FY 26 Approved Operating Budget

DEBT SERVICE

Water & Sewer Debt Service : 661530 Principal , 662530 Interest

ORIGIN & PURPOSE : The o ffi cial statement dated January 23 , 2024 consists of Harford County General Obligation Bonds in the amount of $ 75 , 545 , 000 . This includes $ 40 , 000 , 000 in Consolidated Public Improvement Bonds Series 2024A and $ 35 , 545 , 000 in Refunding Bonds Series 2024B . The County received the highest rating possible from all three investor services , making Harford County bond ratings : Fitch Ratings AAA , Standard and 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 .

Water & Sewer Debt Service by Type

Debt Service W&S Debt Service by Type

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Approved Budget

Principal Payment

Software

$0

$197,910

$0

$400,000

Water and Sewer Bond

$8,454,727

$8,431,766

$8,400,632

$8,426,777

$8,454,727

$8,629,676

$8,400,632

$8,826,777

PRINCIPAL PAYMENT TOTAL

Interest Payments

Water and Sewer Bond

$3,456,110

$3,064,334

$2,798,868

$2,811,105

Software Interest

$0

$0

$0

$40,000

$3,456,110

$3,064,334

$2,798,868

$2,851,105

INTEREST PAYMENTS TOTAL

$11,910,838

$11,694,010

$11,199,500

$11,677,882

TOTAL

661