Page 49 - City of Bedford FY22 Budget

The Ge ne ral Fu nd fu nct ions as t he primary ope rat ing fu nd for t he C it y of
Be dford. It is a gov e rnme nt al fu nd and conside re d a major fu nd. It is u se d
t o accou nt for re sou rce s t radit ionally associat e d wit h gov e rnme nt s, which
are not re qu ire d t o be accou nt e d for in anot he r fu nd. Se v e ral re v e nu e
General Fund sou rce s su pport e x pe ndit u re s in t his fu nd inclu ding ad v alore m t ax , sale s
t ax , franchise t ax e s, charge s for se rv ice , lice nse s, pe rmit s, and ot he r
misce llane ou s cat e gorie s of re v e nu e . The Ge ne ral Fu nd accou nt s for su ch
fu nct ions as ge ne ral gov e rnme nt , administ rat iv e se rv ice s, police , { re ,
pu blic work s, planning and commu nit y de v e lopme nt , and park s and
commu nit y se rv ice s.
Summary

The To wn o f B edf o r d i s pr o j ect i ng $ 39 .71M o f r ev enue i n F Y2022, whi ch r epr es ent s a 4.1% i ncr eas e o v er t he pr i o r y ear .
B udg et ed expendi t ur es ar e pr o j ect ed t o i ncr eas e by 4.6 % o r $ 1.74M t o $ 39 .83M i n F Y2022.

$5 0M

$40M

$3 0M
Actual R evenue S o urce
$2 0M Budgeted R evenue S o urce
Over Budget R evenue S o urce
Actual Ex penditures
$10M
Budgeted Ex penditures
Over Budget Ex penditures
$0
F Y 2 016 F Y 2 017 F Y 2 018 F Y 2 019 F Y 2 02 0 F Y 2 02 1 F Y 2 02 2

City of Bedford, TX | Budget Book 2022 Page 49