Page 22 - City of Bedford FY21 Budget

o Aquatics Maintenance Fund – This fund is used to account for deposits and
expenditures related to the maintenance of both Splash Aquatics Park and Roy
Savage Pool at Central Park.
o Facility Maintenance Fund – This fund is used to account for deposits and
expenditures related to the maintenance and minor equipment of all City facilities.
o Equipment Replacement Fund – This fund is used to account for deposits and
expenditures related to the replacement of capital equipment, including trucks, cars,
ambulances, construction equipment, etc. This fund also receives a transfer from
the General Fund to cover the expense of the leases for the Enterprise Vehicle
Replacement program.
o Water & Sewer Vehicle Replacement Fund – This fund is used to account for
deposits and expenditures related to the replacement of capital equipment,
including trucks, construction equipment, etc. for the Water & Sewer Fund.
o Computer Replacement Fund – This fund is used to account for deposits and
expenditures related to the replacement of computers, printers, software,
communications equipment, and any other items necessary to efficiently operate
the City’s communications and technology network.
o Library Maintenance Fund – This fund is used to account for deposits and
expenditures related to the long-term maintenance of the Bedford Public Library.
o Park Maintenance Fund – This fund is used to account for deposits and
expenditures related to the long-term maintenance of the City park system.

 Capital Improvement Program Highlights

A complete listing of the Five-Year Capital Improvement Program can be found in the
Capital Improvement Program section of this document. Separate lists include equipment
replacement and major maintenance needs over the next five years. Projects, replacements,
or maintenance needs requested for funding in FY 2020-2021 include descriptions of the
project, along with estimated amounts and funding sources, if known.

 Conclusion

The budget for FY 2020-2021 is a balanced plan that continues to provide public services
to the residents of the City of Bedford at the same level as prior years. City staff members
recognize the challenges faced by the City Council in directing the growth of the City. Staff
hopes to meet those challenges by developing efficient programs and providing
professional customer service through the guidance of the City Council and approval of
the programs reflected within this budget.

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