FY 27 Proposed Operating Budget

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 24 Audited FY 25 Audited FY 26 Approved Budget

FY 27 Proposed Budget

Principal Payment Software

$183,650

$267,154

$400,000

$500,000

County Bond

$1,790,874 $1,974,523

$1,898,428 $2,165,582

$2,104,573 $2,504,573

$2,363,263 $2,863,263

PRINCIPAL PAYMENT TOTAL

Interest Payments County Bond Software Interest

$983,027

$1,148,399

$1,241,794

$1,378,220

$0

$11,739

$40,000

$40,000

INTEREST PAYMENTS TOTAL

$983,027

$1,160,138 $3,325,719

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

$1,418,220 $4,281,483

TOTAL

$2,957,551

639