Page 85 - City of Bedford FY21 Budget
P. 85
CITY OF BEDFORD
SUMMARY OF REVENUE BY SOURCE
FISCAL YEAR 2020-2021
BASE TOTAL
ACTUAL BUDGET PROJECTED BUDGET SUPPL BUDGET
18-19 19-20 19-20 20-21 20-21 20-21
GENERAL FUND
PROPERTY TAX $ 14,367,521 $ 17,094,240 $ 16,805,220 $ 17,998,533 $ - $ 17,998,533
SALES TAX 8,573,872 8,505,000 7,698,233 8,505,000 - 8,505,000
FRANCHISE TAX 3,095,987 2,843,000 2,808,521 2,863,000 - 2,863,000
OTHER TAXES 231,100 235,000 213,317 235,000 - 235,000
CHARGES FOR SERVICE 3,065,469 2,878,950 2,393,007 2,446,350 - 2,446,350
LICENSES AND PERMITS 993,418 843,750 1,069,211 849,750 - 849,750
INTEREST INCOME 226,039 175,000 131,934 150,000 - 150,000
FINES 1,306,122 1,542,500 909,915 1,392,500 - 1,392,500
OTHER GOVERNMENTAL 333,309 349,577 341,925 349,577 - 349,577
MISCELLANEOUS REVENUE 120,289 87,400 98,652 112,400 - 112,400
OPERATING TRANSFER 2,974,878 3,153,177 3,153,177 3,233,133 - 3,233,133
TOTAL GENERAL FUND $ 35,288,002 $ 37,707,594 $ 35,623,112 $ 38,135,243 $ - $ 38,135,243
TOURISM FUND
HOTEL OCCUPANCY TAX $ 1,022,188 $ 900,000 $ 925,027 $ 1,000,000 $ - $ 1,000,000
INTEREST 7,268 8,000 3,141 3,000 - 3,000
OLD BEDFORD SCHOOL - 107,150 - - - -
MISCELLANEOUS 3,554 5,000 1,275 5,000 - 5,000
BLUES FESTIVAL 263,607 257,750 2,550 283,750 - 283,750
FOURTH FESTIVAL 30,460 32,500 336 - - -
TOTAL TOURISM FUND $ 1,327,078 $ 1,310,400 $ 932,329 $ 1,291,750 $ - $ 1,291,750
WATER AND SEWER FUND
WATER CHARGES $ 13,239,907 $ 13,780,000 $ 14,043,888 $ 14,864,242 $ - $ 14,864,242
SEWER CHARGES 8,599,831 9,060,000 8,572,951 9,516,245 - 9,516,245
INTEREST 19,215 10,000 5,587 8,000 - 8,000
OTHER INCOME 625,846 576,823 1,937,733 590,823 - 590,823
TOTAL WATER AND SEWER $ 22,484,800 $ 23,426,823 $ 24,560,159 $ 24,979,310 $ - $ 24,979,310
STORMWATER FUND
STORM WATER CHARGES $ 1,603,428 $ 1,725,000 $ 1,608,384 $ 1,605,000 $ - $ 1,605,000
INTEREST 30,429 20,000 16,798 16,000 - 16,000
INSPECTIONS - - 196 - - -
MISCELLANEOUS 30,000 30,000 30,000 30,000 - 30,000
TOTAL STORMWATER $ 1,663,858 $ 1,775,000 $ 1,655,378 $ 1,651,000 $ - $ 1,651,000
UTILITY REPAIR & MAINTENANCE FUND
INTEREST $ 92,669 $ 30,000 $ 76,175 $ 70,000 $ - $ 70,000
TRANSFER 892,000 1,000,000 1,000,000 1,000,000 - 1,000,000
MISCELLANEOUS - - - - - -
TOTAL UTILITY R & M FUND $ 984,669 $ 1,030,000 $ 1,076,175 $ 1,070,000 $ - $ 1,070,000
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