Page 100 - City of Bedford FY21 Budget

CITY OF BEDFORD
SUMMARY OF REVENUE AND EXPENDITURES
GENERAL FUND
FISCAL YEAR 2020-2021

BASE SUPP. TOTAL
ACTUAL PROJECTED BUDGET FUNDING BUDGET
18-19 19-20 20-21 20-21 20-21

BEGINNING BALANCE $ 6,985,191 $ 8,257,065 $ 9,530,674 $ 9,530,674

REVENUE

PROPERTY TAX $ 14,367,521 $ 16,805,220 $ 17,998,533 $ - $ 17,998,533

SALES TAX 8,573,872 7,698,233 8,505,000 - 8,505,000
FRANCHISE TAX 3,095,987 2,808,521 2,863,000 - 2,863,000
OTHER TAXES 231,100 213,317 235,000 - 235,000

CHARGES FOR SERVICES 3,065,469 2,393,007 2,446,350 - 2,446,350
LICENSES AND PERMITS 993,418 1,069,211 849,750 - 849,750
INTEREST 226,039 131,934 150,000 - 150,000
FINES 1,306,122 909,915 1,392,500 - 1,392,500
OTHER GOVERNMENTS 333,309 341,925 349,577 - 349,577

MISCELLANEOUS REVENUE 120,289 98,652 112,400 - 112,400
OPERATING TRANSFER 2,974,878 3,153,177 3,233,133 - 3,233,133
$ 35,288,002 $ 35,623,112 $ 38,135,243 $ - $ 38,135,243
TOTAL REVENUE

EXPENDITURES

GENERAL GOVERNMENT $ 1,177,154 $ 1,433,359 $ 1,529,861 $ 52,328 $ 1,582,189
SUPPORT SERVICES 2,046,202 2,408,650 2,372,009 299,546 $ 2,671,555
DEVELOPMENT 1,085,481 1,509,710 1,658,915 80,707 $ 1,739,622
ADMINISTRATIVE SERVICES 2,816,559 2,711,468 2,754,426 246,048 $ 3,000,474
POLICE 12,657,242 12,731,670 12,926,751 862,641 $ 13,789,392
FIRE 8,142,362 8,217,484 8,105,563 534,856 $ 8,640,419
PUBLIC WORKS 1,811,086 1,768,660 2,021,826 43,945 $ 2,065,771
COMMUNITY SERVICES 4,280,043 3,568,502 4,498,369 109,398 $ 4,607,767

TOTAL EXPENDITURES $ 34,016,129 $ 34,349,503 $ 35,867,720 $ 2,229,469 $ 38,097,189

ENDING BALANCE $ 8,257,065 $ 9,530,674 $ 9,568,729

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