FY 23 Approved Budget Book

WATER & SEWER DEBT SERVICE FUND

CAPITAL SURCHARGES The Governmental Accounting Standards Board (GASB), the standard-setting authority for governmental accounting, introduced a financial reporting model through GASB Statement No. 34, which requires capital contributions flow through income statements as revenues. This account will be used to record surcharges for a limited number of specific projects as well as any future capital surcharges to be set.

INVESTMENT INCOME This account is provided to record interest earned on the investment of all idle cash in the Water and Sewer Debt Service Fund.

INTEREST AND PENALTIES Chapter 256-19 of the Harford County Code imposes charges on late payment of water and sewer bills, turn on/turn off fees and meter tampering.

ALL FUND SUMMARY:

ORIGINAL BUDGET FY 22

EXECUTIVE PROPOSED FY 23

AUDITED FY 20

AUDITED FY 21

ENACTED FY 23

SUMMARY BY CHARACTER: 20

CONTRACTUAL SERVICES

6,462

0

70,000 70,000

70,000

70,000

60 70

DEBT SERVICE MISCELLANEOUS

13,454,605

12,401,949

12,872,000 16,726,12,5625,810

12,625,810 8,029,190

0

0

8,522,000

8,029,190

GRAND TOTAL

13,461,067

12,401,949

21,464,000

20,725,000

20,725,000

SUMMARY BY DEPARTMENT: 66 DEBT SERVICE

13,461,067

12,401,949

21,464,000

20,725,000

20,725,000

GRAND TOTAL

13,461,067

12,401,949

21,464,000

20,725,000

20,725,000

SUMMARY BY REVENUE SOURCE:

CAPITAL ASSESSMENTS CAPITAL CONNECTIONS DEVELOPMENT CHARGES

3,899,335 20,992,838 10,991,874

3,749,637 3,002,005 6,007,722

3,766,900 4,013,7030,314,500

3,314,500 4,514,100 12,545,000

6,403,600 10,992,000

4,514,100 12,545,000

MISCELLANEOUS

850,661

245,531

301,500

351,400

351,400

GRAND TOTAL

36,734,708

13,004,895

21,464,000

20,725,000

20,725,000

170