FY 23 Approved Budget Book

HARFORD COUNTY, MARYLAND STATEMENT OF ESTIMATED UNASSIGNED FUND BALANCE HIGHWAYS FUND

HIGHWAYS FUND

TOTAL FUND BALANCE AT June 30, 2021 Fiscal Year 2022 Estimated Revenues Less Fiscal Year 2022 Estimated Expenditures

23,941,113 49,892,600 (50,900,000) 22,933,713

TOTAL ESTIMATED FUND BALANCE AT June 30, 2022

FUND BALANCE AVAILABLE FOR APPROPRIATION AT June 30, 2022 TOTAL ESTIMATED FUND BALANCE AT June 30, 2022

22,933,713

LESS: Nonspendable Fund Balance Inventory

(1,300,000)

LESS: Restricted Fund Balance Bond Proceeds

(887,000) (300,000)

Highways-PILOT

Less: Assigned Fund Balance Reserve for Fiscal Stabilization Fund

(3,120,000) (1,000,000) 16,326,713 52,553,903 (62,400,000)

Encumbrances

ESTIMATED UNASSIGNED FUND BALANCE AT June 30, 2022

Fiscal Year 2023 Estimated Revenues

Less Fiscal Year 2023 Estimated Expenditures

ESTIMATED UNASSIGNED FUND BALANCE FOR FY 2024 & FUTURE YEARS

6,480,616 3,120,000

Reserve for Fiscal Stabilization Fund

Estimated Reserve for Fiscal Stabilization Fund as a Percentage of Total Expenditures

5 %

94