FY 25 Harford County Government Proposed 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.

Debt Service Ag Pres County by Type

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Proposed Budget

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

$610,447 $610,447

$4,428,880 $4,428,880

$1,850,000 $1,850,000

$966,643 $966,643

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

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

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

$883,279 $883,279

TOTAL

$1,849,922

582