Page 236 - Bedford-FY22-23 Budget

Miscellaneous Income Summary

B688,770 -$51,150
(-6.91% vs. prior year)

Miscellaneous Income Proposed and Historical Budget vs. Actual

$1.75M

$1.5M

$1.25M

$1M

$750K

$500K

$250K

$0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Actual Budgeted Over Budget

Interest revenue is conservatively estimated based on investment of 100% of idle cash as stated in the City of
Bedford Investment Policy. Due to interest rates uctuations, interest revenue will be closely monitored and
adjustments in the City’s investment portfolio will be made accordingly in all funds. Based on current
market conditions, interest revenue has kept stable unless there was a change in funds available for
investment.

Miscellaneous revenue also includes sale of surplus property and various types of non-recurring revenue. The
City of Bedford is fortunate to participate in a number of joint ventures with surrounding communities to
provide joint services. Programs such as the school resource of cers and Teen Court are examples of these
types of programs.

City of Bedford, TX | Adopted Budget FY 2023 Page 236