FY 24 APPROVED OPERATING BUDGET

HARFORD COUNTY MARYLAND FISCAL YEAR 2024 BUDGET SUMMARY

Water & Sewer Fund

of the Total All Funds FY 24 Operating Budget of the Total All Funds FY 23 Operating Budget

FY 24 Approved Budget

79,815,000

8.27 %

FY 23 Approved Budget

72,110,000 7,705,000

7.64 %

$ increase % increase

10.69 %

The Water & Sewer Operating Fund was established as a self-sustaining utility account for water and sewer services provided by Harford County Government. Adjustments based on actual spending history for maintenance, materials and inspections. Increase in Paygo to support the FY 24 Water & Sewer Capital Budget for replacement of infrastructure, booster stations, infiltration and inflow, pump stations, etc.; and adjustments to Depreciation and Pro Rata charges (provided to the General Fund) increase for FY 24

Water & Sewer Debt Service FY 24 Approved Budget FY 23 Approved Budget

12,585,000 20,725,000 (8,140,000)

1.30 % of the Total All Funds FY 24 Operating Budget 2.20 % of the Total All Funds FY 23 Operating Budget

$ decrease % decrease

(39.28)%

The Water & Sewer Debt Service Fund provides appropriation authority for the payment of principal and interest of long-term water and sewer bonds and loans used to finance the capital projects of the County-owned water and sewer system. The decrease in funding for FY 24 is a result of the principal and interest payments adjusted to amounts due on outstanding debt.

Parks and Recreation Special Revenue Fund FY 24 Approved Budget 855,000

0.09 % of the Total All Funds FY 24 Operating Budget 0.09 % of the Total All Funds FY 23 Operating Budget

FY 23 Approved Budget

838,000 17,000

$ increase % increase

2.03%

The Parks and Recreation Special Fund increase based on revenue trends and estimates.

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