FY 23 Approved Budget Book

DEPARTMENT: DEBT SERVICE DIVISION: Debt Service - 661110 Principal, 662110 Interest - General Funds Harford County went to the bond market in February for $75,000,000 in Consolidated Public Improvement Bonds. The County received the highest rating possible from all three investor services, making Harford County bond ratings: Fitch Ratings AAA, Standard and Poor's AAA, and Moody's Investors Service Aaa, as published in the County's Official Statement on February 2, 2022 . 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. The following capital projects are included in the FY 23 Approved Capital Budget:

Board of Education

General Projects

Bakerfield Elementary School Educational Facility Program

625,000 Facilities Repair Program

5,000,000

3,385,000 Site Acquisition

500,000

Harford Tech HS Limited Renovations

10,000,000 HMAN (Harford Metro Area Network)

1,000,000 20,500,000 27,000,000

Homestead/Wakefield ES

22,175,000 HCSO Central Precinct

3,465,000 Total General

Life, Health, Safety & Compliance Meadowvale Elementary School Roof Replacement - Bakerfield ES Swan Creek HVAC Upgrades

430,000

930,000 Public Safety

1,665,000 HCDC Facility Repairs/Upgrades

2,040,000 1,100,000 3,200,000 6,340,000

42,675,000 4 2

Total Board of Education

Mobile/Portable Radio Upgrade Riverside Fire and EMS Station

Libraries

Parks & Recreation

Bel Air LIbrary Renovations

800,000 Athletic Field Improvements

2,500,000 4,000,000

800,000 Jarrettsville Recreation Complex/Center

Joppatowne Youth/Senior Center P&R Facility Development/Renovation

500,000

1,250,000 1,000,000 9,250,000

Trails & Linear Parks

Harford Community College Chesapeake Welcome Center

Total Parks & Recreation

14,230,000

TOTAL GENERAL FUND PROJECTS

100,295,000

761