FY 27 Proposed Operating Budget

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

GENERAL FUND

TOTAL FUND BALANCE AT JUNE 30, 2025

176,949,995

2026 Revenue - Estimated 2026 Expenditures - Estimated

817,565,000 (779,819,387)

TOTAL ESTIMATED FUND BALANCE AT JUNE 30, 2026

214,695,608

FUND BALANCE AVAILABLE FOR APPROPRIATION AT JUNE 30, 2025 TOTAL ESTIMATED FUND BALANCE AT JUNE 30, 2026

214,695,608

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

(610,608)

(12,800,000)

LESS: Assigned Fund Balance Fiscal Stablization Fund (1)

(44,830,900) (3,000,000) (19,500,000) (13,400,000) (24,100,000)

Encumbrances Revenue Volatility Landfill Closure Costs Stormwater Management

ESTIMATED UNASSIGNED FUND BALANCE AT JUNE 30, 2026

96,454,100

Fiscal Year 2027 Estimated Revenues Less Fiscal Year 2027 Estimated Expenditures

829,293,000 (896,618,000)

ESTIMATED UNASSIGNED FUND BALANCE FOR FY 2027 & FUTURE YEARS

29,129,100

Reserve for Fiscal Stablization Fund (1)

44,830,900

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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