Page 15 - City of Bedford FY22 Budget
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Fund Structure
The { nancial st ru ct u re is de { ne d by t he C it y ’s fu nd t y pe s. Fu nds are e st ablishe d for spe ci{ c re v e nu e s and
e x pe ndit u re s re lat e d t o ce rt ain act iv it ie s of t he C it y. The y are fu rt he r organize d int o v ariou s grou ps t o ide nt ify
t he ir pu rpose .
Gov ernm ental Funds - u se d t o accou nt for all gov e rnme nt al-t y pe act iv it ie s. The se act iv it ie s consist of all
{ nancial re sou rce s t hat cannot be cat e gorize d in ot he r fu nds.
P roprietary Funds - accou nt for bu sine ss act iv it ie s whe re t he cost of prov iding se rv ice s is { nance d
primarily t hrou gh u se r charge s. The se fu nds ope rat e similarly t o a priv at e bu sine ss.
Special R ev enue Funds - while a gov e rnme nt al fu nd t y pe , t he re v e nu e sou rce (s) is re st rict e d or
commit t e d t o a spe ci{ c pu rpose ot he r t han capit al proje ct s or de bt se rv ice . This re st rict ion oft e n
originat e s in st at e or fe de ral law, su ch as t he re v e nu e from Hot e l Occu pancy Tax e s in t he Tou rism Fu nd,
which mu st be u se d for t ou rism-re lat e d facilit ie s and spe cial e v e nt s.
The following chart ide nt i{ e s t he C it y ’s bu dge t e d fu nds, organize d by t he ir fu nd t y pe . The C it y has addit ional
fu nds t hat are au dit e d, bu t not inclu de d in t he bu dge t . For e x ample , t he Grant Fu nds are not bu dge t e d as t he
re v e nu e and e x pe ndit u re s are conside re d ou t side e v e ry day ope rat ions and are not an ongoing, consist e nt
re v e nu e sou rce . Age ncy Fu nds are e x clu de d be cau se asse t s are he ld by t he C it y in a t ru st e e capacit y for ot he r
e nt it ie s.
City of Bedford, TX | Budget Book 2022 Page 15
