Page 76 - City of Bedford FY21 Budget

CITY OF BEDFORD
SUMMARY OF REVENUE AND EXPENDITURES BY FUND
FISCAL YEAR 2020-2021
BEGINNING REVENUE EXPENDITURES ENDING CHANGE IN
FUND NAME BALANCE BALANCE FUND BALANCE

GENERAL FUND $ 9,530,674 $ 38,135,243 $ 38,097,189 $ 9,568,728 0.40%

TOURISM FUND 303,123 1,291,750 1,248,570 346,303 14.25% 1
WATER AND SEWER FUND 2,937,147 * 24,979,310 24,827,068 3,089,389 205.18% 2
STORMWATER UTILITY FUND 862,714 * 1,651,000 1,793,638 720,076 -16.53% 3

UTILITY REPAIR & MAINTENANCE FUND 4,001,066 * 1,070,000 600,000 4,471,066 11.75% 4

COURT SECURITY FUND 91 25,000 25,000 91 0.00%
TRUANCY PREVENTION & DIVERSION FUND - 20,000 20,000 - 0.00%
MUNICIPAL JURY FUND - 200 200 - 0.00%

COURT TECHNOLOGY FUND 52,129 45,450 45,710 51,869 -0.50%
PARK DONATIONS FUND 67,996 12,750 50,000 30,746 -54.78% 5

BEAUTIFICATION COMMISSION FUND 56,525 10,500 25,000 42,025 -25.65% 5
PUBLIC SAFETY TRAINING FUND 10,918 7,200 3,000 15,118 38.47% 5

ECONOMIC DEVELOPMENT FUND 492,179 53,000 140,000 405,179 -17.68% 5
STREET IMPROVEMENT ECONOMIC DEVELOPMENT CORP. 1,886,886 2,945,000 3,071,080 1,760,806 -6.68%

DEBT SERVICE FUND 890,656 7,339,220 7,334,470 895,406 0.53%
PEG FUND 1,029,610 207,000 38,400 1,198,210 16.38% 5

COMMERCIAL VEHICLE ENFORCEMENT FUND 15,881 123,100 128,585 10,396 -34.54% 5
SWAT - NETCAST FUND 33,547 60,250 60,000 33,797 0.75%

PARK MAINTENANCE FUND 224,762 51,500 50,000 226,262 0.67%

COMPUTER REPLACEMENT FUND 194,156 61,000 20,000 235,156 21.12% 6
AQUATICS MAINTENANCE FUND 151,173 26,200 10,000 167,373 10.72% 6

LIBRARY MAINTENANCE FUND 63,670 25,500 45,000 44,170 -30.63% 6
FACILITY MAINTENANCE FUND 239,704 47,500 130,000 157,204 -34.42% 6

EQUIPMENT REPLACEMENT FUND 256,235 1,037,550 1,116,930 176,855 -30.98% 6

WATER/SEWER VEHICLE REPLACEMENT FUND 82,619 * 51,200 117,500 16,319 -80.25% 6
$ 23,383,459 $ 79,276,423 $ 78,997,340 $ 23,662,542
* The beginning balance for these funds are based on Working Capital.
Notes for Fund Balance changes greater than 10%:
1: The City is rebuilding the balance of the fund in accordance with fund balance policies.
2: The City is rebuilding the balance of the fund in accordance with fund balance policies.
3: The City has conducted a rate study and will begin implementing recommendations in the next budget year.
4: This is a maintenance account for the water and wastewater infrastructure. Expenditures are planned for capital needs.
5: Expenses in this fund are limited to a designated purpose only, funds are used as permitted and vary on an annual basis.
6: This is a maintenance fund used to accumulate funding for a pay-as-you go plan in capital replacement. Expenditures are for planned capital needs.

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