FY 25 Harford County Approved Operating Budget

DEBT SERVICE Ag Preservation County: 661270 Principal, 662270 Interest

ORIGIN & PURPOSE: This account represents annual payments on installment contracts to purchase agricultural easements for Ag land preservation purposes. These contracts are for ten to twenty year periods.

Ag Preservation by Type

Debt Service Ag Pres County by Type

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Approved Budget

Principal Payment (6113) Agricultural Preservation PRINCIPAL PAYMENT TOTAL Interest Payments (6213) Agricultural Preservation

$610,447

$4,428,880

$1,850,000

$966,643

$610,447

$4,428,880

$1,850,000

$966,643

$1,076,730

$1,119,400

$1,050,000

$883,279

INTEREST PAYMENTS TOTAL

$1,076,730 $1,687,177

$1,119,400 $5,548,280

$1,050,000 $2,900,000

$883,279

TOTAL

$1,849,922

661