FY 27 Proposed Operating Budget

DEBT SERVICE Watershed Management Fund: 661290 Principal, 662290 Interest

ORIGIN & PURPOSE: This account is a special fund for deposit of a certain portion of the recordation tax, $0.55 for each $500 of the sale price (or lien amount) for each property deed recorded. The proceeds of this fund are used for the County’s watershed protection and restoration program as mandated under State of Maryland law. The State requires a separate fund be established for this purpose.

Watershed Management Fund by Type

Debt Service Watershed Management by Type

FY 24 Audited FY 25 Audited FY 26 Approved Budget

FY 27 Proposed Budget

CONTRACTUAL SERVICES

$618

$406

$0

$0

Principal Payment County Bond

$1,138,590 $1,138,590

$1,309,513 $1,309,513

$1,426,815 $1,426,815

$1,694,346 $1,694,346

PRINCIPAL PAYMENT TOTAL

Interest Payments County Bond

$732,339 $732,339

$863,262 $863,262

$894,199 $894,199

$1,095,454 $1,095,454 $2,789,800

INTEREST PAYMENTS TOTAL

TOTAL

$1,871,548

$2,173,182

$2,321,014

642