FY 25 Harford County Approved Operating Budget

Paygo

ORIGIN & PURPOSE: A pay-as-you-go (paygo) policy was implemented in July, 1984 and is included as part of the Debt Management policies within Harford County's fve year business plan.The fve year business plan confrms that paygo will continue to be used for minor renovation and repair projects which have an asset life of less than ten years for general county, education, fre, library, college, highways, and certain water and sewer projects. It can also be used to purchase furniture and equipment. Paygo funding requirements for FY 25 are allocated to the following budgets: General Fund, Highways Fund, Parks and Recreation Special Revenue, Watershed Management and Water and Sewer.

Paygo All Fund Summary

Paygo ALL FUNDS by Character

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Approved Budget

MISCELLANEOUS

$24,693,179

$43,991,000

$54,013,000

$37,644,000

TOTAL

$24,693,179

$43,991,000

$54,013,000

$37,644,000

678