE'S COUNTY MARYLAND
CAPITAL PROJECTS FUNDS
SCHEDULE OF APPROPRIATIONS AND EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2009
EXPENDITURES INCLUDED IN CAPITALIZED
TOTAL PRIOR CURRENT UNEXPENDED CONSTRUCTION CURRENT
PROJ # GENERAL CAPITAL PROJECTS: APPROPRIATION YEARS YEAR TOTAL APPROPRIATIONS IN PROGRESS YEAR
GENERAL GOVERNMENT
400003 County Facilities Program $ 754,548 $ 503,418 $ 125,422 $ 628,840 $ 125,708 $ 628,840 $ 1 25,422
400007 GASB-34 Implementation 43,000 13,990 - 13,990 29,010 - -
400009 Finance System (See Transfers) 753,476 673,711 29,135 702,846 50,630 702,846 2 9,135
400011 Courthouse Renovation 700,500 596,717 - 596,717 103,783 596,717 -
400015 County Wide Mapping 735,000 406,497 205,218 611,715 123,285 - -
400019 CLS - Land Acquisition Fund 1,330,150 1,323,751 6,400 1,330,151 ( 1) - -
400027 Strategic Planning 646,602 342,379 44,455 386,834 259,768 - -
400029 Comp & Community Plans 685,000 270,228 147,658 417,886 267,114 - -
400031 Mgt Info Systems Network 676,000 589,848 34,980 624,828 51,172 - 2 ,029
400041 IT Infrastructure/Phones 325,000 232,496 10,900 243,396 81,604 243,396 1 0,900
400047 CLS - Tax Ditch-Longmarsh Oxdale 61,547 61,546 - 61,546 1 - -
400051 Historic Sites Survey 117,000 94,068 8,558 102,626 14,374 - -
400053 CLS - Alternative Septic Study 16,716 16,716 - 16,716 - - -
400223 Circuit Courthouse Planning 1,300,000 47,615 (4,749) 42,866 1,257,134 - -
400233 Rec Mgmt Sys - Non Fin 165,000 109,607 9,552 119,159 45,841 - 2 ,499
400269 Tax Ditches - Beaverdam 44,500 34,496 9,000 43,496 1,004 - -
400271 Tax Ditches - Longmarsh 64,000 36,540 16,600 53,140 10,860 - -
400327 FY 07 General Fund Transfer In 5,150,000 - - - 5,150,000 - -
400353 CLS - Grasonville Community Center 175,000 75,000 100,000 175,000 - - -
400355 Dry Hydrant Program 25,000 - - - 25,000 - -
400359 Public Drainage 175,000 - - - 175,000 - -
400361 East Shore Museum of Life 4,000 2,000 2,000 4,000 - - -
400363 Church Hill Pond Stabilization 200,000 337 14,795 15,132 184,868 - -
400365 Grasonville Pole Relocation 200,000 - - - 200,000 - -
400367 CLS - Chesterwye Expansion 225,000 100,000 125,000 225,000 - - -
400369 CLS - Kent Island Senior Center Site Council 15,000 - - - 15,000 - -
400373 Beautification Committee 5,000 523 - 523 4,477 - -
400375 Grant Procurement Committee 5,000 - - - 5,000 - -
400377 BNR Septic Retrofit Grant 5,000 - - - 5,000 - -
400389 CLS - Public Information Equipment 79,682 66,007 13,675 79,682 - - 1 3,675
400425 Friel Property Management 6,000 5,508 - 5,508 492 - -
400427 Land - Nesbit 602,670 300,000 302,669 602,669 1 - 3 02,669
400431 CLS - Land - Courthouse 1,300,000 1,296,182 - 1,296,182 3,818 - -
400441 CLS - Matapeake Feasability Study 42,800 16,700 26,100 42,800 - - -
400443 Kennard Alumni Association 100,000 - 100,000 100,000 - - -
400449 Nesbit Road ER Infrastructure 4,066,000 - 184,739 184,739 3,881,261 184,739 1 84,739
400457 GIS & Strategic Plan Land Use 40,000 - 16,181 16,181 23,819 - -
400461 Courthouse Basement 25,214 - 8,803 8,803 16,411 8,803 8 ,803
400527 Sudlersville Parking - Foxxtown - - 29,196 29,196 ( 29,196) - -
Total General Government 20,864,405 7,215,880 1,566,287 8,782,167 12,082,238 2,365,341 6 79,871
PUBLIC SAFETY
400059 CLS - Detention Center Expansion 391,000 243,770 - 243,770 147,230 - -
400217 Transfer to VFDs 1,157,390 1,084,689 - 1,084,689 72,701 - -
400227 CLS - Renovate Viewing Rooms & Roof 122,045 118,816 3,228 122,044 1 - 3 ,228
400281 Detention Center Furniture & Carpet 30,000 - - - 30,000 - -
400283 Detention Center Building Expansion 2,693,329 44,427 2,336,803 2,381,230 312,099 2,381,230 2 ,336,803
400313 County Wide Mapping - 911 815,530 756,154 25,109 781,263 34,267 - -
400343 DES Records Management Software 194,000 125,158 62,353 187,511 6,489 187,511 6 2,353
400435 CLS - Detention Center CCTV System 39,292 39,292 - 39,292 - - -
400451 CLS - Ambulance 132,212 - 132,212 132,212 - - 1 32,212
400453 CLS - Route 8 EMS Station 42,571 - 42,570 42,570 1 - 4 2,570
400455 DES Hardware Replacement 160,000 - 89,831 89,831 70,169 89,831 8 9,831
Total Public Safety 5,777,369 2,412,306 2,692,106 5,104,412 672,957 2,658,572 2 ,666,997
PUBLIC WORKS
400077 Wetlands Mitigation 216,560 142,957 41 142,998 73,562 - -
400079 Roof Repair / Replacement 455,000 425,511 2,275 427,786 27,214 - -
400081 Centreville MCF 602,000 203,012 345,408 548,420 53,580 548,420 3 45,408
400083 Renovation/Transit Garage (See Transfers) 4,776,629 3,873,529 777,893 4,651,422 125,207 4,651,422 7 77,893
400087 Fuel Depot Demolition/MTBE 200,000 168,783 26,810 195,593 4,407 195,593 2 6,810
400091 DPW - Fee In Lieu 20,000 20,000 - 20,000 - - -
400235 Solid Waste Capital Equipment 174,001 80,404 92,635 173,039 962 - 9 2,635
400241 Cash Deposit Agreements 35,748 1,963 33,785 35,748 - - -
400287 DPW Records Management System 13,284 2,391 - 2,391 10,893 - -
400335 CLS - Corsica & Beyond - Stormwater 152,000 123,232 1,049 124,281 27,719 - -
400405 CLS - Library Rain Garden 23,019 23,020 - 23,020 ( 1) - -
400445 ENG Transportation Plan 100,000 - - - 100,000 - -
400469 Sanitary District Transfer/Allocation 233,000 - - - 233,000 - -
400471 Bio-Swale Drainage Ditch 75,000 - 233 233 74,767 2 33 2 33
400481 Sudlersville School Water/Sewer 1,500,000 - 3,200 3,200 1,496,800 - -
Total Public Works 8,576,241 5,064,802 1,283,329 6,348,131 2,228,110 5,395,668 1 ,242,979
CONTINUED
- 134 -

QUEEN ANNE'S COUNTY MARYLAND
CAPITAL PROJECTS FUNDS
SCHEDULE OF APPROPRIATIONS AND EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
EXPENDITURES INCLUDED IN CAPITALIZED
TOTAL PRIOR CURRENT UNEXPENDED CONSTRUCTION CURRENT
PROJ # GENERAL CAPITAL PROJECTS: APPROPRIATION YEARS YEAR TOTAL APPROPRIATIONS IN PROGRESS YEAR
SOCIAL SERVICES
400099 Kramer Center Improvement $ 121,100 $ 44,696 $ 13,295 $ 57,991 $ 63,109 $ 57,991 $ 1 3,295
400103 Kent Island Senior Center 44,000 5,950 6,018 11,968 32,032 - -
400243 Aging - Large Transit Vehicles 826,145 220,397 369,350 589,747 236,398 - 3 69,350
400357 CLS - Kramer Center HVAC Units 50,000 13,273 - 13,273 36,727 - -
400403 CLS - Transportation Development Plan 59,625 - - - 59,625 - -
400437 Dept of Aging Cap Equipment 71,000 - 59,471 59,471 11,529 - 1 3,145
400487 MTA Capital Grant Equipment 200,250 - 16,258 16,258 183,992 - 1 6,258
Total Social Services 1,372,120 284,316 464,392 748,708 623,412 57,991 4 12,048
EDUCATION
700003 Chesapeake College Admin Bldg 779,971 768,411 14,953 783,364 ( 3,393) - -
700055 Ches College Center - Renovations 407,167 402,101 - 402,101 5,066 - -
700079 CLS - Ches Coll Talbot Science Center Design 584,865 584,865 - 584,865 - - -
700147 Ches Coll Talbot Science Building Equipment 65,000 65,000 - 65,000 - - -
700171 Ches Coll Kent Humanities Bldg 685,295 - 45,110 45,110 640,185 - -
700219 Ches Coll Learning Resource Center - - 54,863 54,863 ( 54,863) - -
Subtotal Chesapeake College 2,522,298 1,820,377 114,926 1,935,303 586,995 - -
EDUCATION - CONTINUED
ALLOCATIONS TO COMPONENT UNIT -
BOARD OF EDUCATION
700007 Centreville Elementary Renovation 5,448,028 5,448,028 - 5,448,028 - - -
700019 CLS - Queen Anne's County High 13,196,000 13,082,808 - 13,082,808 113,192 - -
700059 FY05 Roof Repair 10,000 9,792 - 9,792 208 - -
700061 Matapeake Middle 17,309,456 16,828,761 (8,019) 16,820,742 488,714 - -
700063 CLS - Church Hill Elem Land Acquisition 823,130 823,130 - 823,130 - - -
700067 CLS - Security Cameras Various Schools 97,048 76,349 20,695 97,044 4 - -
700077 CLS - BOE Data Warehousing 180,000 164,421 - 164,421 15,579 - -
700081 Water Treatment -Church Hill/Sudlersville 89,500 9,950 40,000 49,950 39,550 - -
700089 Kent Island Elementary Renovation 12,498,780 9,275,733 865,645 10,141,378 2,357,402 - -
700095 CLS - BOE Relocatables 869,402 611,509 240,805 852,314 17,088 - -
700105 BOE Computer Equipment 357,135 341,921 7,943 349,864 7,271 - -
700107 Schools - Carpet & Tile 270,000 203,973 36,540 240,513 29,487 - -
700111 BOE Office Building Upgrade 150,595 7,100 - 7,100 143,495 - -
700113 Schools - Painting 280,000 166,386 16,020 182,406 97,594 - -
700115 Playfields - Church Hill & Kent Island Elementary 60,000 22,165 2,379 24,544 35,456 - -
700117 Playground Repairs - Kent Island Elem School 115,000 11,511 27,723 39,234 75,766 - -
700125 KIHS Practice Fields 130,000 57,608 72,365 129,973 27 - -
700131 BOE Microtherm Monitors 80,000 73,174 6,410 79,584 416 - -
700137 Stevensville Middle PA System 20,000 - - - 20,000 - -
700141 Acoustical Tiles 20,000 13,320 1,480 14,800 5,200 - -
700149 Bayside Elementary Roof 504,000 26,600 305,796 332,396 171,604 - -
700151 Bayside Elementary HVAC 420,000 - 37,625 37,625 382,375 - -
700153 Grasonville Elem Parking Lot 30,000 - 7,335 7,335 22,665 - -
700155 Payroll Software Upgrade 65,000 - 65,000 65,000 - - -
700157 QACHS Field Upgrades 519,132 - 208,160 208,160 310,972 - -
700159 QACHS Stadium Press 50,000 - 6,385 6,385 43,615 - -
700161 Financial Software 60,000 - - - 60,000 - -
700163 Central Call System 16,000 - 6,500 6,500 9,500 - -
700165 Generator - BOE Bldg 50,000 - - - 50,000 - -
700167 Electronic Visitor Register 20,000 - - - 20,000 - -
700169 New Sudlersville Middle School 2,415,600 - 2,205,061 2,205,061 210,539 - -
700173 Church Hill Elementary Playground 700,173 - 174,936 174,936 525,237 - -
700175 Bayside Elementary Fire Alarm 15,500 - 15,100 15,100 400 - -
700177 BOE Security Entrance & Cameras 160,000 - 15,149 15,149 144,851 - -
700179 Centreville Middle Boiler 195 - 195 195 - - -
Subtotal Board of Education 57,029,674 47,254,239 4,377,228 51,631,467 5,398,207 - -
Total Education 59,551,972 49,074,616 4,492,154 53,566,770 5,985,202 - -
CONTINUED
- 135 -

QUEEN ANNE'S COUNTY MARYLAND
CAPITAL PROJECTS FUNDS
SCHEDULE OF APPROPRIATIONS AND EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
EXPENDITURES INCLUDED IN CAPITALIZED
TOTAL PRIOR CURRENT UNEXPENDED CONSTRUCTION CURRENT
PROJ # GENERAL CAPITAL PROJECTS: APPROPRIATION YEARS YEAR TOTAL APPROPRIATIONS IN PROGRESS YEAR
PARKS AND RECREATION
400111 Land - Undesignated $ 195,505 $ 82,517 $ 43,669 $ 126,186 $ 69,319 $ - $ -
400117 CLS - Church Hill Park II 412,678 412,678 9,000 421,678 ( 9,000) - 9 ,000
400121 CLS - Grasonville Park 87,576 87,575 - 87,575 1 - -
400123 Matapeake Park Clubhouse (See Transfers) 853,430 548,945 254,162 803,107 50,323 792,922 2 54,162
400141 Ewing Pond Park 155,000 23,478 39,047 62,525 92,475 62,525 3 9,047
400147 CLS - Round Top Park Trail 4,050 4,050 - 4,050 - - -
400153 Spaniard Point Easements 1,870,000 13,390 - 13,390 1,856,610 13,390 -
400155 Park Survey 46,949 26,756 14,836 41,592 5,357 - -
400173 Conquest Development 500,000 101,896 - 101,896 398,104 101,896 -
400179 CLS - Pinkney Park Restrooms 48,613 48,553 60 48,613 - - 6 0
400183 CLS - Matapeake School Pk Irrigation 111,485 111,485 - 111,485 - - -
400187 CLS - Sudlersville Park 246,917 214,018 24,674 238,692 8,225 - 2 4,674
400215 Preventive Park Maintenance 509,130 337,761 156,688 494,449 14,681 - 2 2,000
400221 CLS - Capital Equipment Fund - P & R 69,904 69,904 - 69,904 - - -
400249 Centreville Trail 505,600 7,250 - 7,250 498,350 7,250 -
400257 CLS - Crumpton Playgrounds 15,790 15,790 - 15,790 - - -
400259 CLS - Tiny Tots Building 50,000 35,121 14,878 49,999 1 - 1 4,878
400297 CLS - Kent Island South Trail Spur - Chews Manor 58,547 58,547 - 58,547 - - -
400299 CLS - Church Hill Park Fitness Trail 52,261 52,260 - 52,260 1 - -
400303 Ferry Point Trail 80,000 127 4,913 5,040 74,960 5,040 4 ,913
400305 White Marsh Park 1,851,142 654,105 874,195 1,528,300 322,842 1,528,300 8 74,195
400333 CLS - Kent Island Elementary Playground 29,969 6,556 23,413 29,969 - - -
400351 CLS - Kirwan Museum Repairs 9,158 9,158 - 9,158 - - -
400387 CLS - Memorial Park (Fallen Heroes) 29,103 9 29,094 29,103 - - 2 9,094
400391 Cross County Connec Trail PS1 50,825 312 36,580 36,892 13,933 36,892 3 6,580
400393 Davidson Property 25,000 - 8,086 8,086 16,914 8,086 8 ,086
400395 CLS - Round Top Playground Equipment 15,095 15,095 - 15,095 - - -
400397 Old Love Point Park Irrigation 125,000 - - - 125,000 - -
400399 Exploration Center Canal Bridge 60,000 7,800 245 8,045 51,955 8,045 2 45
400409 CLS - KIHS Baseball Field Irrigation 30,000 30,000 - 30,000 - - -
400411 CLS - KIHS Practice Field 75,000 29,938 43,613 73,551 1,449 - -
400415 Land - Trail Easements 25,000 1,845 - 1,845 23,155 1,845 -
400421 CLS - Memorials in Parks 786 - - - 786 - -
400439 Wells Cove Landing 202,097 6,495 185,732 192,227 9,870 192,227 1 85,732
400459 Ferry Point/CEC Canal Bridge 145,000 - - - 145,000 - -
400467 CLS - Whtie Marsh Park Equipment 203,323 203,322 - 203,322 1 - -
400473 CLS - Kirwan's Creek Land 504,660 - 504,654 504,654 6 - 5 04,654
400477 Cross Is & Kent Is Trail Amenities 20,000 - - - 20,000 - -
400479 KI South Trail Maintenance Equipment 30,000 - 29,805 29,805 195 - 2 9,805
Total Parks & Recreation 9,304,593 3,216,736 2,297,344 5,514,080 3,790,513 2,758,418 2 ,037,125
LIBRARY
400195 Kent Island Library Expansion I 140,000 - - - 140,000 - -
400385 Kent Island Library Expansion II 297,000 26,000 - 26,000 271,000 26,000 -
Total Library 437,000 26,000 - 26,000 411,000 26,000 -
CONSERVATION
400293 4-H Park Improvements 456,420 115,086 292,676 407,762 48,658 407,762 2 92,676
ECONOMIC/COMMUNITY DEVELOPMENT
400201 Land Sales Proceeds (See Transfers) 30,345 30,345 - 30,345 - - -
ALLOCATION TO COMPONENT UNIT -
PUBLIC HOUSING AUTHORITY
400105 Sudlersville Senior Center 880,000 765,216 114,784 880,000 - - -
400205 PHA Allocation 1,100,000 900,000 100,000 1,000,000 100,000 - -
400207 Housing & Community Service Transfer (See Transfers) - 100,000 - 100,000 ( 100,000) - -
400209 FY05 PHA Allocation 600,000 500,142 99,858 600,000 - - -
400325 FY07 Bond Issuance - - 33,463 33,463 ( 33,463) - -
400429 Restricted Allocation-PHA Foxxtown Proj 2,382,098 2,402,343 (20,250) 2,382,093 5 - -
400463 Sudlersville Alley - Foxxtown - - 47,222 47,222 ( 47,222) 47,222 4 7,222
400485 Restricted Allocation-Scattered Site 100,000 - - - 100,000 - -
Subtotal Public Housing Authority 5,062,098 4,667,701 375,077 5,042,778 19,320 47,222 4 7,222
Total Economic/Community Development 5,092,443 4,698,046 375,077 5,073,123 19,320 47,222 4 7,222
CONTINUED
- 136 -

QUEEN ANNE'S COUNTY MARYLAND
CAPITAL PROJECTS FUNDS
SCHEDULE OF APPROPRIATIONS AND EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
EXPENDITURES INCLUDED IN CAPITALIZED
TOTAL PRIOR CURRENT UNEXPENDED CONSTRUCTION CURRENT
PROJ # GENERAL CAPITAL PROJECTS: APPROPRIATION YEARS YEAR TOTAL APPROPRIATIONS IN PROGRESS YEAR
DEBT SERVICE
400315 CLS - Debt - Bond Issuance Costs $ 16,250 $ - $ - $ - $ 16,250 $ - $ -
400325 FY07 Bond Issuance 310,890 311,311 (423) 310,888 2 - -
400483 2009 Bond Issuance / Consultants 70,000 - 4,234 4,234 65,766 - -
Total Debt Service 397,140 311,311 3,811 315,122 82,018 - -
TRANSFERS TO OTHER FUNDS
400009 Finance System - to Sanitary District - 1,719 - 1,719 ( 1,719) - -
400045 Land Preservation Transfers 705,000 270,000 135,000 405,000 300,000 - -
400083 Renovation/Transit Garage - to Roads Cap Proj 48,300 48,300 - 48,300 - - -
400123 Matapeake Park Clubhouse 85,191 85,191 - 85,191 - - -
400127 Public Landings Allocation 200,000 200,000 - 200,000 - - -
400167 Enterprise Transfer/Allocation 2,918,256 360,185 2,815,747 3,175,932 ( 257,676) - -
400201 Land Sale Proceeds 115,000 115,000 - 115,000 - - -
400207 Housing & Comm Svc Transfer - to Housing Services 450,000 350,000 - 350,000 100,000 - -
400213 Loan Fund Transfers 360,000 360,000 - 360,000 - - -
400217 Transfer to VFD's 162,410 - 162,410 162,410 - - -
400325 FY07 Bond Issuance - - 81,699 81,699 ( 81,699) - -
400447 Budgeted General Fund Transfer In 6,000,000 - 380,609 380,609 5,619,391 - -
400469 Sanitary District Transfer/Allocation 233,000 - 233,000 233,000 - - -
Total Transfers 11,277,157 1,790,395 3,808,465 5,598,860 5,678,297 - -
Total General Capital Projects $ 123,106,860 $ 74,209,494 $ 17,275,641 $ 91,485,135 $ 31,621,725 $ 13,716,974 $ 7 ,378,918
PROJ # ROADS BOARD CAPITAL PROJECTS:
PUBLIC WORKS
820005 Asphalt Overlays - Upgrade $ 2,753,091 $ 986,282 $ - $ 986,282 $ 1,766,809 $ - $ -
820091 CLS - Groff Road Bridge 653,100 631,351 2,010 633,361 19,739 - 2 ,010
820151 Island Creek Road Bridge 1,105,000 20,870 10,968 31,838 1,073,162 31,838 1 0,968
820195 CLS - Salt Storage Sheds 329,423 208,757 20,385 229,142 100,281 - 2 0,385
820203 & 221 Taylor Mill Road Bridge 197,500 450 - 450 197,050 4 50 -
Total Public Works 5,038,114 1,847,710 33,363 1,881,073 3,157,041 32,288 $ 3 3,363
TRANSFERS TO OTHER FUNDS
820187 To Roads Operating 1,118,523 1,019,487 - 1,019,487 99,036 - -
820209 County Wide Mapping II 60,000 40,000 20,000 60,000 - - -
Total Transfers to Other Funds 1,178,523 1,059,487 20,000 1,079,487 99,036 - -
Total Roads Board Capital Projects $ 6,216,637 $ 2,907,197 $ 53,363 $ 2,960,560 $ 3,256,077 $ 3 2,288 $ 3 3,363
Total General and Roads Capital Projects $ 129,323,497 $ 77,116,691 $ 17,329,004 $ 94,445,695 $ 34,877,802 $ 13,749,262 $ 7 ,412,281
Force in Kind Capital Projects reported in $ -
non-capital projects Funds and added to CIP
400124 Matapeake Clubhouse FIC $ - $ 40,380 $ 35,721 $ 76,101 $ ( 76,101) $ 76,101 $ 3 5,721
400142 Ewing Pond Park FIC - 16,250 - 16,250 ( 16,250) 16,250 -
400188 CLS - Sudlersville Park FIC - 10,787 - 10,787 ( 10,787) - -
400250 Centreville Trail - FIC - 3,049 202 3,251 ( 3,251) 3,251 2 02
400304 Ferry Point Project FIC - 8,760 5,003 13,763 ( 13,763) 5,003 5 ,003
400306 White March Park FIC - 52,358 200,708 253,066 ( 253,066) 253,066 2 00,708
400332 CLS - Kirwan Creek Watershed FIC - - 343 343 ( 343) - -
400336 CLS - Corsica & Beyond FIC - 76,015 20,624 96,639 ( 96,639) - -
400392 Cross County Conn II FIC - 1,922 5,277 7,199 ( 7,199) 5,277 5 ,277
400394 Davidson Property FIC - - 2,652 2,652 ( 2,652) 2,652 2 ,652
400400 Exploration Center Bridge FIC - 689 37,414 38,103 ( 38,103) 37,414 3 7,414
400472 Bio Swale Drainage Ditch - FIC - - 9,163 9,163 ( 9,163) 9,163 9 ,163
400478 Cross Is & Kent Is Trail Amenities - FIC 4,000 - - - 4,000 - -
400480 Kent Is South Trail Maintenance Equipment - FIC 6,000 - - - 6,000 - -
$ 10,000 $ 210,210 $ 317,107 $ 527,317 $ ( 517,317) $ 408,177 $ 2 96,140
Total Construction in Progress and Capitalized Current Year $ 1 4,157,439 $ 7 ,708,421
- 137 -

QUEEN ANNE'S COUNTY, MARYLAND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
SCHOOL IMPACT FEES CAPITAL PROJECTS FUND
FOR THE YEAR ENDED JUNE 30, 2009
VARIANCE
ORIGINAL FINAL POSITIVE
BUDGET BUDGET ACTUAL (NEGATIVE)
REVENUES
Charges for Current Services $ 840,000 $ 840,000 $ 7 40,213 $ ( 99,787)
Investment Income 25,000 25,000 3 3,535 8 ,535
Total Revenues 865,000 865,000 7 73,748 ( 91,252)
EXPENDITURES
Total Expenditures - - - -
Excess of Revenues Over (Under) Expenditures 865,000 865,000 7 73,748 ( 91,252)
OTHER FINANCING (USES)
Transfers Out (1,408,120) (1,408,120) (1,408,120) -
Total Other Financing (Uses) (1,408,120) (1,408,120) (1,408,120) -
Net (Decrease) in Fund Balances $ (543,120) $ (543,120) (634,372) $ ( 91,252)
Fund Balances, July 1 2 ,255,460
Fund Balances, June 30 $ 1 ,621,088
- 138 -

NON-MAJOR ENTERPRISE FUNDS
Non-Major Enterprise funds account for activities which are commercial in nature and are
primarily or partially intended to be self-supporting; that is, each fund sets its rates and service
charges at a level sufficient to: (1) meet all of its operating expenses; (2) provide for depreciation
from wear and obsolescence; and (3) to the extent that funds are not borrowed, finance the cost
of expansion of physical facilities. All non-major enterprise funds are intended to be only partially
self-supporting.
- 139 -

NON-MAJOR ENTERPRISE FUNDS
Non-major enterprise funds include all of the following funds:
Public Marinas – This fund accounts for operation, maintenance, and major repairs of
public marinas. For a fee, the general public has access to these marinas for temporary
mooring.
Parks and Recreation:
Blue Heron Golf Course – This fund accounts for operation and maintenance of an 18-
hole public golf course that is owned and operated by the County.
Recreation Programs – This fund accounts for self-supporting recreation programs
wherein user charges cover the majority of operating expenditures.
Public Landings – This fund accounts for operation, maintenance, and major repairs of
public landings and bulkheads. For a fee, the general public has access to these
landings to launch small craft into the many waterways that surround the County.
Property Management – This fund accounts for the operation, maintenance and major
repairs associated with the County’s many parks and public facilities.
- 141 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF NET ASSETS
NON-MAJOR ENTERPRISE FUNDS
JUNE 30, 2009
GOLF RECREATION PUBLIC
ASSETS COURSE PROGRAMS LANDINGS
Current Assets
Equity in Pooled Cash $ 48,040 $ 276,651 $ 332,111
Accounts Receivable (Net) - 52,334 -
Due from Other Funds - 40,000 -
Due from Other Governments - - 76,204
Inventories 8,432 - -
Prepaid Expenses - 9,950 -
Total Current Assets 56,472 378,935 408,315
Capital Assets
Land, Improved and Unimproved 1,904,522 - 559,862
Buildings and Improvements to Buildings 297,946 - -
Improvements Other Than Buildings 122,268 - 1,894,110
Automotive Equipment 22,835 - 10,880
Equipment 583,046 - 56,814
Furniture and Fixtures - 24,023 4,979
Construction in Progress - - 99,034
Capital Assets before Depreciation 2,930,617 24,023 2,625,679
Less Accumulated Depreciation (511,601) (10,728) (203,580)
Total Capital Assets, Net of Accumulated
Depreciation 2,419,016 13,295 2,422,099
Total Noncurrent Assets 2,419,016 13,295 2,422,099
Total Assets 2,475,488 392,230 2,830,414
LIABILITIES
Current Liabilities
Accounts Payable 8,300 37,959 68,686
Accrued Interest Payable 6,327 - -
Escrow Deposits - 4,104 -
Due to Other Funds 40,000 - -
Unearned Revenue 1,252 1,800 -
Current Portion of Compensated Absences 411 456 22,283
Current Portion of Bonds/Notes Payable 71,763 - -
Total Current Liabilities 128,053 44,319 90,969
Noncurrent Liabilities
Compensated Absences 182 202 9,862
Other Post-Employment Benefit Obligation - 7,579 20,074
Bonds/Notes Payable 808,707 - -
Total Noncurrent Liabilities 808,889 7,781 29,936
Total Liabilities 936,942 52,100 120,905
NET ASSETS
Invested in Capital Assets, Net of Related Debt 1,538,546 13,295 2,422,099
Unrestricted - 326,835 287,410
Total Net Assets $ 1,538,546 $ 340,130 $ 2,709,509
- 142 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF NET ASSETS
NON-MAJOR ENTERPRISE FUNDS
JUNE 30, 2009
(CONTINUED)
TOTAL TOTAL
PROPERTY PARKS AND PUBLIC NON-MAJOR
MANAGEMENT RECREATION MARINAS ENTERPRISE
$ 60,138 $ 7 16,940 $ 290,790 $ 1 ,007,730
32,858 8 5,192 - 85,192
- 40,000 - 40,000
5,000 8 1,204 - 81,204
- 8,432 - 8,432
- 9,950 - 9,950
97,996 9 41,718 290,790 1 ,232,508
49,335 2,513,719 209,248 2 ,722,967
2,362,024 2 ,659,970 - 2,659,970
99,013 2,115,391 401,542 2 ,516,933
49,730 8 3,445 - 83,445
156,461 7 96,321 - 796,321
1,748 3 0,750 - 30,750
- 99,034 104,808 2 03,842
2,718,311 8 ,298,630 715,598 9 ,014,228
(439,751) ( 1,165,660) (57,983) ( 1,223,643)
2,278,560 7 ,132,970 657,615 7 ,790,585
2,278,560 7 ,132,970 657,615 7 ,790,585
2,376,556 8 ,074,688 948,405 9 ,023,093
19,258 1 34,203 1,242 135,445
- 6 ,327 756 7 ,083
6,650 1 0,754 - 10,754
- 40,000 507 40,507
12,000 1 5,052 - 15,052
- 23,150 - 23,150
- 71,763 8,283 8 0,046
37,908 3 01,249 10,788 3 12,037
- 10,246 - 10,246
48,922 7 6,575 - 76,575
- 808,707 50,804 8 59,511
48,922 8 95,528 50,804 9 46,332
86,830 1,196,777 61,592 1,258,369
2,278,560 6 ,252,500 598,528 6 ,851,028
11,166 6 25,411 288,285 9 13,696
$ 2,289,726 $ 6 ,877,911 $ 886,813 $ 7,764,724
- 143 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
NON-MAJOR ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
GOLF RECREATION PUBLIC
COURSE PROGRAMS LANDINGS
OPERATING REVENUES
Charges for Services $ 2 82,937 $ 439,774 $ 2 56,730
Intergovernmental - 5 ,198 37,325
Material Sales 41,345 - -
Miscellaneous Revenues 5,618 2 7,680 43,296
Total Operating Revenues 329,900 4 72,652 337,351
OPERATING EXPENSES
Cost of Sales and Services
Parks and Recreation 356,321 5 29,059 381,414
Public Marinas - - -
Total Cost of Sales and Services 356,321 5 29,059 381,414
Depreciation 41,877 1 ,650 33,262
Total Operating Expenses 398,198 5 30,709 414,676
Operating Income (Loss) (68,298) ( 58,057) (77,325)
NON-OPERATING REVENUES (EXPENSES)
Interest Expense (46,203) - -
Gain on Disposal of Capital Assets 35,629 - -
Total Non-Operating (Expenses) (10,574) - -
Gain (Loss) Before Contributions and Transfers (78,872) ( 58,057) (77,325)
Capital Contributions, Fees and Grants 3,464 - 60,604
Transfers In 1 ,540,671 4 3,000 -
Change in Net Assets 1 ,465,263 ( 15,057) (16,721)
Total Net Assets - Beginning of Year 73,283 355,187 2 ,726,230
Total Net Assets - End of Year $ 1 ,538,546 $ 340,130 $ 2 ,709,509
- 144 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
NON-MAJOR ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
TOTAL TOTAL
PROPERTY PARKS AND PUBLIC NON-MAJOR
MANAGEMENT RECREATION MARINAS ENTERPRISE
$ 546,803 $ 1,526,244 $ 100,250 $ 1,626,494
3 ,301 4 5,824 - 4 5,824
1 2,831 5 4,176 - 5 4,176
1 9,314 9 5,908 - 9 5,908
5 82,249 1,722,152 100,250 1,822,402
7 45,322 2,012,116 - 2,012,116
- - 2 8,427 2 8,427
7 45,322 2,012,116 2 8,427 2,040,543
7 8,684 155,473 8 ,031 163,504
8 24,006 2,167,589 3 6,458 2,204,047
( 241,757) ( 445,437) 6 3,792 ( 381,645)
- ( 46,203) (1,592) ( 47,795)
- 3 5,629 - 3 5,629
- ( 10,574) (1,592) ( 12,166)
( 241,757) ( 456,011) 6 2,200 ( 393,811)
5 ,000 6 9,068 - 6 9,068
3 71,250 1,954,921 1 7,061 1,971,982
1 34,493 1,567,978 7 9,261 1,647,239
2,155,233 5,309,933 8 07,552 6,117,485
$ 2,289,726 $ 6,877,911 $ 886,813 $ 7,764,724
- 145 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF CASH FLOWS
NON-MAJOR ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
GOLF RECREATION PUBLIC
COURSE PROGRAMS LANDINGS
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users $ 283,117 $ 397,002 $ 256,601
Receipts from other operating revenues 68,499 32,878 32,507
Payments to suppliers (314,741) (401,154) ( 37,002)
Payments to employees and on behalf of employees (64,489) (162,427) ( 279,709)
Net Cash Provided (Used) by Operating Activities (27,614) (133,701) ( 27,603)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers from other funds 1,540,671 43,000 -
Loan proceeds from interfund loans 40,000 - -
Principal paid on interfund loans (1,436,065) - -
Net Cash Provided by Noncapital Financing Activities 144,606 43,000 -
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Proceeds from the disposition of capital assets 35,629 - -
Receipts from capital grants and contributions 3,464 - 60,604
Principal paid on capital debt (60,000) - -
Interest paid on capital debt (43,474) - -
Acquisition and Construction of Capital Assets (4,571) (7,518) (68,945)
Net Cash Provided (Used) by Capital and Related Financing Activities (68,952) (7,518) ( 8,341)
CASH FLOWS FROM INVESTING ACTIVITIES
Net Cash Provided (Used) by Investing Activities - - -
Net increase (decrease) in cash and cash equivalents 48,040 (98,219) ( 35,944)
Balances - Beginning of year - 374,870 368,055
Balances - End of year $ 48,040 $ 276,651 $ 332,111
Reconciliation of operating income (loss) to net cash
provided by operating activities
Operating income (loss) $ (68,298) $ (58,057) $ (77,325)
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:
Depreciation 41,877 1,650 33,262
Changes in assets and liabilities:
Accounts receivable, net 660 (43,124) -
Operating grants receivable 21,536 - (48,114)
Inventories and Prepaid Expenses (3,176) (9,951) -
Vendor accounts payable (19,271) (32,262) 39,316
Compensated absences (462) 112 5,313
Other Post-Employment Benefit Obligation - 7,579 20,074
Escrow deposits payable - (2) -
Deferred revenue collected in advance (480) 354 (129)
Net Cash Provided (Used) by Operating Activities $ (27,614) $ (133,701) $ ( 27,603)
- 146 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF CASH FLOWS
NON-MAJOR ENTERPRISE FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
TOTAL TOTAL
PROPERTY PARKS AND PUBLIC NON-MAJOR
MANAGEMENT RECREATION MARINAS ENTERPRISE
$ 5 30,495 $ 1,467,215 $ 1 00,250 $ 1 ,567,465
9 9,581 233,465 - 2 33,465
( 281,861) (1,034,758) (48,771) (1,083,529)
( 432,854) (939,479) (3,307) (942,786)
( 84,639) (273,557) 4 8,172 (225,385)
3 71,250 1,954,921 1 7,061 1 ,971,982
- 40,000 5 07 4 0,507
( 226,524) (1,662,589) (14,025) (1,676,614)
1 44,726 332,332 3 ,543 3 35,875
- 35,629 - 3 5,629
5 ,000 69,068 - 6 9,068
- (60,000) (8,230) (68,230)
- (43,474) (1,620) (45,094)
( 4,949) (85,983) (22,545) (108,528)
5 1 (84,760) (32,395) (117,155)
- - - -
6 0,138 (25,985) 1 9,320 (6,665)
- 742,925 2 71,470 1 ,014,395
$ 6 0,138 $ 716,940 $ 2 90,790 $ 1 ,007,730
$ ( 241,757) $ (445,437) $ 6 3,792 $ (381,645)
7 8,684 155,473 8 ,031 1 63,504
( 31,508) (73,972) - (73,972)
6 4,135 37,557 - 3 7,557
- (13,127) - (13,127)
( 18,315) (30,532) (23,651) (54,183)
- 4,963 - 4 ,963
4 8,922 76,575 - 7 6,575
3 ,200 3,198 - 3 ,198
1 2,000 11,745 - 1 1,745
$ ( 84,639) $ (273,557) $ 4 8,172 $ (225,385)
- 147 -

FIDUCIARY FUNDS
Fiduciary funds account for assets held for others, in a trustee or agency capacity, which cannot
be used to support other government programs.
Pension and Other Employee Benefit Trust Funds account for resources that are required to be
held in trust for the members and beneficiaries of defined benefit pension plans, defined
contribution plans, other postemployment benefit plans, or other employee benefit plans. The
County’s one Other Post-Employment Benefit (OPEB) Trust Fund accounts for retiree benefit
plans and is reported as part of the Basic Financial Statements. Additional combining schedules
for the OPEB Trust Fund are included in this section.
Agency Funds account for assets held by the County on behalf of individuals, private
organizations, or other governments and/or funds. Additional combining schedules for the
County’s Agency Funds are included in this section.
- 149 -

OTHER POST-EMPLOYMENT BENEFIT (OPEB) TRUST FUNDS
The County established a Trust entity, entitled “Other Post-Employment Benefit Trust –
County Commissioners of Queen Anne's County, County Commissioners of Kent
County, and Participating Agencies” (OPEB Trust), to accumulate resources and
account for and report retiree benefit plans for the participating agencies.
Participating agencies in the OPEB Trust Fund are as follows:
Queen Anne's County & Public Housing Authority
Queen Anne's County Board of Education
Queen Anne’s County Library
Kent County
AGENCY FUNDS
Agency funds are as follows:
Tax Ditch – This fund accounts for special taxing district revenues that are used to
maintain drainage ditches located in parts of the County.
Zoning Deposits – This fund accounts for performance deposits required under various
sections of the Zoning Ordinance.
State and Town Tax Collections – This fund accounts for collections received by the
County on behalf of the State of Maryland and incorporated towns located within the
County. These taxes are collected by the County along with County taxes and are then
remitted to the proper jurisdiction.
Motor Vehicle Administration Deposits – This fund accounts for funds collected by
the County for State vehicle registration fees.
Mid-shore Regional Recycling Program (MRRP) – This fund accounts for activities of
the regional recycling effort that is supported by four counties, including Queen Anne’s
County.
Escheat – Abandoned Property – This fund accounts for stale-dated County payroll
and disbursements checks that are voided by the County after six months and remitted
to the State after three years as abandoned property. In accordance with State statutes,
these funds are available to be claimed by the original payee or they revert to the State.
- 151 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF FIDUCIARY NET ASSETS
OTHER POST-EMPLOYMENT BENEFIT TRUST FUND
JUNE 30, 2009
QUEEN ANNE'S QUEEN ANNE'S TOTAL
COUNTY & COUNTY QUEEN ANNE'S OPEB
PUBLIC HOUSING BOARD OF COUNTY KENT TRUST
AUTHORITY EDUCATION LIBRARY COUNTY FUNDS
ASSETS
Cash and Cash Equivalents $ 5 00,018 $ 500,018 $ 30,001 $ 1 55,005 $ 1 ,185,042
Total Assets 5 00,018 500,018 30,001 1 55,005 1 ,185,042
LIABILITIES
Due to Other Governments - - - 1 55,005 1 55,005
Total Liabilities - - - 1 55,005 1 55,005
NET ASSETS HELD IN TRUST $ 5 00,018 $ 500,018 $ 30,001 $ - $ 1 ,030,037
- 152 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS
OTHER POST-EMPLOYMENT BENEFIT TRUST FUND
FOR THE YEAR ENDED JUNE 30, 2009
QUEEN ANNE'S QUEEN ANNE'S TOTAL
COUNTY & COUNTY QUEEN ANNE'S OPEB
PUBLIC HOUSING BOARD OF COUNTY TRUST
AUTHORITY EDUCATION LIBRARY FUNDS
ADDITIAODNDSITIONS
ContribuCtoionntsributions
EmployEermsployers $ 1 ,007,955 $ 1 ,534,955 $ 3 8,234 $ 2 ,581,144
MembeMrsembers 1 82,137 5 25,000 3 ,176 7 10,313
Total CoTnottraibl uCtoionntsributions 1 ,190,092 2 ,059,955 4 1,410 3 ,291,457
InvestmIennvte Isntmcoemnet Income 1 8 18 1 3 7
Total AdTdoittaiol nAsdditions 1 ,190,110 2 ,059,973 4 1,411 3 ,291,494
DEDUCDTEIODNUSCTIONS
Claims CPalaidims Paid 6 90,092 1 ,559,955 1 1,410 2 ,261,457
ChangeC inh aAnsgsee tins Assets 5 00,018 5 00,018 3 0,001 1 ,030,037
NET ASNSEETT AS SHSEELTDS I NH ETLRDU ISNT TRUST
Net AssNeetst -A Bsseegtisn n- iBnge goifn Ynienagr of Year - - - -
Net AssNeetst -A Essnedt so f- YEenadr of Year $ 500,018 $ 5 00,018 $ 30,001 $ 1,030,037
- 153 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF FIDUCIARY NET ASSETS
AGENCY FUNDS
JUNE 30, 2009
STATE MOTOR
TAX & TOWN VEHICLE MIDSHORE ESCHEAT - TOTAL
DITCH ZONING TAX ADMIN REGIONAL ABANDONED AGENCY
FUND DEPOSITS COLLECTIONS DEPOSITS RECYCLING PROPERTY FUNDS
ASSETS
Cash and Cash Equivalents $ 121,219 $ 1 59,217 $ 8 1,068 $ 1 0,342 $ - $ 2 ,363 $ 374,209
Miscellaneous Receivables - - - - 165,626 - 165,626
Total Assets $ 121,219 $ 1 59,217 $ 8 1,068 $ 1 0,342 $ 1 65,626 $ 2 ,363 $ 539,835
LIABILITIES
Due to Other Governments $ - $ - $ 81,068 $ 1 0,342 $ 1 65,626 $ 2 ,087 $ 259,123
Deposits and Escrows 121,219 1 59,217 - - - 2 76 280,712
Total Liabilities $ 121,219 $ 1 59,217 $ 8 1,068 $ 1 0,342 $ 1 65,626 $ 2 ,363 $ 539,835
- 155 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS
AGENCY FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
Miscellaneous Total
Cash Receivables Assets
TAX DITCH FUND
Balance 7-1-08 $ 1 29,983 $ - $ 129,983
Additions 3 0,950 - 30,950
Deductions ( 39,714) - (39,714)
Balance 6-30-09 $ 1 21,219 $ - $ 121,219
ZONING DEPOSITS
Balance 7-1-08 $ 1 46,698 $ - $ 146,698
Additions 1 4,552 - 14,552
Deductions ( 2,033) - ( 2,033)
Balance 6-30-09 $ 1 59,217 $ - $ 159,217
STATE AND TOWN TAX COLLECTIONS
Balance 7-1-08 $ 7 4,928 $ - $ 74,928
Additions 1 1,384,904 - 11,384,904
Deductions ( 11,378,764) - (11,378,764)
Balance 6-30-09 $ 8 1,068 $ - $ 81,068
MOTOR VEHICLE ADMIN DEPOSITS
Balance 7-1-08 $ 4 ,197 $ - $ 4,197
Additions 3 52,957 - 352,957
Deductions ( 346,812) - (346,812)
Balance 6-30-09 $ 1 0,342 $ - $ 10,342
MIDSHORE REGIONAL RECYCLING
Balance 7-1-08 $ - $ 1 14,352 $ 114,352
Additions 9 42,235 1 70,896 1,113,131
Deductions ( 942,235) ( 119,622) (1,061,857)
Balance 6-30-09 $ - $ 1 65,626 $ 165,626
ESCHEAT - ABANDONED PROPERTY
Balance 7-1-08 $ 1 ,379 $ - $ 1,379
Additions 2 ,323 - 2,323
Deductions ( 1,339) - ( 1,339)
Balance 6-30-09 $ 2 ,363 $ - $ 2,363
TOTALS - ALL AGENCY FUNDS
Balance 7-1-08 $ 3 57,185 $ 1 14,352 $ 471,537
Additions 1 2,727,921 1 70,896 12,898,817
Deductions ( 12,710,897) ( 119,622) (12,830,519)
Balance 6-30-09 $ 3 74,209 $ 1 65,626 $ 539,835
- 156 -

QUEEN ANNE'S COUNTY, MARYLAND
COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS
AGENCY FUNDS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
Due to
Other Escrow Total
Governments Deposits Liabilities
$ - $ 1 29,983 $ 129,983
- - -
- (8,764) (8,764)
$ - $ 1 21,219 $ 121,219
$ - $ 1 46,698 $ 146,698
- 1 4,552 14,552
- (2,033) (2,033)
$ - $ 1 59,217 $ 159,217
$ 74,928 $ - $ 74,928
1 1,384,904 - 11,384,904
(11,378,764) - (11,378,764)
$ 81,068 $ - $ 81,068
$ 4,197 $ - $ 4,197
352,250 - 352,250
(346,105) - (346,105)
$ 10,342 $ - $ 10,342
$ 114,352 $ - $ 114,352
374,575 - 374,575
(323,301) - (323,301)
$ 165,626 $ - $ 165,626
$ 1,339 $ 4 0 $ 1,379
2,087 2 36 2,323
(1,339) - (1,339)
$ 2,087 $ 2 76 $ 2,363
$ 194,816 $ 2 76,721 $ 471,537
1 2,113,816 1 4,788 12,128,604
(12,049,509) ( 10,797) (12,060,306)
$ 259,123 $ 2 80,712 $ 539,835
- 157 -

Changes in Capital Assets
Interfund Receivables and Payables
Interfund Transfers
Capital Assets are material physical assets whose useful lives exceed one year. Capital Assets
represent a significant portion of the County’s total assets. The capital asset schedule included in
this section outlines the types of changes that took place in governmental capital assets during
the fiscal year.
Interfund receivables and payables are usually used by the County to cover temporary cash
deficits in individual funds until grant funds are received. Occasionally, these receivables and
payables are used in lieu of short-term external borrowing, such as for capital lease agreements.
Interfund Transfers represent a transfer of resources from one fund to another, without
expectation of repayment, and are usually undertaken to enable the receiving entity to provide
services that the government has determined to be in the best interest of the County.
The following detailed schedules of changes in capital assets, interfund receivables and
payables, and interfund transfers are optional schedules added in order to clarify the tables found
in Note 6 – Capital Assets, Note 7 – Interfund Receivables and Payables, and Note 8 – Interfund
Transfers. The note schedules are more condensed and show totals by fund type, whereas the
following detailed schedules provide totals by individual funds.
- 159 -

QUEEN ANNE'S COUNTY, MARYLAND
DETAILED SCHEDULE OF CHANGES IN CAPITAL ASSETS
FOR THE YEAR ENDED JUNE 30, 2009
Less Less
Traded & Governmental General Roads Capital Asset General Less Current Year Change in
Governmental Transferred Force in Kind Capital Capital Donations Capital Project Capital Asset Depreciation Capital
Governmental Activities Capital Outlay Capital Outlay Expenditures Projects Projects Received Retirements Retirements Expense Assets
Capital Assets, not being depreciated:
Land $ - $ 283,648 $ - $ 1,107,323 $ - $ - $ - $ ( 1,362,723) $ - $ 28,248
Land Improvements - - - 86,033 - - - - - 86,033
Construction in Progress - - 296,140 5,915,226 ( 829,141) - (1,278,275) ( 17,323) - 4,086,627
Land - Inexhaustible Infrastructure Improvements - - - 46,837 31,668 - - (597) - 77,908
Total Capital Assets, not being depreciated - 283,648 296,140 7,155,419 ( 797,473) - (1,278,275) ( 1,380,643) - 4,278,816
Capital Assets, being depreciated:
Buildings and Building Improvements 103,059 1,138,246 - 372,560 229,144 - - ( 1,395,915) - 447,094
Improvements other than Buildings - 35,322 - 262,819 - - - (37,845) - 260,296
Vehicles 150,397 4,270 - 610,455 - 5 ,000 - (73,623) - 696,499
Equipment 657,789 - - 226,028 - 1 2,600 - (88,200) - 808,217
Furniture and Fixtures 280,451 - - 18,203 - - - (49,339) - 249,315
Infrastructure Improvements - Depreciable - - - 11,709 601,692 - - (11,347) - 602,054
Total Capital Assets, being depreciated 1,191,696 1,177,838 - 1,501,774 830,836 1 7,600 - ( 1,656,269) - 3,063,475
Less Accumulated Depreciation - - - - - - - 440,961 ( 3,049,539) ( 2,608,578)
Total Capital Assets, being depreciated, net 1,191,696 1,177,838 - 1,501,774 830,836 1 7,600 - ( 1,215,308) ( 3,049,539) 454,897
Total Increase (Decrease) in Capital Assets $ 1 ,191,696 $ 1 ,461,486 $ 296,140 $ 8,657,193 $ 33,363 $ 1 7,600 $ (1,278,275) $ ( 2,595,951) $ ( 3,049,539) $ 4 ,733,713
- 161 -

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(cid:39)(cid:40)(cid:55)(cid:36)(cid:44)(cid:47)(cid:40)(cid:39)(cid:3)(cid:54)(cid:38)(cid:43)(cid:40)(cid:39)(cid:56)(cid:47)(cid:40)(cid:3)(cid:50)(cid:41)(cid:3)(cid:44)(cid:49)(cid:55)(cid:40)(cid:53)(cid:41)(cid:56)(cid:49)(cid:39)(cid:3)(cid:53)(cid:40)(cid:38)(cid:40)(cid:44)(cid:57)(cid:36)(cid:37)(cid:47)(cid:40)(cid:54)(cid:3)(cid:36)(cid:49)(cid:39)(cid:3)(cid:51)(cid:36)(cid:60)(cid:36)(cid:37)(cid:47)(cid:40)(cid:54)
(cid:45)(cid:56)(cid:49)(cid:40)(cid:3)(cid:22)(cid:19)(cid:15)(cid:3)(cid:21)(cid:19)(cid:19)(cid:28)
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(cid:48)(cid:36)(cid:45)(cid:50)(cid:53)
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(cid:38)(cid:50)(cid:48)(cid:48)(cid:56)(cid:49)(cid:44)(cid:55)(cid:60) (cid:38)(cid:36)(cid:51)(cid:44)(cid:55)(cid:36)(cid:47)
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(cid:42)(cid:40)(cid:49)(cid:40)(cid:53)(cid:36)(cid:47)(cid:3) (cid:39)(cid:40)(cid:51)(cid:36)(cid:53)(cid:55)(cid:48)(cid:40)(cid:49)(cid:55) (cid:38)(cid:50)(cid:48)(cid:48)(cid:56)(cid:49)(cid:44)(cid:55)(cid:60) (cid:41)(cid:50)(cid:53)(cid:3) (cid:41)(cid:44)(cid:53)(cid:40)(cid:3)(cid:38)(cid:50)(cid:48)(cid:51)(cid:36)(cid:49)(cid:60)
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(cid:38)(cid:82)(cid:80)(cid:83)(cid:82)(cid:81)(cid:72)(cid:81)(cid:87)(cid:3)(cid:88)(cid:81)(cid:76)(cid:87)(cid:86)(cid:3)
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(cid:55)(cid:50)(cid:55)(cid:36)(cid:47)(cid:3)(cid:36)(cid:47)(cid:47)(cid:3)(cid:41)(cid:56)(cid:49)(cid:39)(cid:54) (cid:7)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:25)(cid:22)(cid:24)(cid:15)(cid:26)(cid:26)(cid:20) (cid:7)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:20)(cid:25)(cid:24)(cid:15)(cid:21)(cid:28)(cid:20) (cid:7)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:21)(cid:23)(cid:15)(cid:23)(cid:23)(cid:24) (cid:7)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:22)(cid:3)(cid:28)(cid:15)(cid:22)(cid:23)(cid:23) (cid:7)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:26)(cid:3)(cid:21)(cid:15)(cid:23)(cid:27)(cid:20) (cid:7)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:22)(cid:19)(cid:20)(cid:15)(cid:24)(cid:25)(cid:20)
- 162 -

QUEEN ANNE'S COUNTY, MARYLAND
DETAILED SCHEDULE OF INTERFUND RECEIVABLES AND PAYABLES
JUNE 30, 2009
(CONTINUED)
COMPONENT
MAJOR ENTERPRISE NON-MAJOR ENTERPRISE UNITS
QUEEN ANNE'S
SANITARY DISTRICT COUNTY
RESTRICTED DEBT SERVICE GOLF PUBLIC HOUSING
FUND FUND SUBTOTAL COURSE MARINAS SUBTOTAL AUTHORITY TOTAL
$ - $ - $ - $ - $ 5 07 $ 507 $ 4 54,157 $ 7 56,225
4 0,000 - 40,000 - - - - 4 0,000
- 40,341 40,341 - - - - 4 0,341
- - - 4 0,000 - 40,000 - 4 0,000
- 40,341 40,341 4 0,000 - 40,000 - 8 0,341
- - - - - - - 6 35,771
$ 4 0,000 $ 40,341 $ 80,341 $ 4 0,000 $ 5 07 $ 40,507 $ 4 54,157 $ 1 ,512,337
- 163 -

QUEEN ANNE'S COUNTY, MARYLAND
DETAILED SCHEDULE OF INTERFUND TRANSFERS
JUNE 30, 2009
TRANSFERS IN FUND
MAJOR GOVERNMENTAL
TRANSFERS OUT GENERAL GENERAL ROADS
TRANSFERS OUT FUND TOTAL FUND CAPITAL PROJECTS BOARD SUBTOTAL
General Fund $ 2,573,612 $ - $ 21,483 $ 3 0,616 $ 5 2,099
Capital Projects Funds
General Capital Projects (1) 3,808,465 543,019 - - 5 43,019
Roads Capital Projects 2 0,000 - 20,000 - 20,000
Impact Fees - Schools 1,408,120 1,408,120 - - 1 ,408,120
Total Transfers Out by Capital Projects Funds 5,236,585 1,951,139 20,000 - 1 ,971,139
Special Revenue Funds
Kent Narrows 4 5,415 4 5,415 - - 45,415
Community Partnerships 2 3,660 2 3,660 - - 23,660
Agricultural Transfer 1,000,000 - - - -
Total Transfers Out by Special Revenue Funds 1,069,075 6 9,075 - - 69,075
Major Enterprise Funds
Sanitary District - Restricted 1,343,312 - - - -
Sanitary District - Debt Service 2,114,845 - - - -
Total Transfers Out by Major Enterprise Funds 3,458,157 - - - -
Total Transfers Out by All Funds $ 12,337,429 $ 2,020,214 $ 41,483 $ 3 0,616 $ 2,092,313
(1) In fiscal year 2009, the General Capital Projects Fund transferred 2006 bond proceeds in the amount of $81,699 to the Bay Bridge Airport Enterprise Fund.
This transaction was appropriately recorded on the Airport's books as an increase to debt liability and on the General Capital Projects Fund's books
as a transfer out. Because enterprise funds and governmental funds record such transactions differently, the $81,699 is reported only as a transfer out with
no corresponding transfer in.
- 164 -

QUEEN ANNE'S COUNTY, MARYLAND
DETAILED SCHEDULE OF INTERFUND TRANSFERS
JUNE 30, 2009
(CONTINUED)
NON-MAJOR GOVERNMENTAL
COMMUNITY CAPITAL
HOUSING AND PARTNERSHIPS RURAL PROJECTS -
DEPARTMENT COMMUNITY FOR LEGACY LAW AGRICULTURAL FIRE COMPANY
OF AGING SERVICES CHILDREN ADM / EASEMENT LIBRARY TRANSFER IMPACT FEES SUBTOTAL
$ 1,622,471 $ 416,742 $ 105,384 $ - $ 8,520 $ 3 2,000 $ 37,069 $ 2,222,186
- - - - - 1 35,000 - 1 35,000
- - - - - - - -
- - - - - - - -
- - - - - 1 35,000 - 1 35,000
- - - - - - - -
- - - - - - - -
- - - 1,000,000 - - - 1,000,000
- - - 1,000,000 - - - 1,000,000
- - - - - - - -
- - - - - - - -
- - - - - - - -
$ 1,622,471 $ 416,742 $ 105,384 $ 1,000,000 $ 8,520 $ 1 67,000 $ 37,069 $ 3,357,186
CONTINUED
- 165 -

QUEEN ANNE'S COUNTY, MARYLAND
DETAILED SCHEDULE OF INTERFUND TRANSFERS
JUNE 30, 2009
(CONTINUED)
TRANSFERS IN FUND
MAJOR ENTERPRISE
SANITARY DISTRICT
SEWER WATER DEBT SERVICE BAY BRIDGE
TRANSFERS OUT FUND OPERATIONS OPERATIONS FUND SUBTOTAL AIRPORT SUBTOTAL
General Fund $ 4,592 $ 157,307 $ - $ 161,899 $ 3 4,308 $ 196,207
Capital Projects Funds
General Capital Projects 233,000 - - 233,000 946,885 1,179,885
Roads Capital Projects - - - - - -
Impact Fees - Schools - - - - - -
Total Transfers Out by Capital Projects Funds 233,000 - - 233,000 946,885 1,179,885
Special Revenue Funds
Kent Narrows - - - - - -
Community Partnerships - - - - - -
Agricultural Transfer - - - - - -
Total Transfers Out by Special Revenue Funds - - - - - -
Enterprise Funds
Sanitary District - Restricted - 288,805 1,054,507 1,343,312 - 1,343,312
Sanitary District - Debt Service 1,738,631 376,214 - 2,114,845 - 2,114,845
Total Transfers Out by Enterprise Funds 1,738,631 665,019 1,054,507 3,458,157 - 3,458,157
Total Transfers Out by All Funds $ 1 ,976,223 $ 822,326 $ 1,054,507 $ 3,853,056 $ 981,193 $ 4 ,834,249
- 166 -

QUEEN ANNE'S COUNTY, MARYLAND
DETAILED SCHEDULE OF INTERFUND TRANSFERS
JUNE 30, 2009
(CONTINUED)
NON-MAJOR ENTERPRISE
GOLF RECREATION PROPERTY PUBLIC TRANSFERS IN
COURSE PROGRAMS MANAGEMENT MARINAS SUBTOTAL TOTAL
$ 154 $ 4 3,000 $ 5 6,930 $ 3 ,036 $ 103,120 $ 2 ,573,612
1 ,540,517 - 3 14,320 1 4,025 1,868,862 3,726,766
- - - - - 20,000
- - - - - 1,408,120
1 ,540,517 - 3 14,320 1 4,025 1,868,862 5,154,886
- - - - - 45,415
- - - - - 23,660
- - - - - 1,000,000
- - - - - 1,069,075
- - - - - 1,343,312
- - - - - 2,114,845
- - - - - 3,458,157
$ 1,540,671 $ 4 3,000 $ 371,250 $ 1 7,061 $ 1,971,982 $ 1 2,255,730
- 167 -

Community Partnerships for Children
Community Partnerships for Children is reported as a Non-Major Special Revenue Fund in the
County’s financial statements. In lieu of preparing separate audited financial statements for the
Partnership, additional schedules have been added to the County’s financial statements to meet
requirements of the Partnership’s grantor agencies.
- 169 -

QUEEN ANNE'S COUNTY
COMMUNITY PARTNERSHIPS FOR CHILDREN SPECIAL REVENUE FUND
COMBINING BALANCE SHEETS
BY GRANTOR
JUNE 30, 2009 (with Summarized Totals as of June 30, 2008)
Federal
Fed/State Federal Drug-Free
GOCCP Family Community State State
Admin GOC Support Ctr SAMHSA CSAFE OTHER
ASSETS
Cash and cash equivalents $ 1 4,059 $ 913,420 $ 4,131 $ - $ - $ 33,908
Accounts receivable 2 ,140 - - - - -
Due from State governmental agencies 5 1,595 157,655 - - 17,381 -
Due from Federal governmental agencies - 37,308 - 2 8,985 - -
Total Assets $ 6 7,794 $ 1,108,383 $ 4,131 $ 2 8,985 $ 17,381 $ 33,908
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable and accrued expenditures $ 7 ,686 $ 267,338 $ - $ 4 33 $ 6,589 $ -
Due to other funds - - - 2 8,552 10,792 -
Due to (from) State governmental agencies (21,973) 580,153 4,131 - - 33,908
Deferred revenue - 258,287 - - - -
Total Liabilities (14,287) 1,105,778 4,131 2 8,985 17,381 33,908
FUND BALANCES
Reserved
Donor-Specified Purposes 5 0 1,000 - - - -
Total Reserved 5 0 1,000 - - - -
Unreserved 8 2,031 1,605 - - - -
Total Fund Balances 8 2,081 2,605 - - - -
Total Liabilities and Fund Balances $ 6 7,794 $ 1,108,383 $ 4,131 $ 2 8,985 $ 17,381 $ 33,908
- 170 -

QUEEN ANNE'S COUNTY
COMMUNITY PARTNERSHIPS FOR CHILDREN SPECIAL REVENUE FUND
COMBINING BALANCE SHEETS
BY GRANTOR
JUNE 30, 2009 (with Summarized Totals as of June 30, 2008)
(CONTINUED)
Total Returned 2008
Community Reinvestment 2009 Summarized
Partnerships Fund Total Total
$ 965,518 $ 5 ,350 $ 970,868 $ 1 ,088,399
2,140 - 2,140 9 1,733
226,631 - 226,631 1 69,354
66,293 - 66,293 8 2,712
$ 1,260,582 $ 5 ,350 $ 1,265,932 $ 1 ,432,198
$ 282,046 $ - $ 282,046 $ 7 13,598
39,344 - 39,344 2 9,148
596,219 - 596,219 4 21,218
258,287 - 258,287 4 7,964
1,175,896 - 1,175,896 1 ,211,928
1,050 - 1,050 1 ,050
1,050 - 1,050 1 ,050
83,636 5 ,350 88,986 2 19,220
84,686 5 ,350 90,036 2 20,270
$ 1,260,582 $ 5 ,350 $ 1,265,932 $ 1 ,432,198
- 171 -

QUEEN ANNE'S COUNTY
COMMUNITY PARTNERSHIPS FOR CHILDREN SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BY COMMUNITY PARTNERSHIP AGREEMENTS (CPA) and NON-COMMUNITY PARTNERSHIP AGREEMENTS (NON-CPA)
FOR THE YEAR ENDED JUNE 30, 2009 (with Summarized Totals for the Year Ended June 30, 2008)
Federal/State GOCCP/GOC
Administrative POS
Operating Fund POS In-State POS CASA Resource
Total Return Diversion Diversion Start Promotion
REVENUES
CPA
Intergovernmental
GOC $ 306,130 $ 160,334 $ - $ 50,000 $ 59,458 $ 98,020
GOC - Carryforward - - 4,733 - - -
Subtotal CPA 306,130 160,334 4,733 50,000 59,458 98,020
Non-CPA
Intergovernmental
Federal GOCCP Youth Strategies - - - - 68,844 -
Federal SAMHSA Drug-Free Communities - - - - - -
Federal MSDE Healthy Families - - - - - -
GOC - non-CPA - - - - - -
Other - - - - - -
Investment Income 8,736 - - - - -
Donations - - - - - -
Miscellaneous 25,188 - - - - -
Subtotal Non-CPA 33,924 - - - 68,844 -
Total Revenues 340,054 160,334 4,733 50,000 128,302 98,020
EXPENDITURES
CPA
Program Contracted Services - 160,334 4,733 - 59,458 98,020
Other Expenditures
Salaries 216,488 - - - - -
Fringe Benefit Costs 79,238 - - - - -
Auditing 2,686 - - - - -
Consultants 19,498 - - - - -
Professional Groups 500 - - - - -
Equipment Rental 4,200 - - - - -
Other Contracted Services - - - - - -
Postage 1,838 - - - - -
Office Supplies 3,060 - - - - -
Printing and Publishing - - - - - -
Equipment Operation 380 - - - - -
Business Travel 152 - - - - -
Meetings & Conferences 3,558 - - - - -
Training 368 - - - - -
Board's Expenditures 5,146 - - - - -
Advertising 500 - - - - -
Marketing/Promotions - - - - - -
Communications 1,073 - - - - -
Utilities 1,654 - - - - -
Rent 19,185 - - - - -
Other Charges 1,990 - - - - -
Subtotal CPA Expenditures 361,514 160,334 4,733 - 59,458 98,020
Non-CPA
Program Contracted Services - - - - 68,844 -
Other Expenditures
Salaries 23,017 - - - - -
Fringe Benefit Costs - - - - - -
Auditing 903 - - - - -
Consultants 7,702 - - - - -
Professional Groups 150 - - - - -
Equipment Rental 1,251 - - - - -
Other Contracted Services - - - - - -
Postage - - - - - -
Office Supplies - - - - - -
Printing and Publishing - - - - - -
Meetings & Conferences - - - - - -
Training - - - - - -
Marketing/Promotions - - - - - -
Communications 54 - - - - -
Utilities - - - - - -
Rent 847 - - - - -
Subtotal Non-CPA Expenditures 33,924 - - - 68,844 -
Total Expenditures 395,438 160,334 4,733 - 128,302 98,020
Excess of Revenues Over (Under) Expenditures (55,384) - - 50,000 - -
OTHER FINANCING SOURCES (USES)
Transfers In (Out) within Partnerships 50,000 - - - - -
Transfers Out - - - (50,000) - -
Transfers In (Out) for
Program Contracted Services - In 5,384 - - - - -
Program Contracted Services - Out - - - - - -
Other Financing Sources (Uses) 55,384 - - (50,000) - -
Net Increase (Decrease) in Fund Balances $ - $ - $ - $ - $ - $ -
- 172 -

QUEEN ANNE'S COUNTY
COMMUNITY PARTNERSHIPS FOR CHILDREN SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BY COMMUNITY PARTNERSHIP AGREEMENTS (CPA) and NON-COMMUNITY PARTNERSHIP AGREEMENTS (NON-CPA)
FOR THE YEAR ENDED JUNE 30, 2009 (with Summarized Totals for the Year Ended June 30, 2008)
(CONTINUED)
Federal/State GOCCP/GOC
Healthy MD Child Rising Star GOCCP/GOC
Chesapeake Fam/Home Family After School Character Mental Youth Operating Fund
Helps Visiting Navigators Opportunity Counts Certification Leadership Total
$ 130,052 $ 9 9,978 $ 168,753 $ 86,450 $ 20,199 $ - $ - $ 873,244
- - - - - - - 4,733
130,052 9 9,978 168,753 86,450 20,199 - - 877,977
- - - - - - - 68,844
- - - - - - - -
- 2 96,372 - - - - - 296,372
- - - - - 1,600 4,000 5,600
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- 2 96,372 - - - 1,600 4,000 370,816
130,052 3 96,350 168,753 86,450 20,199 1,600 4,000 1,248,793
130,052 9 9,978 168,753 86,450 - - - 807,778
- - - - 4,573 - - 4,573
- - - - 376 - - 3 76
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - 3,915 - - 3,915
- - - - 246 - - 2 46
- - - - - - - -
- - - - - - - -
- - - - 1,539 - - 1,539
- - - - 224 - - 2 24
- - - - - - - -
- - - - - - - -
- - - - 9,326 - - 9,326
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
130,052 9 9,978 168,753 86,450 20,199 - - 827,977
- 2 96,372 - 100,000 - 1,600 4,000 470,816
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- 2 96,372 - 100,000 - 1,600 4,000 470,816
130,052 3 96,350 168,753 186,450 20,199 1,600 4,000 1,298,793
- - - (100,000) - - - (50,000)
- - - - - - - -
- - - - - - - (50,000)
- - - 100,000 - - 100,000
- - - - - - - -
- - - 100,000 - - - 50,000
$ - $ - $ - $ - $ - $ - $ - $ -
CONTINUED
- 173 -

QUEEN ANNE'S COUNTY
COMMUNITY PARTNERSHIPS FOR CHILDREN SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BY COMMUNITY PARTNERSHIP AGREEMENTS (CPA) and NON-COMMUNITY PARTNERSHIP AGREEMENTS (NON-CPA)
FOR THE YEAR ENDED JUNE 30, 2009 (with Summarized Totals for the Year Ended June 30, 2008)
(CONTINUED)
Drug Free
Community CSAFE
Operating Fund Community Youth Operating Fund All Programs
Total Policing Prevention Total Subtotal
REVENUES
CPA
Intergovernmental
GOC $ - $ - $ - $ - $ 1,179,374
GOC - Carryforward - - - - 4,733
Subtotal CPA - - - - 1,184,107
Non-CPA
Intergovernmental
Federal GOCCP Youth Strategies - - - - 68,844
Federal SAMHSA Drug-Free Communities 93,883 - - - 93,883
Federal MSDE Healthy Families - - - - 296,372
GOC - non-CPA - - - - 5,600
Other - 22,685 26,147 48,832 48,832
Investment Income - - - - 8,736
Donations - - - - -
Miscellaneous - - - - 25,188
Subtotal Non-CPA 93,883 22,685 26,147 48,832 547,455
Total Revenues 93,883 22,685 26,147 48,832 1,731,562
EXPENDITURES
CPA
Program Contracted Services - - - - 807,778
Other Expenditures
Salaries - - - - 221,061
Fringe Benefit Costs - - - - 79,614
Auditing - - - - 2,686
Consultants - - - - 19,498
Professional Groups - - - - 5 00
Equipment Rental - - - - 4,200
Other Contracted Services - - - - -
Postage - - - - 1,838
Office Supplies - - - - 6,975
Printing and Publishing - - - - 2 46
Equipment Operation - - - - 3 80
Business Travel - - - - 1 52
Meetings & Conferences - - - - 5,097
Training - - - - 5 92
Board's Expenditures - - - - 5,146
Advertising - - - - 5 00
Marketing/Promotions - - - - 9,326
Communications - - - - 1,073
Utilities - - - - 1,654
Rent - - - - 19,185
Other Charges - - - - 1,990
Subtotal CPA Expenditures - - - - 1,189,491
Non-CPA
Program Contracted Services - 375 26,147 26,522 497,338
Other Expenditures
Salaries 29,855 - - - 52,872
Fringe Benefit Costs 12,438 - - - 12,438
Auditing 361 - - - 1,264
Consultants 3,944 - - - 11,646
Professional Groups - - - - 1 50
Equipment Rental - - - - 1,251
Other Contracted Services 16,806 - - - 16,806
Postage 506 - - - 5 06
Office Supplies - - - - -
Printing and Publishing - - - - -
Meetings & Conferences 19,934 - - - 19,934
Training - - - - -
Marketing/Promotions 5,142 - - - 5,142
Communications 130 - - - 1 84
Utilities 1,242 - - - 1,242
Rent 2,175 - - - 3,022
Subtotal Non-CPA Expenditures 92,533 375 26,147 26,522 623,795
Total Expenditures 92,533 375 26,147 26,522 1,813,286
Excess of Revenues Over (Under) Expenditures 1,350 22,310 - 22,310 (81,724)
OTHER FINANCING SOURCES (USES)
Transfers In (Out) within Partnerships - - - - 50,000
Transfers Out - - - - (50,000)
Transfers In (Out) for
Program Contracted Services - In - - - - 105,384
Program Contracted Services - Out (1,350) (22,310) - (22,310) (23,660)
Other Financing Sources (Uses) (1,350) (22,310) - (22,310) 81,724
Net Increase (Decrease) in Fund Balances $ - $ - $ - $ - -
Fund Balances, July 1 84,686
Fund Balances, June 30 $ 84,686
CONTINUED
- 174 -

QUEEN ANNE'S COUNTY
COMMUNITY PARTNERSHIPS FOR CHILDREN SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
BY COMMUNITY PARTNERSHIP AGREEMENTS (CPA) and NON-COMMUNITY PARTNERSHIP AGREEMENTS (NON-CPA)
FOR THE YEAR ENDED JUNE 30, 2009 (with Summarized Totals for the Year Ended June 30, 2008)
(CONTINUED)
Federal Total
State GOC GOCCP Federal Community Returned 2008
CPA Non-CPA Youth Drug Free Federal Partnerships Reinvestment 2009 Summarized
Subtotal Subtotal Strategies Community MSDE Other Operating Funds Fund Total Total
$ 1,179,374 $ - $ - $ - $ - $ - $ 1,179,374 $ - $ 1,179,374 $ 1,165,465
4,733 - - - - - 4,733 - 4,733 1 06,755
1,184,107 - - - - - 1,184,107 - 1,184,107 1 ,272,220
- - 68,844 - - - 68,844 - 68,844 9 3,308
- - - 93,883 - - 93,883 - 93,883 5 1,319
- - - - 296,372 - 296,372 - 296,372 2 96,372
- 5,600 - - - - 5,600 - 5,600 2 0,779
- - - - - 48,832 48,832 - 48,832 5 2,420
- - - - - 8,736 8,736 - 8,736 2 3,985
- - - - - - - - - 500
- - - - - 25,188 25,188 - 25,188 1 0,774
- 5,600 68,844 93,883 296,372 82,756 547,455 - 547,455 5 49,457
1,184,107 5,600 68,844 93,883 296,372 82,756 1,731,562 - 1,731,562 1 ,821,677
807,778 - - - - - 807,778 - 807,778 7 26,810
221,061 - - - - - 221,061 - 221,061 2 52,024
79,614 - - - - - 79,614 - 79,614 9 7,132
2,686 - - - - - 2,686 - 2,686 -
19,498 - - - - - 19,498 - 19,498 2 1,829
5 00 - - - - - 500 - 500 500
4,200 - - - - - 4,200 - 4,200 4,163
- - - - - - - - - 3,393
1,838 - - - - - 1,838 - 1,838 2,296
6,975 - - - - - 6,975 - 6,975 1 0,282
2 46 - - - - - 246 - 246 1,533
3 80 - - - - - 380 - 380 376
1 52 - - - - - 152 - 152 215
5,097 - - - - - 5,097 - 5,097 6,695
5 92 - - - - - 592 - 592 724
5,146 - - - - - 5,146 - 5,146 6,652
5 00 - - - - - 500 - 500 -
9,326 - - - - - 9,326 - 9,326 7,755
1,073 - - - - - 1,073 - 1,073 1,310
1,654 - - - - - 1,654 - 1,654 1,324
19,185 - - - - - 19,185 - 19,185 1 9,905
1,990 - - - - - 1,990 - 1,990 1,053
1,189,491 - - - - - 1,189,491 - 1,189,491 1 ,165,971
- 5,600 68,844 - 296,372 126,522 497,338 - 497,338 5 40,874
- - - 29,855 - 23,017 52,872 - 52,872 1 0,774
- - - 12,438 - - 12,438 - 12,438 -
- - - 361 - 903 1,264 - 1,264 -
- - - 3,944 - 7,702 11,646 - 11,646 750
- - - - - 150 150 - 150 -
- - - - - 1,251 1,251 - 1,251 -
- - - 16,806 - - 16,806 130,234 147,040 2 7,541
- - - 506 - - 506 - 506 109
- - - - - - - - - 435
- - - - - - - - - 100
- - - 19,934 - - 19,934 - 19,934 1 6,215
- - - - - - - - - 1,575
- - - 5,142 - - 5,142 - 5,142 775
- - - 130 - 54 184 - 184 10
- - - 1,242 - - 1,242 - 1,242 1,069
- - - 2,175 - 847 3,022 - 3,022 2,190
- 5,600 68,844 92,533 296,372 160,446 623,795 130,234 754,029 6 02,417
1,189,491 5,600 68,844 92,533 296,372 160,446 1,813,286 130,234 1,943,520 1 ,768,388
(5,384) - - 1,350 - (77,690) (81,724) (130,234) (211,958) 5 3,289
50,000 - - - - - 50,000 - 50,000 5 0,000
(50,000) - - - - - (50,000) - (50,000) (50,000)
105,384 - - - - - 105,384 - 105,384 1 03,921
- - - (1,350) - (22,310) (23,660) - (23,660) (26,976)
105,384 - - (1,350) - (22,310) 81,724 - 81,724 7 6,945
100,000 - - - - (100,000) - (130,234) (130,234) 1 30,234
209,408 (6,428) - (1,025) - (117,269) 84,686 135,584 220,270 9 0,036
$ 309,408 $ ( 6,428) $ - $ ( 1,025) $ - $ (217,269) $ 84,686 $ 5,350 $ 90,036 $ 2 20,270
- 175 -

QUEEN ANNE'S COUNTY
COMMUNITY PARTNERSHIPS FOR CHILDREN SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGETARY BASIS
FOR THE YEAR ENDED JUNE 30, 2009
COMMUNITY PARTNERSHIPS FOR CHILDREN RETURNED REINVESTMENT FUND
Variance with Variance with
Final Budget Final Budget
Original Final Positive Original Final Positive
Budget Budget Actual (Negative) Budget Budget Actual (Negative)
REVENUES
Intergovernmental
GOC - CPA and Non-CPA $ 1,318,874 $ 1 ,318,874 $ 1 ,189,707 $ ( 129,167) $ 147,000 $ - $ - $ -
Federal GOCCP Youth Strategies 103,990 1 03,990 6 8,844 ( 35,146) - - - -
Federal SAMHSA Drug-Free Communities 99,948 1 29,007 9 3,883 ( 35,124) - - - -
Federal MSDE Healthy Families 296,372 2 96,372 2 96,372 - - - - -
Other 26,226 2 6,226 4 8,832 2 2,606 - - - -
Investment Income - - 8 ,736 8 ,736 - - - -
Miscellaneous 17,941 1 7,941 2 5,188 7 ,247 - - - -
Total Revenues 1,863,351 1 ,892,410 1 ,731,562 ( 160,848) 147,000 - - -
EXPENDITURES
Program Contracted Services 1,459,348 1 ,451,811 1 ,305,116 1 46,695 25,000 - - -
Other Expenditures
Salaries 284,745 3 12,096 2 73,933 3 8,163 - - - -
Fringe Benefit Costs 119,364 1 28,609 9 2,052 3 6,557 - - - -
Auditing 3,302 3 ,302 3 ,950 ( 648) - - - -
Consultants 30,400 3 2,060 3 1,144 9 16 - - - -
Professional Groups 500 5 00 6 50 ( 150) - - - -
Equipment Rental 3,500 3 ,500 5 ,451 ( 1,951) - - - -
Monitoring Costs 5,500 5 ,500 - 5,500 - - - -
Other Contracted Services - - 1 6,806 ( 16,806) 122,000 130,234 1 30,234 -
Postage 3,100 3 ,100 2 ,344 7 56 - - - -
Office Supplies 10,025 1 0,025 6 ,975 3 ,050 - - - -
Printing and Publishing 7,660 4 ,160 2 46 3,914 - - - -
Equipment Operation 800 8 00 3 80 4 20 - - - -
Business Travel 1,000 1 ,000 1 52 8 48 - - - -
Meetings & Conferences 31,608 3 2,793 2 5,031 7 ,762 - - - -
Training 1,950 1 ,950 5 92 1,358 - - - -
Board's Expenditures 6,000 6 ,000 5 ,146 8 54 - - - -
Advertising - - 5 00 ( 500) - - - -
Marketing/Promotions 5,489 5 ,489 1 4,468 ( 8,979) - - - -
Communications 1,327 1 ,327 1 ,257 7 0 - - - -
Utilities 2,818 2 ,818 2 ,896 ( 78) - - - -
Rent 23,375 2 4,030 2 2,207 1 ,823 - - - -
Other Charges - - 1 ,990 ( 1,990) - - - -
Capital Outlay CPA 2,000 2 ,000 - 2,000 - - - -
Total Expenditures 2,003,811 2 ,032,870 1 ,813,286 2 19,584 147,000 130,234 1 30,234 -
Excess of Revenues Over (Under)
Expenditures (140,460) ( 140,460) ( 81,724) 5 8,736 - ( 130,234) (130,234) -
OTHER FINANCING SOURCES (USES)
Transfers In (Out) within Partnerships 50,000 5 0,000 5 0,000 - - - - -
Transfers Out (50,000) ( 50,000) ( 50,000) - - - - -
Transfers In (Out) for:
Program Contracted Services - In 168,486 1 68,486 1 05,384 ( 63,102) - - - -
Program Contracted Services - Out (28,026) ( 28,026) ( 23,660) 4 ,366 - - - -
Other Financing Sources (Uses) 140,460 1 40,460 8 1,724 ( 58,736) - - - -
Net Increase (Decrease) in
Fund Balances/Net Assets $ - $ - - $ - $ - $ ( 130,234) (130,234) $ -
Fund Balances, July 1 8 4,686 1 35,584
Fund Balances, June 30 $ 8 4,686 $ 5 ,350
- 176 -

QUEEN ANNE'S COUNTY
COMMUNITY PARTNERSHIPS FOR CHILDREN SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGETARY BASIS
FOR THE YEAR ENDED JUNE 30, 2009
(CONTINUED)
TOTAL
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
$ 1,465,874 $ 1 ,318,874 $ 1 ,189,707 $ ( 129,167)
103,990 1 03,990 6 8,844 ( 35,146)
99,948 129,007 9 3,883 ( 35,124)
296,372 2 96,372 2 96,372 -
26,226 2 6,226 4 8,832 22,606
- - 8 ,736 8,736
17,941 1 7,941 2 5,188 7,247
2,010,351 1 ,892,410 1 ,731,562 ( 160,848)
1,484,348 1 ,451,811 1 ,305,116 146,695
284,745 3 12,096 2 73,933 38,163
119,364 1 28,609 9 2,052 36,557
3,302 3 ,302 3 ,950 ( 648)
30,400 3 2,060 3 1,144 916
500 5 00 6 50 ( 150)
3,500 3 ,500 5 ,451 ( 1,951)
5,500 5 ,500 - 5,500
122,000 1 30,234 1 47,040 ( 16,806)
3,100 3 ,100 2 ,344 756
10,025 1 0,025 6 ,975 3,050
7,660 4,160 2 46 3,914
800 800 3 80 420
1,000 1,000 1 52 848
31,608 32,793 2 5,031 7,762
1,950 1,950 5 92 1,358
6,000 6,000 5 ,146 854
- - 5 00 ( 500)
5,489 5,489 1 4,468 ( 8,979)
1,327 1,327 1 ,257 70
2,818 2,818 2 ,896 ( 78)
23,375 24,030 2 2,207 1,823
- - 1 ,990 ( 1,990)
2,000 2,000 - 2,000
2,150,811 2,163,104 1 ,943,520 219,584
( 140,460) ( 270,694) ( 211,958) 58,736
50,000 50,000 5 0,000 -
( 50,000) ( 50,000) ( 50,000) -
168,486 168,486 1 05,384 ( 63,102)
( 28,026) ( 28,026) ( 23,660) 4,366
140,460 140,460 8 1,724 ( 58,736)
$ - $ ( 130,234) ( 130,234) $ -
2 20,270
$ 9 0,036
- 177 -

- 179 -

STATISTICAL SECTION
The Statistical Section, which fully incorporates information mandated by Governmental
Accounting Standards Board (GASB) Statement No. 44, Economic Condition Reporting: The
Statistical Section, presents detailed information for the primary government in the following
areas, as a context for understanding what the information in the Financial Section says about the
County’s overall financial health:
FINANCIAL TRENDS – Information to help the reader understand how the County’s
financial performance and well-being have changed over time.
REVENUE CAPACITY – Information to help the reader assess the County’s most
significant local revenue sources – the property tax and income tax.
DEBT CAPACITY – Information to help the reader assess the affordability of the
County’s current levels of outstanding debt and the County’s ability to issue additional
debt in the future.
DEMOGRAPHIC AND ECONOMIC INFORMATION – Indicators to help the reader
understand the environment within which the County’s financial activities take place.
OPERATING INFORMATION – Service and infrastructure data to help the reader
understand how the information in the County’s financial report relates to the services the
County provides and the activities it performs.
Many of these tables cover more than two fiscal years and present data from outside the
accounting records. Therefore, the Statistical Section is unaudited.
- 179 -

QUEEN ANNE'S COUNTY, MARYLAND
FINANCIAL TRENDS
NET ASSETS BY COMPONENT - GOVERNMENT-WIDE
(GOVERNMENTAL AND BUSINESS-TYPE ACTIVITIES)
LAST SEVEN FISCAL YEARS
Table 1
2003 2004 2005 2006 2007 2008 2009
Governmental Activities:
Invested in capital assets, net of related debt $ 111,710,606 $ 8 2,209,646 $ 85,784,267 $ 95,644,000 $ 103,657,227 $ 1 17,831,360 $ 123,217,989
Restricted 2 2,167,033 8 ,118,231 8,418,254 9,842,795 18,012,695 15,376,330 16,582,660
Unrestricted (deficit) (1) ( 29,783,476) ( 14,178,514) ( 6,161,281) 7,339,567 (3,740,905) (15,075,202) (26,672,299)
Total Governmental Activities Net Assets 1 04,094,163 7 6,149,363 88,041,240 1 12,826,362 1 17,929,017 1 18,132,488 1 13,128,350
Business-type Activities:
Invested in capital assets, net of related debt 5 0,984,848 5 2,094,337 55,612,719 69,672,273 74,463,912 77,237,512 77,146,688
Restricted 6 ,482,894 7 ,857,202 7,742,890 1 1,733,254 19,133,485 18,276,271 19,886,675
Total Business-type Activities Net Assets 5 7,467,742 5 9,951,539 63,355,609 81,405,527 93,597,397 95,513,783 97,033,363
Primary Government:
Invested in capital assets, net of related debt 1 62,695,454 1 34,303,983 141,396,986 165,316,273 178,121,139 195,068,872 200,364,677
Restricted 2 8,649,927 1 5,975,433 16,161,144 21,576,049 37,146,180 33,652,601 36,469,335
Unrestricted (deficit) (1) ( 29,783,476) ( 14,178,514) ( 6,161,281) 7,339,567 (3,740,905) (15,075,202) (26,672,299)
Total Primary Government Net Assets $ 1 61,561,905 $ 1 36,100,902 $ 151,396,849 $ 194,231,889 $ 2 11,526,414 $ 213,646,271 $ 210,161,713
NOTES:
* Government-wide net asset information is reported on the accrual basis of accounting.
* Accounting standards require that net assets be reported in three components in the financial
statements: invested in capital assets, net of related debt; restricted; and unrestricted. Net
assets are considered restricted when (1) an external party, such as the state or federal
government, places a restriction on how the resources may be used, or (2) enabling
legislation is enacted by the County.
* Information prior to FY03 is not available, due to the FY03 implementation of GASB34.
* Source: Statement of Net Assets, pages 34-35.
(1) In the government-wide financial statements, the County has reported negative unrestricted net assets for some years.
This is due to the fact that the County issues general obligation bonded debt for purposes of capital construction on
behalf of the Queen Anne's County Board of Education. Absent the effect of this relationship, the County would
have reported positive net assets for its governmental activities and for government-wide purposes. Government-
wide unrestricted net assets would have been:
Unrestricted (deficit) net assets reported above $ ( 29,783,476) $ ( 14,178,514) $ (6,161,281) $ 7,339,567 $ (3,740,905) $ (15,075,202) $ (26,672,299)
Debt issued for capital on behalf of others 4 1,941,175 5 1,839,220 47,345,646 44,460,306 57,496,385 53,758,049 50,291,243
County net assets absent effect of this relationship $ 1 2,157,699 $ 3 7,660,706 $ 41,184,365 $ 51,799,873 $ 53,755,480 $ 38,682,847 $ 23,618,944
- 181 -

QUEEN ANNE'S COUNTY, MARYLAND
FINANCIAL TRENDS
CHANGES IN NET ASSETS - GOVERNMENT-WIDE (GOVERNMENTAL AND BUSINESS-TYPE ACTIVITIES)
LAST SEVEN FISCAL YEARS
Table 2-a
2003 2004 2005 2006 2007 2008 2009
Expenses
Governmental Activities:
General Government $ 7,537,390 $ 8,902,751 $ 8,774,831 $ 9,071,760 $ 9,854,468 $ 11,167,743 $ 1 3,317,683
Public Safety 10,161,429 13,064,686 1 4,255,183 1 7,534,652 19,149,388 20,721,185 23,570,049
Public Works 7,594,914 7,512,277 8,303,570 8,898,010 9,913,917 10,420,547 10,237,718
Health 952,194 1,123,795 1,284,216 1,377,717 1,450,866 1,441,143 1,590,004
Social Services 4,003,914 4,084,308 4,786,130 4,420,205 4,474,784 4,978,883 5,617,621
Education 43,050,433 46,142,006 4 0,377,624 4 2,303,087 56,118,585 58,034,317 53,296,238
Parks & Recreation 2,068,102 3,810,546 2,385,014 2,562,890 3,158,455 3,330,087 5,060,018
Library 975,549 1,020,653 1,073,222 1,168,232 1,266,183 1,270,718 1,414,008
Conservation of Natural Resources 892,015 537,207 591,986 478,426 497,926 2,172,443 2,473,308
Economic/Community Development 1,775,216 1,634,749 1,546,516 1,575,099 3,258,876 3,527,908 2 ,197,116
Interest and Fiscal Charges 2,649,524 2,981,403 2,288,442 2,508,070 2,864,493 3,033,416 2,831,002
Total Governmental Activities Expenses 81,660,680 90,814,381 8 5,666,734 9 1,898,148 112,007,941 1 20,098,390 1 21,604,765
Business-type Activities:
Water and Sewer 6,603,225 6,975,749 6,974,968 7,127,140 7,802,798 9,621,784 10,689,782
Parks & Recreation 1,929,891 2,007,419 2,524,904 2,509,783 3,273,986 2,179,157 2,178,163
Public Marinas - - - - 57,372 27,344 38,050
Airport 492,856 522,863 529,755 713,896 674,337 812,067 879,906
Total Business-type Activities Expenses 9,025,972 9,506,031 1 0,029,627 1 0,350,819 11,808,493 12,640,352 13,785,901
Total Primary Government Expenses 90,686,652 100,320,412 9 5,696,361 1 02,248,967 1 23,816,434 1 32,738,742 1 35,390,666
Program Revenues
Governmental Activities:
General Government
Charges for Services 688,216 1,007,791 1,124,756 1,139,531 1,127,737 1,047,371 1,055,945
Operating Grants and Contributions 146,501 185,597 312,136 454,948 377,412 295,898 403,018
Capital Grants and Contributions 62,382 61,448 22,747 60,000 5,000 757,975 5,567
Total Revenue 897,099 1,254,836 1,459,639 1,654,479 1,510,149 2,101,244 1,464,530
Public Safety
Charges for Services 720,580 1,197,844 968,857 1,595,738 1,642,258 3,167,090 1,394,463
Operating Grants and Contributions 1,265,912 887,519 1,443,474 1,743,073 1,255,307 1 ,254,611 1,266,869
Capital Grants and Contributions - 493,132 271,867 456,993 272,497 1,171 273,176
Total Revenue 1,986,492 2,578,495 2,684,198 3,795,804 3,170,062 4,422,872 2,934,508
Public Works
Charges for Services 692,471 782,252 1,666,335 1,189,117 871,962 1,014,600 714,765
Operating Grants and Contributions 4,259,700 3,624,359 4,130,984 3,710,398 5,572,760 6,304,965 7,566,648
Capital Grants and Contributions 230,243 168,092 461,499 57,000 1,838,101 544,610 298,500
Total Revenue 5,182,414 4,574,703 6,258,818 4,956,515 8,282,823 7,864,175 8,579,913
Health
Operating Grants and Contributions 5,241 - - 150,966 - - -
Social Services
Charges for Services 265,809 188,032 162,958 58,467 73,497 64,041 68,386
Operating Grants and Contributions 2,881,622 2,769,345 3,035,511 2,550,840 2,589,967 2 ,911,796 2,928,291
Capital Grants and Contributions 459,411 829,082 24,388 - 172,732 613,804 348,124
Total Revenue 3,606,842 3,786,459 3,222,857 2,609,307 2,836,196 3,589,641 3,344,801
Education
Charges for Services 703,191 1,277,905 917,387 1,696,657 963,216 1 ,011,013 740,213
Operating Grants and Contributions - - - 18,000 - - 8,050
Capital Grants and Contributions - - - - - - 161,673
Total Revenue 703,191 1,277,905 917,387 1,714,657 963,216 1 ,011,013 909,936
Parks & Recreation
Charges for Services 20,494 14,532 21,724 68,051 158,447 302,195 240,954
Operating Grants and Contributions 8,893 4,619 - 42,690 58,485 72,659 509
Capital Grants and Contributions 585,164 3,103,241 297,537 5,998,982 4,363,393 5,666,226 1,087,329
Total Revenue 614,551 3,122,392 319,261 6,109,723 4,580,325 6,041,080 1,328,792
Conservation of Natural Resources
Charges for Services 89,691 109,527 150,052 119,580 100,488 88,534 97,481
Operating Grants and Contributions 250,078 324,573 371,960 680,396 597,613 322,718 55,847
Capital Grants and Contributions - 5,211 28,535 - - - 691,085
Total Revenue 339,769 439,311 550,547 799,976 698,101 411,252 844,413
Economic/Community Development
Charges for Services 24,261 17,615 23,728 11,086 4,083 5,249 4,786
Operating Grants and Contributions 658,808 465,989 247,404 121,497 120,254 163,245 641,305
Capital Grants and Contributions 5,000 - - - - - -
Total Revenue 688,069 483,604 271,132 132,583 124,337 168,494 646,091
Total Governmental Activities Program Revenues 14,023,668 17,517,705 1 5,683,839 2 1,924,010 22,165,209 25,609,771 20,052,984
CONTINUED
- 182 -

QUEEN ANNE'S COUNTY, MARYLAND
FINANCIAL TRENDS
CHANGES IN NET ASSETS - GOVERNMENT-WIDE (GOVERNMENTAL AND BUSINESS-TYPE ACTIVITIES) - CONTINUED
LAST SEVEN FISCAL YEARS
Table 2-a
2003 2004 2005 2006 2007 2008 2009
Business-type Activities:
Water and Sewer
Charges for Services $ 6,738,431 $ 7,206,833 $ 6,704,817 $ 8,057,402 $ 1 2,169,440 $ 8,014,366 $ 7,695,100
Operating Grants and Contributions - - 541,052 - - - -
Capital Grants and Contributions 2,506,457 868,581 994,303 1 2,576,490 5,015,603 2,584,371 682,935
Total Revenue 9,244,888 8,075,414 8,240,172 2 0,633,892 17,185,043 10,598,737 8,378,035
Parks & Recreation
Charges for Services 883,297 1,051,908 1,099,161 1,576,001 1,581,030 1,459,725 1,526,244
Operating Grants and Contributions - - 330,204 387,270 1,279,648 55,953 45,824
Capital Grants and Contributions 658,120 145,975 4,000 469,624 144,844 95,890 69,068
Total Revenue 1,541,417 1,197,883 1,433,365 2,432,895 3,005,522 1 ,611,568 1,641,136
Public Marinas
Charges for Services - - - - 108,100 105,900 100,250
Operating Grants and Contributions - - - - 92,348 3,710 -
Total Revenue - - - - 200,448 109,610 100,250
Airport
Charges for Services 179,029 149,601 182,092 23,661 32,683 46,960 34,907
Operating Grants and Contributions - - - 4,448 1,112 - -
Capital Grants and Contributions 41,190 23,636 69,595 6,368,327 667,166 382,945 289,112
Total Revenue 220,219 173,237 251,687 6,396,436 700,961 429,905 324,019
Total Business-type Activities Program Revenues 1 1,006,524 9,446,534 9,925,224 2 9,463,223 21,091,974 12,749,820 10,443,440
Total Primary Government Program Revenues 25,030,192 26,964,239 2 5,609,063 5 1,387,233 43,257,183 38,359,591 30,496,424
Net (Expense) Revenue (1)
Governmental activities (67,637,012) ( 73,296,676) ( 69,982,895) ( 69,974,138) (89,842,732) (94,488,619) (101,551,781)
Business-type activities 1,980,552 ( 59,497) (104,403) 19,112,404 9,283,481 109,468 (3,342,461)
Total Primary Government Net Expense $ (65,656,460) $( 73,356,173) $ ( 70,087,298) $ ( 50,861,734) $ (80,559,251) $ (94,379,151) $( 104,894,242)
General Revenues and Other Changes in Net Assets
Governmental Activities:
Taxes (2) $ 6 6,274,065 $ 75,137,137 $ 8 0,932,258 $ 8 7,157,631 $ 9 0,910,849 $ 9 1,853,216 $ 9 5,530,316
Grants and Contributions Not Restricted to Specific Programs - - 88,750 - - - -
Investment income 274,585 285,279 682,682 1,738,114 3,162,830 2,128,509 642,472
Gain (Loss) on Sale of Capital Assets 58,529 ( 452,997) - 2,983,087 13,605 - 1,540,404
Miscellaneous 608,688 724,069 1,063,336 997,032 1,928,398 721,946 2,182,525
Transfers In (Out) (554,940) ( 154,916) ( 3,055,362) 2,396,851 (1,070,297) (11,581) (3,348,074)
Special Items - Gain 832,718 215,000 - - - - -
Extraordinary Loss (24,430) - - (477,707) - - -
Total Governmental Activities 67,469,215 75,753,572 79,711,664 9 4,795,008 94,945,385 94,692,090 96,547,643
Business-type Activities:
Investment income 756,118 635,674 634,413 771,883 956,687 875,509 595,279
Gain (Loss) on Sale of Capital Assets (39,866) - - - 4,691 - -
Miscellaneous 333,402 915,879 772,083 562,482 876,714 919,828 918,688
Transfers In (Out) 554,940 154,916 3,055,362 ( 2,396,851) 1,070,297 11,581 3,348,074
Special items - (Loss) - - (953,385) - - - -
Extraordinary Gain - 951,460 - - - - -
Total Business-type Activities 1,604,594 2,657,929 3,508,473 ( 1,062,486) 2,908,389 1,806,918 4,862,041
Total Primary Government 69,073,809 78,411,501 8 3,220,137 9 3,732,522 97,853,774 96,499,008 1 01,409,684
Change in Net Assets
Governmental activities (167,797) 2,456,896 9,728,769 2 4,820,870 5,102,653 203,471 (5,004,138)
Business-type activities 3,585,146 2,598,432 3,404,070 1 8,049,918 12,191,870 1,916,386 1,519,580
Total Primary Government $ 3,417,349 $ 5,055,328 $ 1 3,132,839 $ 4 2,870,788 $ 1 7,294,523 $ 2 ,119,857 $ (3,484,558)
NOTES:
* Government-wide net asset information is reported on the accrual basis of accounting.
* Information prior to FY03 is not available, due to the FY03 implementation of GASB34.
* Source: Statement of Activities, pages 36-37.
(1) Net (expense)/revenue is the difference between the expenses and program revenues of a function or program. It indicates
the degree to which a function or program is supported with its own fees and program-specific grants versus its reliance
upon funding from taxes and general revenues. Numbers in parentheses indicate that expenses were greater than program
revenues and therefore general revenues were needed to finance that function or program. Numbers without parentheses
mean that program revenues were more than sufficient to cover expenses.
(2) See Table 2-b for detail of General Tax Revenues.
- 183 -

QUEEN ANNE'S COUNTY, MARYLAND
FINANCIAL TRENDS
GENERAL TAX REVENUES - GOVERNMENTAL ACTIVITIES
LAST SEVEN FISCAL YEARS
Table 2-b
2003 2004 2005 2006 2007 2008 2009
Local Property Taxes $ 36,257,473 $ 39,784,933 $ 42,121,614 $ 44,688,709 $ 46,185,050 $ 50,021,587 $ 55,362,114
Local Income Tax 23,471,091 27,738,830 29,957,555 31,959,096 35,346,494 35,700,111 34,834,937
Other Local Taxes 6,545,501 7,613,374 8,853,089 10,509,826 9,379,305 6,131,518 5,333,265
Total Taxes - Governmental Activities $ 66,274,065 $ 75,137,137 $ 80,932,258 $ 87,157,631 $ 90,910,849 $ 91,853,216 $ 95,530,316
NOTES:
* Government-wide general tax revenue information is reported on the accrual basis of accounting.
* Information prior to FY03 is not available, due to the FY03 implementation of GASB34.
* Source: Statement of Activities, pages 36-37.
- 184 -

QUEEN ANNE'S COUNTY, MARYLAND
FINANCIAL TRENDS
FUND BALANCES - GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
Table 3
2000 2001 2002 2003 2004
General Fund:
Reserved $ 6,333,566 $ 326,382 $ 9 3,099 $ 5 ,578,543 $ 5,766,939
Unreserved 733,374 6,486,698 7 ,426,819 3 ,269,461 5,669,161
Total General Fund 7,066,940 6,813,080 7 ,519,918 8 ,848,004 1 1,436,100
All Other Governmental Funds:
Reserved 14,885,770 16,870,563 9 ,032,415 9 ,570,304 12,329,623
Unreserved (deficit), reported in:
Capital Projects Fund (7,305,034) 10,340,077 1 2,097,123 6 ,465,484 1 1,835,783
Special Revenue Funds 1,938,263 3,046,815 3,127,711 2 ,972,713 2,698,617
Total All Other Governmental Funds 9,518,999 30,257,455 2 4,257,249 1 9,008,501 26,864,023
Total All Governmental Funds $ 16,585,939 $ 37,070,535 $ 3 1,777,167 $ 2 7,856,505 $ 38,300,123
2005 2006 2007 2008 2009
General Fund:
Reserved $ 5,705,316 $ 6,169,255 $ 7 ,140,303 $ 8 ,948,231 $ 8,643,600
Unreserved 4,104,926 14,944,399 1 5,302,827 3 ,972,847 6,381,843
Total General Fund 9,810,242 21,113,654 2 2,443,130 1 2,921,078 15,025,443
All Other Governmental Funds:
Reserved 15,075,521 13,751,478 2 0,060,988 1 6,706,954 17,007,368
Unreserved (deficit), reported in:
Capital Projects Funds 1 1,706,521 13,579,649 1 7,618,012 1 4,409,216 1,723,066
Special Revenue Funds 3,156,479 2,810,027 3 ,019,522 2 ,185,304 2,751,120
Total All Other Governmental Funds 29,938,521 30,141,154 4 0,698,522 3 3,301,474 21,481,554
Total All Governmental Funds $ 39,748,763 $ 51,254,808 $ 6 3,141,652 $ 4 6,222,552 $ 36,506,997
NOTES:
* Fund balance information for governmental funds is reported on the modified accrual basis of accounting.
* Source: Balance Sheet, pages 38-39.
- 185 -

QUEEN ANNE'S COUNTY, MARYLAND
FINANCIAL TRENDS
CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
Table 4
2000 2001 2002 2003 2004
Revenues
Taxes
Local Property Taxes $ 26,879,315 $ 3 1,470,442 $ 3 3,760,455 $ 3 6,238,606 $ 3 9,771,711
Local Income Taxes 19,373,084 2 1,498,495 2 3,217,162 2 3,517,175 2 6,765,483
Other Local Taxes 3,000,709 2 ,961,474 3 ,987,371 6 ,545,501 7 ,613,374
State Shared Taxes 1,503,702 1 ,890,539 1 ,941,971 4 ,424,763 3 ,660,145
Licenses and Permits 1,451,200 1 ,657,245 2 ,152,720 1 ,410,491 6 47,633
Intergovernmental 7,805,350 8 ,588,986 1 0,471,381 6 ,351,125 9 ,261,854
Charges for Current Services 1,121,836 1 ,279,623 1 ,460,330 1 ,248,229 3 ,464,771
Fines and Forfeitures 20,285 1 7,299 1 5,861 2 9,443 3 8,798
Special Assessments 60,441 5 1,174 4 6,419 4 3,067 (7,528)
Investment Income 1,248,707 2 ,169,485 1 ,042,194 4 65,164 4 10,845
Donations - - - 8 1,350 9 3,178
Miscellaneous (1) 770,705 8 23,059 1 ,020,802 8 53,309 9 54,621
Total Revenues 63,235,334 7 2,407,821 7 9,116,666 8 1,208,223 9 2,674,885
Expenditures
Current
General Government (2) 4,777,730 5 ,493,808 6 ,139,990 7 ,729,416 8 ,851,440
Public Safety 7,169,209 8 ,190,088 8 ,726,365 9 ,829,451 1 1,970,575
Public Works 5,577,264 5 ,793,807 6 ,126,407 6 ,790,032 7 ,872,914
Health 879,277 9 31,775 1 ,208,954 8 07,489 1 ,101,713
Social Services 1,873,674 2 ,399,938 3 ,105,830 4 ,303,930 4 ,922,755
Education (3) 32,358,138 3 7,222,432 3 9,713,371 4 3,050,433 4 6,689,001
Parks and Recreation 1,448,363 1 ,605,717 1 ,727,072 2 ,616,946 6 ,266,051
Library (4) 852,183 9 04,151 9 35,439 9 51,939 9 97,043
Conservation of Natural Resources 275,513 4 59,420 8 80,299 8 80,058 5 65,218
Economic/Community Development 1,183,240 1 ,246,768 1 ,267,138 1 ,848,707 1 ,809,329
Miscellaneous - - - - -
Capital Outlay 9,854,345 9 ,629,250 8 ,001,582 1 ,488,726 1 ,173,687
Debt Service
Principal 1,498,016 6 ,666,033 2 ,920,206 2 ,690,928 4 ,029,332
Debt Issuance Costs - - - - -
Interest and Fiscal Charges 1,786,854 2 ,313,472 2 ,698,380 2 ,695,664 2 ,780,312
Total Expenditures 69,533,806 8 2,856,659 8 3,451,033 8 5,683,719 9 9,029,370
Excess (Deficiency) of Revenues over (under) Expenditures (6,298,472) (10,448,838) (4,334,367) (4,475,496) (6,354,485)
Other Financing Sources (Uses)
Issuance of Debt 400,000 3 1,175,000 6 ,310,000 - 1 6,602,500
Re-allocation of 2006 Bonds - - - - -
Bond Premiums - - - - -
Bond Issuance Costs - - - - -
Proceeds of Capital Asset Disposals - - - 9 8,000 1 35,520
Insurance Proceeds - - - - -
Capital Contributions - Developer - - - - -
Transfers In (5) 4,867,940 5 ,616,405 6 ,137,635 3 ,806,476 9 ,647,582
Transfers (Out) (6) (5,184,688) (6,067,751) ( 7,115,841) (4,361,416) (9,802,498)
Defeasance of debt - - (6,290,795) - -
Total Other Financing Sources (Uses) 83,252 3 0,723,654 (959,001) (456,940) 1 6,583,104
Special and Extraordinary Items
Special Items - - - 8 85,140 2 15,000
Extraordinary Gains (Losses) - - - (24,430) -
Total Special Items and Extraordinary Gains (Losses) - - - 8 60,710 2 15,000
Net Increase (Decrease) in Fund Balances $ (6,215,220) $ 2 0,274,816 $ (5,293,368) $ (4,071,726) $ 1 0,443,619
Debt service as a percentage of non-capital expenditures (7, 8) 5.40% 12.03% 7.59% 6.67% 7.40%
NOTES:
* Governmental fund information is reported on the modified accrual basis of accounting.
* Source: Statement of Revenues, Expenditures and Changes in Fund Balances, pages 42-43,
and the Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities, pages 44-45.
(1) For FY02 and prior, "Miscellaneous Revenue" includes amounts previously classified as "Operating Transfers in" from Component Units.
(2) For all fiscal years, "General Government" includes amounts previously classified as "Miscellaneous," "Intergovernmental" and/or "Contingency."
(3) For FY02 and prior, "Education Expenditures" includes amounts previously classified as "Operating Transfers out" to Component Unit (Board of Education).
(4) For FY02 and prior, "Library Expenditures" includes amounts previously classified as "Operating Transfers out" to Component Unit (Library).
(5) For FY02 and prior, "Transfers In" exclude amounts previously classified as "Operating Transfers in" from Component Units.
(6) For FY02 and prior, "Transfers Out" exclude amounts previously classified as "Operating Transfers out" to Component Units (Board of Education and Library).
(7) Debt service represents debt service principal and interest expenditures and excludes amortization of debt issuance costs as presented above.
(8) Noncapital expenditures represents Total Expenditures above, less expenditures of the General and Roads Capital Project Funds and governmental
capital outlay that resulted in capital assets - see specific line items as part of the reconciliation on page 44.
- 186 -

2005 2006 2007 2008 2009
$ 42,191,297 $ 4 4,657,603 $ 4 6,208,342 $ 5 0,007,054 $ 5 5,374,053
28,237,534 3 1,633,987 3 4,980,663 3 4,767,725 3 5,988,334
8,853,089 1 0,509,826 9,379,305 6 ,131,518 5 ,333,265
4,528,046 4,233,139 5,125,419 5 ,306,763 7 ,591,829
829,784 8 24,917 8 95,931 8 90,821 8 74,639
6,049,496 11,476,325 1 0,661,130 1 2,199,511 8 ,049,695
3,394,626 4,864,374 3,806,563 4 ,049,902 3 ,326,696
48,654 77,008 2 39,194 1 ,759,370 1 15,658
- - - - -
907,275 1,738,139 3,162,830 2 ,128,509 6 42,472
104,093 98,610 74,694 2 47,002 7 6,867
1,567,883 1,346,669 1,853,706 7 19,067 2 ,182,525
96,711,777 1 11,460,597 116,387,777 1 18,207,242 1 19,556,033
8,933,985 9,516,299 8,772,229 1 0,128,699 1 0,841,479
13,199,057 1 6,356,949 1 7,918,740 1 9,292,661 2 0,483,238
9,055,472 9,168,186 9,167,362 9 ,182,618 8 ,678,715
1,261,488 1,355,057 1,428,395 1 ,430,670 1 ,572,848
4,367,736 4,294,781 4,260,927 4 ,747,491 5 ,029,493
40,421,109 4 2,346,958 5 6,163,966 5 8,086,283 5 3,348,513
2,481,296 9,096,593 2,809,748 3 ,083,038 3 ,145,367
1,049,612 1,144,622 1,242,573 1 ,247,108 1 ,390,398
578,426 5 08,606 4 83,810 2 ,177,820 2 ,445,352
1,552,689 1,558,978 3,188,316 3 ,513,153 1 ,968,587
- - 9 15,542 7 31,771 7 06,792
1,280,650 1,049,361 1 4,291,416 1 3,676,569 8 ,594,972
5,928,559 3,677,307 3,795,769 4 ,888,405 5 ,089,347
- - 2 36,899 3 ,972 (423)
2,555,411 2,569,650 2,257,928 3 ,147,529 2 ,778,490
92,665,490 1 02,643,347 1 26,933,620 1 35,337,787 1 26,073,168
4,046,287 8,817,250 ( 10,545,843) (17,130,545) (6,517,135)
30,026,336 - 2 3,219,790 5 10,617 1 22,780
- - - (345,955) -
1,069,864 - 2 36,899 3 ,972 (423)
( 159,647) - - - -
154,787 1,176,860 88,535 4 5,494 6 4,089
- - - 8 ,898 4 4,907
88,750 - - - -
10,661,440 8,578,135 1 3,131,736 1 7,014,307 5 ,449,499
( 13,716,802) ( 6,181,284) ( 14,202,033) (17,025,888) (8,879,272)
( 30,722,375) - - - -
(2,597,647) 3,573,711 2 2,474,927 2 11,445 (3,198,420)
- - - - -
- ( 477,707) ( 42,242) - -
- ( 477,707) ( 42,242) - -
$ 1,448,640 $ 11,913,254 $ 11,886,842 $ (16,919,100) $ (9,715,555)
9.49% 6.88% 5.26% 6.61% 6.77%
- 187 -

QUEEN ANNE'S COUNTY, MARYLAND
ASSESSED VALUE OF TAXABLE AND EXEMPT PROPERTY
LAST TEN FISCAL YEARS
Table 5
Real Property (1) (3) Personal Property Total Total
Total Public Utility Taxable Taxable and
Fiscal Commercial Residential (2) Total Direct Assessed Assessed Exempt Exempt
Year Assessed Value Assessed Value Assessed Value Tax Rate (4) Value (3) (5) Value Property Property
2000 $ 6 34,731,500 $ 2 ,269,951,675 $ 2 ,904,683,175 $ 0 .876 $ 67,954,700 $ 2 ,972,637,875 $ 2 66,713,700 $ 3 ,239,351,575
2001 6 62,743,925 2 ,401,723,715 3 ,064,467,640 0 .976 69,582,528 3 ,134,050,168 2 77,039,075 3 ,411,089,243
2002 6 92,030,001 2 ,607,616,738 3 ,299,646,739 0 .976 70,150,240 3 ,369,796,979 2 74,858,885 3 ,644,655,864
2003 7 28,512,663 2 ,858,309,623 3 ,586,822,286 0 .976 64,201,229 3 ,651,023,515 2 76,953,744 3 ,927,977,259
2004 7 71,054,050 3 ,208,049,692 3 ,979,103,742 0 .976 59,945,270 4 ,039,049,012 2 97,843,389 4 ,336,892,401
2005 8 49,272,884 3 ,690,010,496 4 ,539,283,380 0 .926 57,382,490 4 ,596,665,870 3 30,840,259 4 ,927,506,129
2006 9 50,694,704 4 ,051,000,772 5 ,001,695,476 0 .870 59,360,390 5 ,061,055,866 3 69,542,935 5 ,430,598,801
2007 1 ,104,093,458 4 ,526,502,291 5 ,630,595,749 0 .800 63,168,480 5 ,693,764,229 4 19,303,486 6 ,113,067,715
2008 1 ,291,356,759 5 ,045,464,776 6 ,336,821,535 0 .770 61,729,010 6 ,398,550,545 4 74,798,401 6 ,873,348,946
2009 1 ,503,024,419 5 ,518,534,961 7 ,021,559,380 0 .770 61,513,370 7 ,083,072,750 5 47,163,868 7 ,630,236,618
NOTES:
* Tax exempt property is included for purposes of calculating total assessed value, which is used on Table 12.
(1) The State of Maryland, under Chapter 80 of the Acts of 2000, required that assessed values of real property be based on full cash
value assessments as of October 1, 2000. Prior to that time, assessed values of real property were based on 40% of full cash
value. Fiscal years 2000 and 2001 have been restated to full cash value for comparison purposes.
(2) Residential real property includes single-family homes, townhouses, condominiums, and apartment dwellings. The assessed value shown
above has been reduced for the Homestead Credit assessment.
(3) Real property and personal property assessments are done every three years and every year, respectively, by the State
Department of Assessments and Taxation at 100% of estimated fair value.
(4) See Table 6-a for real property direct tax rates. Tax Rates are applied per $100 of assessed value.
(5) The personal property tax rate for Queen Anne's County is zero.
Source: State of Maryland, Department of Assessments and Taxation.
- 189 -

QUEEN ANNE'S COUNTY, MARYLAND
REAL PROPERTY TAX RATES - COUNTY DIRECT RATE
LAST TEN FISCAL YEARS
Table 6-a
County
Fiscal Direct
Year Rate (1, 2)
2000 $ 0 .876
2001 0 .976
2002 0 .976
2003 0 .976
2004 0 .976
2005 0 .926
2006 0 .870
2007 0 .800
2008 0 .770
2009 0 .770
NOTES:
* No discounts are allowed.
* Taxes are levied as of July 1, are due by September 30, and become delinquent October 1.
* Owner occupied properties may elect to pay on an annual basis. If no election is made,
taxes are paid on a semi-annual basis with payment due by September 30 and December 31.
* Non-owner occupied properties must pay on an annual basis.
* Interest at one percent per month is assessed on delinquent tax bills.
* Revised tax bills based upon certifications from the State received after September 1
may be paid within thirty days without interest.
* Delinquent taxes on real property are collected by sale.
* Costs of tax sale, which vary, are added to the redemption.
* Tax sale date: Third Tuesday in May.
* The personal property tax rate for Queen Anne's County is zero.
(1) The State of Maryland, under Chapter 80 of the Acts of 2000, required that assessed
values of real property be based on full cash value assessments as of October 1, 2000.
Prior to that time, assessed values of real property were based on 40% of full cash value.
Tax rates for fiscal years 2000 and 2001 have been restated to full cash value for
comparison purposes.
(2) Tax Rates are applied per $100 of assessed value.
- 190 -

QUEEN ANNE'S COUNTY, MARYLAND
REAL PROPERTY TAX RATES - COUNTY SPECIAL TAXING DISTRICTS
LAST TEN FISCAL YEARS
Table 6-b
Kent Narrows
Commercial Management
Fiscal and Waterfront
Year Improvement District (1)
2000 $ 0 .060
2001 0 .060
2002 0 .060
2003 0 .060
2004 0 .060
2005 0 .060
2006 0 .060
2007 0 .060
2008 0 .060
2009 0 .060
NOTES:
* Tax rates are per $100 of assessed value.
* The personal property tax rate for Queen Anne's County is zero.
(1) The State of Maryland, under Chapter 80 of the Acts of 2000, required that assessed
values of real property be based on full cash value assessments as of October 1, 2000.
Prior to that time, assessed values of real property were based on 40% of full cash value.
Tax rates for fiscal years 2000 and 2001 have been restated to full cash value for
comparison purposes.
- 191 -

QUEEN ANNE'S COUNTY, MARYLAND
REAL PROPERTY TAX RATES - OVERLAPPING GOVERNMENTS - TOWNS (1)
LAST TEN FISCAL YEARS
Table 6-c
Fiscal Town of Town of Town of Town of Town of
Year Centreville Barclay Church Hill Millington Queen Anne
2000 $ 0 .380 $ 0.100 $ 0.340 $ 0.280 $ 0.180
2001 0 .380 0.100 0.340 0.280 0.180
2002 0 .480 0.100 0.340 0.280 0.210
2003 0 .480 0.100 0.340 0.280 0.180
2004 0 .480 0.100 0.340 0.280 0.180
2005 0 .480 0.100 0.340 0.280 0.180
2006 0 .480 0.100 0.340 0.280 0.180
2007 0 .470 0.100 0.340 0.280 0.180
2008 0 .430 0.100 0.340 0.280 0.180
2009 0 .395 0.100 0.340 0.280 0.180
NOTES:
* Tax rates are per $100 of assessed value.
* The personal property tax rate for Queen Anne's County is zero.
* Taxes collected by the County for other fiscal units, including overlapping governments, are remitted
based on actual collections.
(1) The State of Maryland, under Chapter 80 of the Acts of 2000, required that assessed values of real
property be based on full cash value assessments as of October 1, 2000. Prior to that time, assessed
values of real property were based on 40% of full cash value. Tax rates for fiscal years 2000 and 2001 have been
restated to full cash value for comparison purposes.
- 192 -

Town of Town of Town of
Queenstown Sudlersville Templeville
$ 0 .200 $ 0.188 $ 0.168
0 .200 0.188 0.164
0 .200 0.185 0.161
0 .200 0.176 0.142
0 .200 0.176 0.142
0 .200 0.167 0.133
0 .200 0.167 0.122
0 .200 0.167 0.252
0 .200 0.167 0.252
0 .200 0.167 0.360
- 193 -

QUEEN ANNE'S COUNTY, MARYLAND
TEN HIGHEST COMMERCIAL PROPERTY TAXPAYERS
CURRENT FISCAL YEAR AND NINE YEARS AGO
Table 7
For the Fiscal Year Ended June 30, 2009
Ratio:
Assessable Base Taxpayer
Real Personal Base to Total
Total Property Property Assessable Base
Second Horizon Group Limited Partnership $ 46,985,218 $ 46,867,598 $ 1 17,620 0.66 %
KRM Development Corporation 36,871,333 36,871,333 - 0.52
Great American Life Insurance Company 25,675,400 25,675,400 - 0.36
White's Heritage Partners 25,292,490 25,292,490 - 0.36
Waterford Centreville, LLC 13,799,182 13,799,182 - 0.19
Reliable Development Company 13,016,740 13,016,740 - 0.18
Washington Brick and Terra Cotta Company 12,556,666 12,556,666 - 0.18
JSE Investment 12,021,658 12,021,658 - 0.17
K Hovnanian's Four Seasons at Kent Island 11,838,400 1 1,838,400 - 0.17
Mears Point Association 11,693,204 1 1,693,204 - 0.17
Total $ 209,750,291 $ 209,632,671 $ 1 17,620 2.96 %
Total Assessable Base $ 7 ,083,072,750 100.00 %
For the Fiscal Year Ended June 30, 2000
Ratio:
Assessable Base Taxpayer
Real Personal Base to Total
Total Property Property Assessable Base
Second Horizon Group Limited Partnership $ 32,305,925 $ 32,159,250 $ 146,675 1.09 %
KRM Development 10,832,550 10,832,550 - 0.36
Washington Brick & Terracotta 8,332,200 8,332,200 - 0.28
Kent Island Joint Venture 7,526,750 7,526,750 - 0.25
Gateway Partnership 5,915,925 5,915,925 - 0.20
Bay Bridge Limited 5,831,900 5,831,900 - 0.20
TC Shopping Center 5,742,700 5,742,700 - 0.19
Mears Point Association 5,647,825 5,647,825 - 0.19
Kent Towne Market 5,388,300 5,388,300 - 0.18
Clyde D. Sisk 5,375,700 5,375,700 - 0.18
Total $ 92,899,775 $ 92,753,100 $ 146,675 3.12 %
Total Assessable Base $ 2,972,637,875 100.00 %
NOTES:
(1) The State of Maryland, under Chapter 80 of the Acts of 2000, required that assessed values of real property be based on full cash
value assessments as of October 1, 2000. Prior to that time, assessed values of real property were based on 40% of full cash
value. Fiscal year 2000 has been restated to full cash value for comparison purposes.
Source: State of Maryland Department of Assessments and Taxation
- 194 -

QUEEN ANNE'S COUNTY, MARYLAND
REVENUE CAPACITY
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Table 8
Collected within the
Taxes Levied Fiscal Year of the Levy Collections in Total Collections to Date
Fiscal for the Percentage of Subsequent Percentage of
Year Fiscal Year Amount Original Levy Years Amount Original Levy
2000 $ 25,246,867 $ 2 5,179,068 99.73% $ 4 5,009 $ 25,224,077 99.91%
2001 29,673,499 2 9,593,289 99.73% 3 7,057 29,630,346 99.85%
2002 31,834,978 3 1,759,768 99.76% 115,991 31,875,759 100.13%
2003 34,534,049 3 4,452,221 99.76% 8 2,772 34,534,993 100.00%
2004 38,135,222 3 8,052,633 99.78% 6 7,374 38,120,007 99.96%
2005 40,608,914 4 0,542,167 99.84% 211,284 40,753,451 100.36%
2006 43,208,732 4 3,107,941 99.77% 9 7,716 43,205,657 99.99%
2007 44,500,414 4 4,401,745 99.78% 6 9,517 44,471,262 99.93%
2008 48,575,431 4 8,505,180 99.86% 7 3,704 48,578,884 100.01%
2009 53,839,023 5 3,756,369 99.85% - 53,756,369 99.85%
NOTES:
* This table includes data for all property taxes billed applicable to all funds for Queen Anne's County, Maryland to include General,
Special Revenue, and Enterprise Funds. Property taxes billed for the State of Maryland and various municipalities are excluded.
- 195 -

QUEEN ANNE'S COUNTY, MARYLAND
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
Table 9
Governmental Activities
General Bond Total
Fiscal Obligation Notes Anticipation Capital Governmental
Year Bonds Payable Notes Leases Activites
2000 $ 29,465,000 $ 1,304,927 $ 3,500,000 $ 90,152 $ 34,360,079
2001 57,620,000 1,042,742 - 46,304 58,709,046
2002 55,490,000 593,840 - - 56,083,840
2003 52,800,000 457,912 - - 53,257,912
2004 62,467,858 3,245,500 - 114,331 65,827,689
2005 60,689,541 684,000 - - 61,373,541
2006 56,890,501 622,500 - - 57,513,001
2007 75,938,286 561,000 - 248,460 76,747,746
2008 70,752,345 822,617 - 202,978 71,777,940
2009 65,420,921 913,183 - 155,482 66,489,586
Business-type Activities Ratios
Debt to
General Bond Total Total Total Outstanding
Fiscal Obligation Notes Anticipation Capital Business-type Primary Personal Debt per
Year Bonds Payable Notes Leases Activities Government Income (1) Capita (1)
2000 $ 7,590,000 $ 8,472,616 $ 1,200,000 $ - $ 17,262,616 $ 51,622,695 4.00% $ 1,273
2001 8,515,000 7,410,320 - 2,000 15,927,320 74,636,366 5.41% 1,820
2002 7,825,000 6,912,388 - - 14,737,388 70,821,228 4.85% 1,707
2003 6,865,000 6,402,363 - - 13,267,363 66,525,275 4.27% 1,584
2004 5,825,000 5,879,764 - - 11,704,764 77,532,453 4.90% 1,789
2005 5,383,663 5,343,775 - - 10,727,438 72,100,979 4.50% 1,624
2006 4,943,663 14,580,581 - - 19,524,244 77,037,245 6.91% 1,695
2007 4,608,851 22,516,916 - - 27,125,767 103,873,513 5.58% 2,246
2008 4,094,485 21,058,076 - - 25,152,561 96,930,501 4.82% 2,024
2009 3,573,768 19,624,863 - - 23,198,631 89,688,217 4.24% 1,905
NOTES:
* Amounts for 2000 to 2002 represent debt relating to total governmental funds (from the General Long-Term
Obligations Account Group) and total enterprise funds, since the reporting of governmental activities and
business-type activities in government-wide financial statements was implemented in FY03.
(1) See Table 14 for personal income and population data, which are used in calculating these ratios.
- 196 -

QUEEN ANNE'S COUNTY, MARYLAND
RATIOS OF GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS
Table 10
Percentage of
Fiscal General Total Taxable Per
Year Bonded Debt (1) Assessable Base (2) Capita (3)
2000 $ 37,055,000 1.25% $ 914
2001 66,135,000 2.11% 1,613
2002 63,315,000 1.88% 1,526
2003 59,665,000 1.63% 1,421
2004 68,292,858 1.69% 1,575
2005 66,073,204 1.44% 1,488
2006 61,834,164 1.22% 1,360
2007 80,547,137 1.41% 1,742
2008 74,846,830 1.17% 1,563
2009 68,994,689 0.97% 1,465
NOTES:
* General Bonded Debt includes all general obligation debt, regardless of
purpose or repayment source, and other bonded debt financed with general
government resources. Other debt is excluded because it is not in the form of bonds.
(1) General Bonded Debt is comprised of both governmental and business-
type activities from Table 9.
(2) See Table 5 for taxable assessable base.
(3) See Table 14 for population data.
- 197 -

QUEEN ANNE'S COUNTY, MARYLAND
COMPUTATION OF NET DIRECT AND OVERLAPPING DEBT (1)
AS OF JUNE 30, 2009
Table 11
Name of Jurisdiction Gross Debt
Queen Anne's County:
County Government
Total Net Direct Debt (1) $ 8 9,688,217
Towns: (2)
Centreville 1 0,584,809
Millington 1,356,761
Queenstown 3 23,428
Total Net Overlapping Debt 1 2,264,998
Total Net Direct and Overlapping Debt $ 101,953,215
NOTES:
(1) Net direct debt of the County includes general obligation bonds, notes payable, and capital leases. See Table 9.
Overlapping debt is the debt of other governmental entities located within the County that is
payable in whole or in part by taxpayers of the County.
(2) Entities are located wholly within Queen Anne's County. Debt information reported by municipalities.
- 199 -

QUEEN ANNE'S COUNTY, MARYLAND
COMPUTATION OF LEGAL DEBT MARGIN
LAST TEN FISCAL YEARS
Table 12
2000 2001 2002
Computation of Legal Debt Margin - for Queen Anne's County
Other than Debt related to the Sanitary District:
Authorized debt limit under Title 5 (Subtitle 4) (1) $ 8,000,000 $ 8,000,000 $ 8,000,000
Authorized bonded debt under specific public laws
Enterprise Funds, excluding Sanitary District (5) - 1,715,000 1,625,000
General Obligation Debt (5) 29,465,000 57,620,000 55,490,000
Subtotal 29,465,000 59,335,000 5 7,115,000
Total authorized debt under Title 5 and specific public laws 37,465,000 67,335,000 6 5,115,000
LESS Outstanding bonds, notes payable, and capital leases (6) 51,458,073 74,504,928 70,508,807
Less: Sanitary District debt (5) 17,097,994 14,003,929 12,731,829
Subtotal 34,360,079 60,500,999 57,776,978
Legal Debt Margin - Other than the Sanitary District $ 3,104,921 $ 6,834,001 $ 7,338,022
Debt related to the Sanitary District Proprietary Fund:
Total taxable assessed value (3, 4) $ 2,972,637,875 $ 3,134,050,168 $3,369,796,979
Plus exempt property (3, 4) 266,713,700 277,039,075 274,858,885
Total assessed value $ 3,239,351,575 $ 3 ,411,089,243 $3,644,655,864
Debt Limit - 6% of total assessed value (2, 3) $ 194,361,095 $ 204,665,355 $ 218,679,352
LESS Sanitary District 17,097,994 14,003,929 12,731,829
Less: Restricted Cash and Investments in the
Debt Service Fund available for payment of principal 4,430,101 5,480,724 5,141,449
12,667,893 8,523,205 7,590,380
Legal Debt Margin - Sanitary District $ 181,693,202 $ 196,142,150 $ 211,088,972
NOTES:
(1) Title 5, Subtitle 4 (1), of the Code of Public Local Laws of Queen Anne's County authorizes the County to borrow up to $8,000,000 for
general operating and capital improvement expenditures. This authority is in addition to any bonded debt authorized under specific public local laws.
(2) Title 24, Subtitle 1, Section 24-146(A) of the Code of Public Local Laws of Queen Anne's County authorizes the County to borrow an amount not to
exceed 6% of the total value of property assessed. The proceeds of such borrowings must be used for sewer and water system construction payments.
(3) Prior to June 1, 2001, the legal debt limit was 15 percent of the assessable base (real and personal property) of the County. During that time,
the assessable base for real property was 40 percent of the full assessed value. Effective June 1, 2001, real property in the State of Maryland
began being assessed at 100 percent of full assessed value instead of the previous 40 percent assessment method. Also effective June 1, 2001,
the section of the Code referred to above was amended in conjunction with the real property assessment change. Under the amendment,
the legal debt margin is a total of 6 percent of the assessable base (presented at 100 percent) of real property of the County and 15 percent of
the County's assessable base of personal property and operating real property.
Note that Fiscal Years 2000 and 2001 have been restated to full cash value and the legal debt margin has been calculated at 6% for for all property
and all years for comparison purposes.
(4) See Table 5.
(5) See Note 9, Section B.
(6) See Table 9.
- 200 -

2003 2004 2005 2006 2007 2008 2009
$ 8,000,000 $ 8,000,000 $ 8 ,000,000 $ 8,000,000 $ 8,000,000 $ 8,000,000 $ 8,000,000
1,535,000 1,440,000 1 ,413,663 1,413,663 1,538,851 1,509,485 1,493,768
52,800,000 62,467,858 6 0,689,541 56,890,501 75,938,286 70,752,345 65,420,921
54,335,000 63,907,858 6 2,103,204 58,304,164 77,477,137 72,261,830 66,914,689
62,335,000 71,907,858 7 0,103,204 66,304,164 85,477,137 80,261,830 74,914,689
66,266,872 77,328,067 7 2,100,979 77,037,245 103,625,053 96,727,523 89,688,217
1 1,412,635 10,005,867 9 ,266,078 18,069,698 25,552,847 23,615,821 21,684,421
54,854,237 67,322,200 6 2,834,901 58,967,547 78,072,206 73,111,702 68,003,796
$ 7,480,763 $ 4,585,658 $ 7 ,268,303 $ 7,336,617 $ 7,404,931 $ 7,150,128 $ 6,910,893
$ 3,651,023,515 $ 4,039,049,012 $ 4,596,665,870 $ 5,061,055,866 $ 5,693,764,229 $ 6,398,550,545 $ 7,083,072,750
276,953,744 297,843,389 330,840,259 369,542,935 419,303,486 474,798,401 547,163,868
$ 3,927,977,259 $ 4,336,892,401 $ 4,927,506,129 $ 5,430,598,801 $ 6,113,067,715 $ 6,873,348,946 $ 7,630,236,618
$ 235,678,636 $ 260,213,544 $ 2 95,650,368 $ 325,835,928 $ 366,784,063 $ 412,400,937 $ 457,814,197
1 1,412,635 10,005,867 9 ,266,078 18,069,698 25,552,847 23,615,821 21,684,421
4,264,878 4,289,452 4 ,105,842 3,940,626 4,746,865 4,551,821 4,180,188
7,147,757 5,716,415 5 ,160,236 14,129,072 20,805,982 19,064,000 17,504,233
$ 228,530,879 $ 254,497,129 $ 2 90,490,132 $ 3 11,706,856 $ 345,978,081 $ 393,336,937 $ 440,309,964
- 201 -

QUEEN ANNE'S COUNTY, MARYLAND
PRINCIPAL EMPLOYERS
CURRENT FISCAL YEAR AND NINE YEARS AGO
Table 13
Fiscal Year 2009 Fiscal Year 2000
Percentage of Percentage of
Total County Total County
Employer Employees Rank Employment Employees Rank Employment
Queen Anne's County Board of Education 980 1 7.71% N/A N/A N/A
Queen Anne's County Government 522 2 4.10% N/A N/A N/A
S.E.W. Friel 275 3 2.16% N/A N/A N/A
Paul Reed Smith Guitars 250 4 1.97% N/A N/A N/A
Chesapeake College 225 5 1.77% N/A N/A N/A
Safeway 185 6 1.45% N/A N/A N/A
Reeb Millwork 170 7 1.34% N/A N/A N/A
Kmart 150 8 1.18% N/A N/A N/A
Genesis Healthcare 150 9 1.18% N/A N/A N/A
Acme 150 10 1.18% N/A N/A N/A
Total 3,057 24.04%
NOTES:
* N/A - Information for 2000 is unavailble.
Source: Queen Anne's County Economic Development Office; Tables 15 and 17.
- 202 -

QUEEN ANNE'S COUNTY, MARYLAND
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Table 14
Average
Total Registered
Fiscal Personal Per Capita Unemployment Number of
Year Population (1) Income (2) Income (3) Rate (3) Pupils (4)
2000 40,563 $ 1,290,876,912 $ 31,824 3.40% 7,015
2001 41,000 1,379,035,000 33,635 3.60% 7,239
2002 41,500 1,459,638,000 35,172 3.30% 7,266
2003 42,000 1,558,032,000 37,096 3.50% 7,457
2004 43,350 1,582,275,000 36,500 3.10% 7,530
2005 44,392 1 ,601,707,752 36,081 3.50% 7,649
2006 45,450 1 ,114,661,250 24,525 3.50% 7,162
2007 46,241 1 ,861,755,142 40,262 3.50% 7,774
2008 47,886 2 ,009,392,332 41,962 4.00% 7,790
2009 47,091 2 ,113,538,262 44,882 6.70% 7,774
NOTES:
(1) Source: Queen Anne's County Division of Land Use and Zoning.
(2) Personal income derived by multiplying population by per capita income.
(3) Source: Maryland Department of Business and Economic Development.
(4) Source: Queen Anne's County Board of Education.
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QUEEN ANNE'S COUNTY, MARYLAND
OPERATING INFORMATION
COUNTY GOVERNMENT EMPLOYEES - FULL-TIME EQUIVALENTS
LAST TEN FISCAL YEARS
Table 15
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Number of Exempt Employees 30 31 31 33 33 35 35 36 31 29
Number of Full Time Employees 364 373 394 399 413 420 432 470 481 475
Number of Part Time Employees (FTE) 50 24 24 29 21 21 23 25 20 18
Total County Government Employees 444 428 449 461 467 476 490 531 532 522
NOTES:
Source: Queen Anne's County Finance Office.
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QUEEN ANNE'S COUNTY, MARYLAND
COUNTY GOVERNMENT EMPLOYEES - FULL-TIME ONLY BY FUNCTION
LAST THREE FISCAL YEARS
Table 16
2007 2008 2009
Governmental Activities:
General Government 90 9 0 8 9
Public Safety:
Police 49 5 3 5 2
Fire - Emergency Management Services 69 6 8 6 9
Corrections 37 3 8 4 2
Animal Services 11 11 8
Public Works 87 9 1 8 5
Health 1 1 1
Social Services 40 3 8 3 8
Parks & Recreation 39 4 0 3 8
Conservation of Natural Resources 3 3 3
Economic/Community Development 12 1 2 1 0
Total Governmental Activities 438 4 45 4 35
Business-Type Activities:
Sanitary District 47 4 6 4 5
Bay Bridge Airport 3 3 3
Public Landings 3 3 3
Property Management 5 4 7
Total Business-Type Activities 58 5 6 5 8
Component Unit:
Public Housing Authority 10 11 11
Total Full-Time County Employees 506 5 12 5 04
NOTES:
Only full-time County employees are represented in this Table; data relating to full-time equivalents
for part-time employees is not available at this time.
County employees include the Public Housing Authority but exclude other component units. Therefore,
no employees are listed for the Education or Library functions, which relate to the Board of Education
and the Queen Anne's County Free Library component units, respectively.
As data becomes available in future years, this Table will be updated to include data for up to ten fiscal years.
Source: Queen Anne's County Finance Office.
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QUEEN ANNE'S COUNTY, MARYLAND
OPERATING INFORMATION
OPERATING INDICATORS BY FUNCTION
LAST TEN FISCAL YEARS
Table 17
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Governmental Activities:
General Government:
Planning & Zoning:
Number of commercial permits issued 294 124 118 219 295 272 256 235 23 40
Number of residential permits issued:
Single Family Permits 322 374 406 326 271 247 224 160 138 90
Multi Family Permits 54 33 16 36 - 1 - - - 13
Renovations and Additions Permits 563 519 550 678 745 680 608 541 539 324
Public Safety:
Fire and Rescue:
Number of volunteer members 577 450 577 650 649 630 630 600 663 663
Police:
Uniformed Police Officers 37 42 42 47 50 49 49 49 53 54
Number of law violations:
Physical arrests 1,112 1 ,190 987 1 ,021 1,112 1 ,536 1,115 1 ,413 1 ,373 1,429
Traffic violations 3 ,602 3 ,227 1 ,904 2 ,322 4 ,363 5 ,307 4 ,962 5 ,310 5 ,745 8,276
Detention Center:
Detention Center Officers 28 28 29 29 32 30 31 33 35 37
Average yearly prison population N/A 86 80 92 92 96 99 1 13 1 12 97
Public Works:
Wastewater Treated - Daily (mgd) 1.60 1.50 1.50 1.60 1.50 1.50 1.50 1.50 1.60 1.70
Education:
Number of Personnel
Teachers 439 446 447 458 459 479 496 501 522 528
Administrators 41 37 41 39 39 39 39 40 40 38
Support 283 265 303 303 302 321 318 327 338 338
Other 44 56 46 46 43 53 59 55 77 76
Number of Students 7 ,015 7 ,239 7 ,266 7 ,457 7 ,530 7 ,649 7 ,162 7 ,774 7 ,790 7,774
Number of High School Graduates N/A N/A N/A N/A N/A N/A 514 563 560 590
NOTES:
N/A - Data not readily available, or not available in a manner consistent with this display.
Source: Various County departments.
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QUEEN ANNE'S COUNTY, MARYLAND
OPERATING INFORMATION
CAPITAL ASSET STATISTICS BY FUNCTION
LAST TEN FISCAL YEARS
Table 18
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Governmental Activities:
Public Safety:
Fire and Rescue:
Number of volunteer stations 9 9 9 9 9 10 1 0 1 0 1 0 10
Equipment:
Engines 19 19 17 13 16 17 1 7 1 6 1 6 16
Tankers 9 9 8 8 7 7 7 9 9 9
Aerial Units 3 3 4 3 4 4 4 4 4 4
Rescue Units 4 4 4 5 5 5 5 5 6 6
Brush Units 8 8 8 7 7 7 7 8 8 8
Air Units (MD State Police) 1 1 1 8 8 1 1 1 3 3
Boats 5 4 6 5 5 5 5 3 1 1
Ambulance/Medic Units 15 16 21 15 15 15 1 8 2 0 1 6 16
Cars/Other 7 11 19 15 20 20 2 0 1 6 1 7 17
Police:
Number of Stations 1 1 1 1 1 1 1 1 1 1
Number of Vehicles
Patrol 36 42 38 48 58 43 34 54 57 64
Other 6 8 8 21 6 15 26 15 7 13
Detention Center
Capacity 104 104 104 104 104 104 104 104 104 104
Public Works:
County Maintained Roads and Streets
Paved (miles) 511 508 510 524 522 524 534 536 530 539
Unpaved (miles) 47 27 24 12 13 13 13 12 15 12
County Owned Water and
Wastewater Facilities
Water
Miles of Mains 35 37 38 38 47 47 49 51 56 57
Water Treatment Plants 10 10 10 10 10 10 10 10 11 11
Booster Stations 2 2 3 2 2 2 2 2 2 2
Wastewater
Miles of Mains 91 94 96 97 105 105 107 109 114 1 16
Wastewater Treatment Plants 1 1 1 1 1 1 1 1 1 1
Wastewater Collection, Lift,
and Pumping Stations 27 28 28 28 29 29 29 29 31 31
Education:
Number of Schools
High Schools 2 2 2 2 2 2 2 2 2 2
Middle Schools 3 3 3 3 3 3 3 3 3 4
Elementary Schools 7 7 7 7 7 8 8 8 8 8
Parks and Recreation:
Parks 21 25 24 24 24 24 28 29 32 33
Park Acreage 1,842 1,804 1,902 2,022 2,024 2,024 2,579 2,572 2,633 2,633
Public Landings 20 21 22 22 22 21 21 21 21 20
Library:
Number of Libraries 3 3 3 3 3 3 3 3 3 3
NOTES:
Source: Various County departments.
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