FY 26 Approved 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 .

Ag Preservation by Type

Debt Service Ag Pres County by Type

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Approved Budget

Principal Payment

Agricultural Preservation

$4,428,880

$1,810,664

$966,643

$1,290,000

$4,428,880

$1,810,664

$966,643

$1,290,000

PRINCIPAL PAYMENT TOTAL

Interest Payments

Agricultural Preservation

$1,119,400

$963,783

$883,279

$860,000

$1,119,400

$963,783

$883,279

$860,000

INTEREST PAYMENTS TOTAL

$5,548,280

$2,774,447

$1,849,922

$2,150,000

TOTAL

658