FY 25 Harford County Government Proposed Operating Budget

DEBT SERVICE Highways Fund: 661250 Principal, 662250 Interest

ORIGIN / PURPOSE: It is Harford County's practice to conduct an annual bond sale contingent on capital project needs and the economic conditions of the bond market. Prior to selling bonds, the County will issue Bond Anticipation Notes (short term financing) to start the construction of capital projects based on cash flow needs.

Debt Service Highways Fund by Type

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Proposed Budget

Principal Payment (6101) County Bond

$1,352,642 $1,352,642

$1,625,686 $1,625,686

$1,790,874 $1,790,874

$1,957,956 $1,957,956

PRINCIPAL PAYMENT TOTAL

Interest Payments (6201) County Bond

$789,126 $789,126

$959,697 $959,697

$1,055,565 $1,055,565 $2,846,439

$1,134,469 $1,134,469 $3,092,425

INTEREST PAYMENTS TOTAL

TOTAL

$2,141,768

$2,585,383

The following is a list of capital projects included in the FY 25 capital budget: Bridge Projects: Abingdon Road Bridge #169: $2,300,000 Boggs Road Bridge #66: $1,300,000

Bridge & Culvert Rehabilitation: $1,750,000 Fawn Grove Road Bridge #132: $500,000 Glenville Road Bridge #30: $80,000 Grier Nursery Road Bridge #43: $40,000 Hookers Mill Road Bridge #13: $100,000 Moores Road Bridge #78: $80,000 St. Clair Bridge Road Bridge #100: $80,000

580