FY 23 Approved Budget Book
HIGHWAYS FUND
FINANCIAL NOTES:
FY 22
FY 23
CHANGE
EXPLANATION OF INCREASE/DECREASE - REVENUES
1,049,600
830,300
(219,300)
CHARGES FOR GOVERNMENT SERVICES Governmental services charges such as inspections, plans review and fuel for county agencies. Based on actual revenues, we have reduced the amount anticipated from Harford County Public Schools for Fuel.
50,600
20,600
(30,000)
INVESTMENT INCOME Revenues from investments are reflective of the size of the County's portfolio and the rate of return.
7,260,400 8,193,125
932,725
OTHER REVENUE The elements mainly responsible for the net increase in "Other" revenues are:
FY 22
FY 23
Change
Vehicle Maintenance contract reimbursement
3,662,900
3,930,000 1,100,000
267,100
840,000 246,000
260,000 Recovery from capital projects
405,000
159,000 Sale of Vehicles
7,531,400 10,370,675
2,839,275
FUND BALANCE APPROPRIATION Excess unappropriated fund balance at the end of a fiscal year, above the 5% reserve designated for credit rating purposes, maintained by County policy, is appropriated into the next fiscal year's budget, and treated as one-time funding for that fiscal year. Fund Balance of $9,846,097 is appropriated for the FY 23 Budget with an additional appropriation of $524,578 dedicated for the 27th pay.
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