FY 23 Approved Budget Book
HARFORD COUNTY, MARYLAND STATEMENTS OF ESTIMATED UNASSIGNED FUND BALANCE GENERAL FUND
GENERAL FUND
Fiscal Year 2023 Estimated Revenues
666,580,496 (752,570,000)
Less Fiscal Year 2023 Estimated Expenditures
ESTIMATED UNASSIGNED FUND BALANCE FOR FY 2024 & FUTURE YEARS
23,270,506
Reserve for Fiscal Stabilization Fund (1)
37,628,500
Estimated Reserve for Fiscal Stabilization Fund as a Percentage of Total Estimated Expenditures
5 %
(1) The 5% Reserve for Fiscal Stabilization Fund in the General Fund is necessary to maintain the high credit rating obtained from the Credit Rating agencies. The high bond rating allows the County to sell long-term debt at a lower interest cost thereby saving interest expenses each year. This policy was established in the County's Five Year Business Plan.
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