Page 54 - City of Bedford FY22 Budget

N am e FY 2 0 18 FY 2 0 19 FY 2 0 2 0 FY 2 0 2 1 FY 2 0 2 2 Ado pt ed FY 2 0 2 1 Budget ed v s.
Ac t ual Ac t ual Ac t ual Budget ed Budget FY 2 0 2 2 Ado pt ed
Budget ( % C hange)
Con tra ctu a l Se rvi ce s $3, 0 61 , 21 8 $3, 4 69, 0 34 $2, 974 , 4 61 $3, 547, 34 2 $4 , 589, 67 7 29. 4 %
Su p p l i e s $1 , 4 61 , 1 67 $1 , 224 , 1 84 $1 , 1 61 , 4 0 2 $1 , 4 23, 1 1 5 $1 , 520 , 90 5 6. 9%
Ma i n te n a n ce $1 , 0 65, 24 2 $1 , 0 7 8, 0 50 $1 , 0 84 , 897 $1 , 1 67, 80 0 $1 , 1 1 7, 290 -4 . 3%
D e b t Se rvi ce &
$67 0 , 7 34 $7 7 9, 1 35 $1 , 4 1 1 , 64 8 $1 , 1 88, 0 1 3 $1 , 262, 4 60 6. 3%
Tra n sfe rs
COVID & Mi sc $0 $0 $3, 4 63 $0 $0 0 %
Uti l i ti e s $854 , 84 4 $899, 1 0 0 $7 0 7, 4 0 2 $988, 1 60 $960 , 4 20 -2. 8%
Ca p i ta l Ou tl a y $4 85, 4 1 5 $0 $56, 681 $330 , 0 0 0 $227, 550 -31 %
To t al E x pense
$3 3 ,5 2 8 ,8 48 $3 4,0 16,12 0 $3 2 ,769,3 0 0 $3 8 ,0 97,18 9 $3 9,8 3 3 ,2 93 4.6%
Objec t s:
Fund Balance

D ue t o t he uncer t ai nt y o f r ev enue i m pact s dur i ng t he CO V ID -19 Pandem i c, s t af f m i ni m i zed expendi t ur es dur i ng F Y 2019 -
2020 t o ens ur e t he budg et r em ai ned i n bal ance. Rev enues di d no t decl i ne as m uch as pr o j ect ed and o t her f undi ng becam e
av ai l abl e t o as s i s t i n t he Ci t y ' s r es po ns e t o t he Pandem i c. Thi s r es ul t ed i n a s i g ni { cant i ncr eas e i n t he f und bal ance o v er t he
l as t t wo y ear s .

Fu n d Ba l a n ce Pr oj ect i on s

$15 M

$12 . 5 M

$10M

$7. 5 M

$5 M

$2 . 5 M

$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
Unassigned

FY 2 0 16 FY 2 0 17 FY 2 0 18 FY 2 0 19 FY 2 0 2 0 % C hange
Fund Balanc e Ac t ual Ac t ual Ac t ual Ac t ual Ac t ual
Un a ssi gn e d $6, 1 20 , 699 $5, 7 61 , 990 $6, 987, 995 $8, 257, 0 65 $1 2, 4 4 2, 0 4 0 50 . 7 %
To t al Fund Balanc e: $6,12 0 ,699 $5 ,761,990 $6,98 7,995 $8 ,2 5 7,0 65 $12 ,442 ,0 40 5 0 .7%

City of Bedford, TX | Budget Book 2022 Page 54