FY 24 APPROVED OPERATING BUDGET

DEPARTMENT: DEBT SERVICE DIVISION: Debt Service - 661250 Principal, 662250 Interest - Highways Fund

It is Harford County's practice to conduct an annual bond sale contingent on capital project needs and the economic conditions of the bond market. Prior to selling bonds, the County will issue Bond Anticipation Notes (short term financing) to start the construction of capital projects based on cash flow needs. The following capital projects are included in the FY 24 Approved Capital Budget: Bridges Roads Ayres Chapel Road Bridge #116 25,000 Drainage Improvements 200,000 Johnson Mill Road Bridge #45 100,000 Intersection Improvements 400,000 Moores Road Bridge #78 80,000 Stormdrain Rehabilitation 350,000 Rush Road Bridge #97 400,000 Trimble Rd (Joppa to Garnett) 200,000 Scarboro Road Bridge #140 50,000 Washington Court Access Road 300,000 Stafford Road Bridge #162 80,000 Total Roads 1,450,000 Trappe Church Road Bridge #161 50,000 Total Bridges 785,000 Other Lease/SBITA Assets 24 2,000,000 Total Other 2,000,000

Total Highways Projects

4,235,000

DEPARTMENT: DEBT SERVICE DIVISION: Debt Service - 661250 Principal, 662250 Interest - Highways Fund

ORIGINAL BUDGET FY 23

EXECUTIVE PROPOSED FY 24

ENACTED FY 24

AUDITED FY 21

AUDITED FY 22

PRINCIPAL PAYMENTS: 6101

1,790,874 1 ,790,874

County Bonds

1,123,637

1,352,642 1,352,642

1,634,296 1,634,296

1,790,874 1,790,874

TOTAL PRINCIPAL PAYMENTS 1,123,637

INTEREST PAYMENTS: 6201

1,055,565 1,055,565

County Bonds

648,752 648,752

789,126 789,126

988,598 988,598

1,055,565 1,055,565

TOTAL INTEREST PAYMENTS

2,846,439

1,772,389

2,141,768

2,622,894

2,846,439

732