Page 67 - Bedford-FY22-23 Budget

Name FY2020 FY2021 FY2022 FY2022 FY2023 FY2022 FY2022
Actual Actual Projected Adopted Adopted Adopted Adopted
Actual Budget Budget Budget vs. Budget vs.
FY2023 FY2023
Budgeted (% Adopted
Change) Budget (%
Change)
Expense Objects
Personnel $2,391,117 $2,296,060 $2,422,521 $2,592,200 $2,943,140 13.5% 13.5%
Services
Contractual $13,380,140 $12,541,041 $13,039,226 $14,106,010 $13,618,465 -3.5% -3.5%
Services
Supplies $185,094 $187,031 $226,325 $226,240 $270,780 19.7% 19.7%
Maintenance $181,564 $307,164 $304,569 $306,580 $295,660 -3.6% -3.6%
Debt Service & $3,287,797 $3,862,579 $7,665,136 $7,665,136 $7,590,540 -1% -1%
Transfers
COVID & Misc $0 $14,900 $3,277 $0 $0 0% 0%
Utilities $144,227 $102,080 $162,475 $165,440 $154,530 -6.6% -6.6%

Total Expense
$19,569,939 $19,310,855 $23,823,529 $25,061,606 $24,873,115 -0.8% -0.8%
Objects:

Fund Balance
As an enterprise fund, the fund balance numbers provided are based on the working capital of each scal year. These
amounts vary depending on the cash status of the fund at the beginning of the scal year.

Projections
$8M

$6M

$ 4M

$2M

$0

$ -2000000

$ -4000000
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022

Unassigned

FY2022
—
Fund Balance
Unassigned $5,697,798

Total Fund Balance: $5,697,798

City of Bedford, TX | Adopted Budget FY 2023 Page 67