Page 85 - City of Bedford FY20 Approved Budget

CITY OF BEDFORD
SUMMARY OF REVENUE BY SOURCE

FISCAL YEAR 2019-2020

BASE TOTAL
ACTUAL BUDGET PROJECTED BUDGET SUPPL BUDGET
17-18 18-19 18-19 19-20 19-20 19-20
GENERAL FUND
PROPERTY TAX $ 13,117,540 $ 14,589,640 $ 14,606,042 $ 16,267,840 $ 826,400 $ 17,094,240
SALES TAX 8,162,981 7,905,000 8,505,000 8,505,000 - 8,505,000
FRANCHISE TAX 3,315,192 3,173,000 3,173,457 2,843,000 - 2,843,000
OTHER TAXES 237,958 230,000 243,124 235,000 - 235,000
CHARGES FOR SERVICE 3,314,390 3,048,950 2,826,834 2,878,950 - 2,878,950
LICENSES AND PERMITS 1,004,797 818,750 1,003,656 843,750 - 843,750
INTEREST INCOME 125,955 110,000 205,764 175,000 - 175,000
FINES 1,610,508 1,725,500 1,324,959 1,542,500 - 1,542,500
OTHER GOVERNMENTAL 242,256 372,567 338,057 349,577 - 349,577
MISCELLANEOUS REVENUE 662,644 87,400 121,559 87,400 - 87,400
OPERATING TRANSFER 2,960,634 2,981,218 2,974,211 3,153,177 - 3,153,177

TOTAL GENERAL FUND $ 34,754,855 $ 35,042,025 $ 35,322,663 $ 36,881,194 $ 826,400 $ 37,707,594

TOURISM FUND

HOTEL OCCUPANCY TAX $ 954,751 $ 1,075,000 $ 900,000 $ 900,000 $ - $ 900,000
INTEREST 11,003 8,000 10,075 8,000 - 8,000
OLD BEDFORD SCHOOL - 107,150 - 107,150 - 107,150
MISCELLANEOUS 13,219 5,000 8,202 5,000 - 5,000
BLUES FESTIVAL 307,065 245,650 245,650 257,750 - 257,750
FOURTH FESTIVAL 30,630 35,800 35,800 32,500 - 32,500
TOTAL TOURISM FUND $ 1,316,668 $ 1,476,600 $ 1,199,727 $ 1,310,400 $ - $ 1,310,400

WATER AND SEWER FUND
WATER CHARGES $ 13,927,395 $ 14,380,000 $ 13,547,779 $ 13,780,000 $ - $ 13,780,000
SEWER CHARGES 8,107,866 8,070,000 9,072,720 9,060,000 - 9,060,000
INTEREST 13,376 3,000 15,947 10,000 - 10,000
OTHER INCOME 3,440,845 571,823 623,379 576,823 - 576,823
TOTAL WATER AND SEWER $ 25,489,482 $ 23,024,823 $ 23,259,825 $ 23,426,823 $ - $ 23,426,823

STORMWATER FUND
STORM WATER CHARGES $ 1,665,337 $ 1,725,000 $ 1,668,203 $ 1,725,000 $ - $ 1,725,000
INTEREST 16,936 10,000 28,478 20,000 - 20,000
INSPECTIONS - - - - - -
MISCELLANEOUS 30,000 30,000 30,000 30,000 - 30,000
TOTAL STORMWATER $ 1,712,273 $ 1,765,000 $ 1,726,681 $ 1,775,000 $ - $ 1,775,000

UTILITY REPAIR & MAINTENANCE FUND
INTEREST $ 57,082 $ 20,000 $ 89,163 $ 30,000 $ - $ 30,000
TRANSFER 620,000 750,000 750,000 1,000,000 - 1,000,000
MISCELLANEOUS - - - - - -
TOTAL UTILITY R & M FUND $ 677,082 $ 770,000 $ 839,163 $ 1,030,000 $ - $ 1,030,000

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