FY 26 Proposed Operating Budget Book

HARFORD COUNTY, MARYLAND STATEMENTS OF ESTIMATED UNASSIGNED FUND BALANCE GENERAL FUND

GENERAL FUND

TOTAL FUND BALANCE AT JUNE 30, 2024

155,201,546

2025 Revenue - Estimated 2025 Expenditures - Estimated

746,815,000 (743,000,000)

TOTAL ESTIMATED FUND BALANCE AT JUNE 30, 2025

159,016,546

FUND BALANCE AVAILABLE FOR APPROPRIATION AT JUNE 30, 2025 TOTAL ESTIMATED FUND BALANCE AT JUNE 30, 2025

159,016,546

LESS: Nonspendable Fund Balance Long Term Rec LESS: Restricted Fund Balance Bond Proceeds

(666,309)

(14,550,000)

LESS: Assigned Fund Balance Fiscal Stablization Fund (1)

(40,906,797) (3,000,000) (12,600,000) (29,000,000)

Encumbrances

Landfill Closure Costs Stormwater Management

ESTIMATED UNASSIGNED FUND BALANCE AT JUNE 30, 2025

58,293,440

Fiscal Year 2026 Estimated Revenues Less Fiscal Year 2026 Estimated Expenditures

766,000,000 (817,605,000)

ESTIMATED UNASSIGNED FUND BALANCE FOR FY 2027 & FUTURE YEARS

6,688,440

Reserve for Fiscal Stablization Fund (1)

40,880,250

Estimated Reserve for Fiscal Stablization Fund as a Percentage of Total Estimated Expenditures

5%

(1) The 5% Reserve for Fiscal Stablization Fund in the General Fund is necessary to maintain the high credit rating obtained from the Credit Rating agencies. The high bond rating allows the County to sell long-term debt at a lower interest cost thereby saving interest expenses each year. This policy was established in the County's Five Year Business Plan.

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