Harford County, Maryland FY 24 Proposed Operating Budget

HIGHWAYS FUND

ORIGIN/PURPOSE: The Harford County Charter, Article V Budget and Finance, Section 502. (b) defines the term "County funds" to mean "any money appropriated or approved by the County Council or to which the County may at any time have legal or equitable title." The Highways Fund is a separate budgetary/accounting entity as required by County Code, Chapter 123 Finance and Taxation Section 16 B, to account for dedicated revenues that are legally restricted to expenses relating to the maintenance, care and repair of roads and bridges located outside the boundaries of the three incorporated municipalities in Harford County; traffic patrol and highway safety; and County related transportation expenses. The Highways Fund's principal sources of revenue are a County Property Tax differential, State Shared Highways Users Tax revenues, charges for services and Intra-County revenues.

FUND SUMMARY:

ORIGINAL BUDGET FY 23

EXECUTIVE PROPOSED FY 24

AUDITED FY 21

AUDITED FY 22

CHANGE FY 24 VS FY 23

SUMMARY BY CHARACTER:

10 PERSONAL SERVICES 20 CONTRACTUAL SERVICES 30 SUPPLIES & MATERIALS

16,744,344 5,837,311 5,269,932 5,577,346

17,477,055 6,190,028 5,501,625 6,239,641

21,991,333 7,331,058 8,259,994 7,712,452

20,846,400 8,882,239 10,085,257 7,878,652

(1,144,933) 1,551,181 1,825,263

40 BUSINESS & TRAVEL 50 CAPITAL OUTLAY 60 DEBT SERVICE 70 MISCELLANEOUS

166,200

45,890

109,742

11,300

9,000

(2,300)

1,794,091 16,100,275

2,165,561 13,506,649

2,650,894 14,438,569

2,874,439 17,791,563

223,545

3,352,994

80 INTER-GOVERNMENTAL/INTER-FUND

47

109

4,400

2,450

(1,950)

GRAND TOTAL

51,369,236

51,190,410

62,400,000

68,370,000

5,970,000

SUMMARY BY DEPARTMENT: 3 PROCUREMENT

6,754,977

7,943,546

10,774,282

12,467,627

1,693,345

8 HUMAN RESOURCES

579,457

397,503

511,246

596,175

84,929 233,836 223,545 128,935 271,410

30 PUBLIC WORKS 66 DEBT SERVICE

28,016,284 1,794,091

29,471,238 2,165,561

37,173,397 2,652,894

37,407,233 2,876,439

67 INSURANCE 68 BENEFITS

196,452

302,525 888,858

399,047 88,134

527,982 359,544

1,052,007 12,975,968

70 MISCELLANEOUS

10,021,179

10,601,000

13,935,000

3,334,000

90 RESERVE FOR CONTINGENCIES

0

0

200,000

200,000

0

GRAND TOTAL

51,369,236

51,190,410

62,400,000

68,370,000

5,970,000

SUMMARY BY REVENUE SOURCE: PROPERTY TAXES

41,088,840 2,727,693

38,466,817 3,751,938 1,392,792

39,984,800 3,000,000

40,807,750 4,000,000 1,556,100 11,956,345 10,049,805 68,370,000

822,950

INTERGOVERNMENTAL/STATE SHARED

1,000,000

SERVICE CHARGES

792,602

830,300

725,800

FUND BALANCE APPROPRIATION MISCELLANEOUS REVENUES

0

0

9,846,097 8,738,803 62,400,000

2,110,248 1,311,002 5,970,000

7,821,122

8,963,475

GRAND TOTAL

52,430,257

52,575,022

73