FY 24 APPROVED OPERATING BUDGET

GENERAL FUND

FINANCIAL NOTES:

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

4,415,935 5,332,112 916,177 BUSINESS AND TRAVEL

Increase is mainly the result of the additional funds required for the vehicle maintenance contract and fuel costs due to the additional fleet for EMS services (ambulances, etc.) and additional funds for lodging, training, conferences to provide for our continued commitment to reinvest in the County workforce.

1,971,144 2,042,332 71,188 CAPITAL OUTLAY

Increase in capital outlay is mainly the result of replacing large equipment for landfill operations, as well as sufficient funds for police car packages for Sheriff's Office vehicles (costs almost doubled), voting equipment for Elections, and audio visual equipment.

61,576,852 65,168,790 3,591,938 DEBT SERVICE

Principal and Interest payments on existing debt, and new debt to be issued in accordance with the FY 24 Approved Capital Budget.

431,386,682 424,060,238 (7,326,444) MISCELLANEOUS

Decrease is mainly the result of less funding provided to the Board of Education's in FY 24 but still meeting the State required maintenance of effort. Funds provided to Harford Community College and the County Public Libraries remained at the same level as FY 23. The Volunteer Fire Companies were provided additional funds to offset the loss of their ambulance billing revenue.

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