FY 25 Harford County Approved Operating Budget

DEBT SERVICE ALL FUND SUMMARY

ORIGIN & PURPOSE: Debt management is an important component of the County's fnancial management practices. The County will issue General Obligation bonds to fnance 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 fnancing, and lease fnance. In addition, all costs associated with bond sales, issues, and controls are also appropriated here.

DEPARTMENT SUMMARY BY CHARACTER

Debt Service ALL FUNDS by Character

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Approved Budget

CONTRACTUAL SERVICES

$45,654

$12,028

$112,000

$112,000

DEBT SERVICE

$96,858,162

$83,595,430

$85,878,616

$86,671,762

MISCELLANEOUS

$0

$0

$596,362

$2,282,000

TOTAL

$96,903,816

$83,607,458

$86,586,978

$89,065,762

668