FY 27 Proposed Operating Budget

Paygo

ORIGIN & PURPOSE: A pay-as-you-go (paygo) policy was implemented in July, 1984 and is included as part of the Debt Management policies within Harford County's five year business plan.The five year business plan confirms that paygo will continue to be used for minor renovation and repair projects which have an asset life of less than ten years for general county, education, fire, library, college, highways, and certain water and sewer projects. It can also be used to purchase furniture and equipment. Paygo funding requirements for FY 27 are allocated to the following budgets: General Fund, Highways Fund, Parks and Recreation Special Revenue, Watershed Management and Water and Sewer.

Paygo All Fund Summary

Paygo ALL FUNDS by Character

FY 24 Audited FY 25 Audited FY 26 Approved Budget

FY 27 Proposed Budget

CONTRACTUAL SERVICES

$0

$0

$0

$60,000

MISCELLANEOUS

$39,013,000 $39,013,000

$37,644,000 $37,644,000

$47,714,015 $47,714,015

$93,891,000 $93,951,000

TOTAL

664