FY 25 Harford County Proposed Capital Budget & Capital Improvement Program
Lease/SBITA Assets
WATER & SEWER MISCELLANEOUS Project Number: O245401 Council District: Multiple Location: Various Est. Debt Service: $0
Operating Budget Impact
Revenues:
Expenditures: Cost Savings: None:
(annual)
X
Expended/Encumbered as of 2/22/24: $0
Project Schedule/Status: Multiple W&S leases and SBITAs ending at different time periods.
PROJECT DESCRIPTION: Under the new Governmental Accounting Standard Board (GASB) 87: Leases and 96: Subscription Based Information Technology Arrangements (SBITAs), these funds will be used to purchase lease and SBITA assets through lease financing agreements.
EXPENDITURE SCHEDULE
Cost Element
Prior
FY 2025 Approp Total
FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
TOTAL
Engineering/Design Land Acquisition
0 0 0 0
0 0 0 0
Construction
Inspection Fees
Equipment/Furnishing
2,000,000 2,000,000
2,000,000
2,000,000 2,000,000
Total Cost:
0 2,000,000
0
0
0
0
0
FUNDING SCHEDULE
R7150 Lease Finance R7151 SBITA Finance
1,000,000 1,000,000
1,000,000 1,000,000
1,000,000 1,000,000
0 0 0
0 0 0
Total Cost:
2,000,000
0 2,000,000
0
0
0
0
0
2,000,000
425
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