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County finance office outlines bond and debt‑service projections for 2026
Summary
Assistant County Administrator/Finance Director Shannon Kingsley presented the Bond & Interest fund projection showing outstanding general obligation and revenue bond balances and a projected ending fund balance for 2026.
Shannon Kingsley, Assistant County Administrator and Finance Director, presented the Bond & Interest fund overview and detailed Harvey County’s outstanding debt as of Jan. 1, 2025.
Kingsley reported the county’s outstanding general obligation bonds totaled $1,500,000 and total county debt obligations were $4,592,679. The packet listed per‑capita debt measures, statutory debt limit and the specific bond issues and balances. Projected revenues and expenditures for 2026 produce a projected ending fund balance of $98,124 under the packet’s assumptions.
The commissioners were informed of the scheduled principal and interest obligations and the packet noted an anticipated reduction in a transfer from the 911 Fund in 2026 (the transfer shows as $0 in the packet). No formal action was taken at the hearing.
