Harford County, Maryland FY 24 Proposed Operating Budget

DEBT SERVICE

ORIGIN/PURPOSE : Debt management is an important component of the County's financial management practices. The County will issue General Obligation bonds to finance the capital portion of tax supported general public purpose governmental activities with libraries, schools, public safety buildings, and water & sewer projects being the most common uses of bond proceeds. The Debt Service account includes the amounts necessary to pay the principal and the interest on outstanding indebtedness, to include the sale of bonds, short-term financing, and lease finance. In addition, all costs associated with bond sales, issues, and controls are also appropriated here. ALL FUND SUMMARY:

ORIGINAL BUDGET FY 23

EXECUTIVE PROPOSED FY 24

AUDITED FY 21

AUDITED FY 22

CHANGE FY 23 VS FY 24

SUMMARY BY CHARACTER:

20 CONTRACTUAL SERVICES

23,298

45,654

112,000

112,000

0

60 DEBT SERVICE 70 MISCELLANEOUS

86,303,081

96,858,162

83,091,364 8,029,190

85,878,616

2,787,252 (7,432,828)

0

0

596,362

GRAND TOTAL

86,326,379

96,903,816

91,232,554

86,586,978

(4,645,576)

SUMMARY BY FUND:

11 GENERAL 25 HIGHWAYS

53,479,846 1,794,091 2,301,496

78,426,403 2,165,561 1,976,984 1,365,642

61,616,852 2,652,894 3,800,000 1,567,808

65,208,790 2,876,439 3,100,000 1,951,749

3,591,938 223,545 (700,000) 383,941

27 AG PRESERVATION - COUNTY 29 WATERSHED MANAGEMENT

942,290

31 TAX INCREMENT FINANCING 15,406,708 53 WATER & SEWER DEBT SERVICE 12,401,949

738,822

870,000

865,000

(5,000)

12,230,404

20,725,000

12,585,000

(8,140,000)

GRAND TOTAL

86,326,379

96,903,816

91,232,554

86,586,978

(4,645,576)

606