FY 25 Harford County Government Proposed Operating Budget

The funding included in the annual budget appropriation represents anticipated expenses for new easement purchases, required annual payments of IPAs, scheduled balloon payments on IPAs, and other associated expenses and obligations. The county's dedicated Agricultural Preservation fund maintains funding levels sufcient to meet the full obligations under the program at the time of settlement through to the completion of agreed payments. Due to the timing of Council approvals of easements, the completion of required surveys and documents, and fnal settlement dates, the preservation process for one property may span more than one fscal year. Transfer Tax revenue not expended during the fscal year in which it was budgeted reverts to the dedicated Agricultural Preservation fund and is made available for expenditure on eligible land preservation in future fscal years in the form of appropriated fund balance.

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