FY 26 Proposed Operating Budget Book

DEBT SERVICE Water & Sewer Debt Service: 661530 Principal, 662530 Interest

ORIGIN & PURPOSE: The official 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 financing) to start the construction of capital projects based on cash flow 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 Proposed 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

PRINCIPAL PAYMENT TOTAL

$8,454,727

$8,629,676

$8,400,632

$8,826,777

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

INTEREST PAYMENTS TOTAL

$3,456,110

$3,064,334

$2,798,868

$2,851,105

TOTAL

$11,910,838

$11,694,010

$11,199,500

$11,677,882

577