Harford County, MD FY 24 Proposed Capital Budget & Capital Improvement Program

Lease/SBITA Assets 21

WATER & SEWER MISCELLANEOUS Project Number: O215402 Council District: Multiple Location: Various Est. Debt Service: $0

Operating Budget Impact

Revenues:

Expenditures: Cost Savings: None:

(annual)

X

Expended/Encumbered as of 1/9/23: $0

Project Schedule/Status: This project will be closed and removed from the Capital Improvement Program following completion of the audit in July, 2023.

PROJECT DESCRIPTION: Under the new Governmental Accounting Standard Board (GASB) 87: Leases and 96: Subscription Based Information Technology Arrangements (SBITAs), these funds will be used to purchase lease and SBITA assets through lease financing agreements.

EXPENDITURE SCHEDULE

Cost Element

Prior

FY 2024 Approp Total

FY 2025 FY 2026 FY 2027 FY 2028 FY 2029

TOTAL

Engineering/Design Land Acquisition

0 0 0 0

0 0 0 0

Construction

Inspection Fees

Equipment/Furnishing

2,000,000 2,000,000

2,000,000

2,000,000 2,000,000

Total Cost:

0 2,000,000

0

0

0

0

0

FUNDING SCHEDULE

R7150 Lease Finance R7151 SBITA Finance

1,000,000 1,000,000

1,000,000 1,000,000

1,000,000 1,000,000

0 0 0

0 0 0

Total Cost:

2,000,000

0 2,000,000

0

0

0

0

0

2,000,000

441