FY 25 Harford County Proposed Capital Budget & Capital Improvement Program

Lease/SBITA Assets

GENERAL Project Number: Council District:

Operating Budget Impact

A214102 Multiple Various

Revenues:

Location:

Expenditures: Cost Savings: None:

Est. Debt Service:

N/A

(annual)

X

Expended/Encumbered as of 2/22/24: $9,584,785

Project Schedule/Status: Multiple general fund leases ending at different time periods.

PROJECT DESCRIPTION: Under the new Governmental Accounting Standard Board (GASB) 87: Leases, these funds will be used to purchase lease 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

11,500,000 12,000,000 23,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 36,000,000 11,500,000 12,000,000 23,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 36,000,000

Total Cost:

FUNDING SCHEDULE

R7150 Lease Finance R7151 SBITA Finance

8,500,000 4,000,000 12,500,000 750,000 750,000 750,000 750,000 750,000 16,250,000 3,000,000 8,000,000 11,000,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 19,750,000 0 0 0 0 0 0 11,500,000 12,000,000 23,500,000 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 36,000,000

Total Cost:

72