Page 70 - City of Bedford FY22 Budget

Interest & This gov e rnme nt al fu nd is u se d t o accou nt for t he accu mu lat ion of
Sinking Fund re sou rce s for t he pay me nt of ge ne ral long-t e rm de bt principal, int e re st ,
and re lat e d cost s from t he t ax e s le v ie d by t he C it y. Bonds u se d by a
(Debt Service gov e rnme nt t o { nance major const ru ct ion proje ct s, t o be paid by t ax
Fund) le v ie s ov e r a pe riod of y e ars, re qu ire a de bt se rv ice fu nd t o accou nt for t he ir

re pay me nt .
Summary

The To wn o f B edf o r d i s pr o j ect i ng $ 7.84M o f r ev enue i n F Y2022, whi ch r epr es ent s a 6 .8% 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 decr eas e by 2.3% o r $ 16 6 .6 9 K t o $ 7.17M i n F Y2022.

$10M

$8 M

$6M

Actual R evenue S o urce
Budgeted R evenue S o urce
$4M
Over Budget R evenue S o urce
Actual Ex penditures
$2 M
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 70