FY 26 Approved Operating Budget

DEBT SERVICE

661110 Principal , 662110 Interest General Funds

ORIGIN & PURPOSE :ffi

The County received the highest rating possible from all three investor services , making Harford County bond ratings : Fitch Ratings AAA , Standard & Poor ' s AAA , and Moody ' s Investors Service Aaa . 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 fi nancing ) to start the construction of capital projects based on cash fl ow needs .

General Fund by Type

Debt Service General Fund by Type

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Approved Budget

DEBT SERVICE

Principal Payment

Software

$1,248,928

$2,185,267

$4,000,000

$3,540,000

County Bond

$11,456,005

$42,728,473

$12,861,259

$13,338,599

School Bond

$24,702,283

$25,237,051

$25,612,615

$25,957,784

College Bond

$2,023,314

$1,980,391

$1,789,095

$2,084,283

Solid Waste Services

$895,210

$872,093

$868,929

$839,169

Leases

$3,146,289

$3,189,056

$3,500,000

$3,500,000

$43,472,029

$76,192,331

$48,631,898

$49,259,835

PRINCIPAL PAYMENT TOTAL

Interest Payments

County Bond

$5,418,414

$5,535,972

$5,991,491

$6,467,552

School Bond

$10,642,363

$10,202,173

$10,182,355

$9,977,584

College Bond

$727,687

$662,558

$596,914

$950,085

Software Interest

$19,360

$30,394

$300,000

$300,000

Solid Waste Services

$289,996

$250,496

$298,227

$172,348

Leases

$153,924

$161,152

$250,000

$250,000

$17,251,745

$16,842,744

$17,618,987

$18,117,569

INTEREST PAYMENTS TOTAL

$60,723,773

$93,035,076

$66,250,885

$67,377,404

DEBT SERVICE TOTAL

$60,723,773

$93,035,076

$66,250,885

$67,377,404

TOTAL

FY 26 Proposed Capital Projects

654