FY 26 Approved 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 fi nancing ) to start the construction of capital projects based on cash fl ow needs .

Highways Fund by Type

Debt Service Highways Fund by Type

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Approved Budget

Principal Payment

Software

$0

$183,650

$0

$400,000

County Bond

$1,625,686

$1,790,874

$1,957,956

$2,104,573

$1,625,686

$1,974,523

$1,957,956

$2,504,573

PRINCIPAL PAYMENT TOTAL

Interest Payments

County Bond

$959,697

$983,027

$1,134,469

$1,241,794

Software Interest

$0

$0

$0

$40,000

$959,697

$983,027

$1,134,469

$1,281,794

INTEREST PAYMENTS TOTAL

$2,585,383

$2,957,551

$3,092,425

$3,786,367

TOTAL

656