Harford County, Maryland FY 24 Proposed 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 Proposed Capital Budget: Bridges Roads Ayres Chapel Road Bridge #116

25,000 Drainage Improvements 100,000 Intersection Improvements 80,000 Stormdrain Rehabilitation 400,000 Trimble Rd (Joppa to Garnett) 50,000 Washington Court Access Road

200,000 400,000 350,000 200,000 300,000

Johnson Mill Road Bridge #45 Moores Road Bridge #78 Rush Road Bridge #97 Scarboro Road Bridge #140 Stafford Road Bridge #162 Trappe Church Road Bridge #161

80,000 Total Roads

1,450,000

50,000 785,000

Total Bridges

Other Lease/SBITA Assets 24

2,000,000 2,000,000

Total Other

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

AUDITED FY 21

AUDITED FY 22

CHANGE FY 23 VS FY 24

PRINCIPAL PAYMENTS: 6101

County Bonds

1,123,637 1,123,637

1,352,642 1,352,642

1,634,296 1,634,296

1,790,874 1,790,874

156,578 156,578

TOTAL PRINCIPAL PAYMENTS

INTEREST PAYMENTS: 6201

County Bonds

648,752 648,752

789,126 789,126

988,598 988,598

1,055,565 1,055,565

66,967 66,967

TOTAL INTEREST PAYMENTS

1,772,389

2,141,768

2,622,894

2,846,439

223,545

610