FY 26 Proposed Operating Budget Book

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 financing) to start the construction of capital projects based on cash flow needs.

Highways Fund by Type

Debt Service Highways Fund by Type

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Proposed Budget

Principal Payment Software

$0

$183,650

$0

$400,000

County Bond

$1,625,686

$1,790,874

$1,957,956

$2,104,573

PRINCIPAL PAYMENT TOTAL

$1,625,686

$1,974,523

$1,957,956

$2,504,573

Interest Payments County Bond

$959,697

$983,027

$1,134,469

$1,241,794

Software Interest

$0

$0

$0

$40,000

INTEREST PAYMENTS TOTAL

$959,697

$983,027

$1,134,469 $3,092,425

$1,281,794 $3,786,367

TOTAL

$2,585,383

$2,957,551

572