Page 87 - Bedford-FY22-23 Budget

Name FY2020 FY2021 FY2022 Projected FY2022 Adopted FY2023 Adopted FY2022 Adopted
Actual Actual Actual Budget Budget Budget vs. FY2023
Adopted Budget
(% Change)
Expense Objects
Contractual
Services $1,855,479 $1,608,519 $2,845,380 $1,630,380 $2,199,380 34.9%
Supplies $33,578 $25,274 $41,292 $48,800 $44,800 -8.2%
Maintenance $364,779 $449,418 $185,430 $187,440 $167,120 -10.8%
Debt Service & $278,115 $285,960 $1,013,468 $1,013,468 $1,011,630 -0.2%
Transfers
Capital Outlay $1,036,236 $113,726 $370,000 $20,000 $1,330,000 6,550%
Total Expense
$3,568,187 $2,482,896 $4,455,570 $2,900,088 $4,752,930 63.9%
Objects:

Fund Balance

The SIEDC Board annually approves the projects for each scal year. They use a mix of nancing sources available including
fund balance or debt instruments. Changes in fund balance are determined by the schedule of projects and planned
nancing sources approved by the Board.

Projections

$6M

$5M

$ 4M

$3M

$2M

$1M

$0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022
Unassigned

FY2016 FY2017 FY2018 FY2019 FY2020 % Change
— — — — —
Fund Balance
Unassigned $3,612,967 $3,790,266 $3,680,942 $3,449,908 $2,943,948 -14.7%

Total Fund Balance: $3,612 ,967 $3,790, 266 $3,680,942 $3,449,908 $2 ,943,94 8 -14 .7%

City of Bedford, TX | Adopted Budget FY 2023 Page 87