Page 48 - Bedford-FY22-23 Budget

The General Fund functions as the primary operating fund for the City of
Bedford. It is a governmental fund and considered a major fund. It is used
to account for resources traditionally associated with governments, which
are not required to be accounted for in another fund. Several revenue
sources support expenditures in this fund including ad valorem tax, sales
General Fund
tax, franchise taxes, charges for service, licenses, permits, and other
miscellaneous categories of revenue. The General Fund accounts for such
functions as general government, administrative services, police, re,
public works, planning and community development, and parks and
community services.

Summary
City of Bedford, TX is projecting $43.14M of revenue in FY2023, which represents a 8.7% increase over the prior year.
Budgeted expenditures are projected to increase by 7.3% or $2.9M to $42.74M in FY2023.

$50M

$ 40M

$30M
Ac tual Revenue Source
Budgeted Revenue Source
$20M
Over Budget Revenue Source
Ac tual Expenditures
$10M
Budgeted Expenditures
Over Budget Expenditures
$0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

City of Bedford, TX | Adopted Budget FY 2023 Page 48