Page 102 - Bedford-FY23-24 Budget

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected FY2023 Adopted Budget
vs. FY2024 Budgeted (%
Change)
Debt Service & Transfers $160,000 -$160,000 $0 $0 0%
Capital Outlay $0 $160,000 $0 $0 0%

Total Expense Objects: $185,188 $8,875 $135,000 $318,457 -100%

Fund Balance

The Economic Development Fund received several additional transfers from the SIEDC Fund and Utility Repair &
Maintenance Fund to assist with funding for a Council approved Economic Development Agreement in FY 22. Expenditures
are only authorized for Council approved agreements, resulting in fund balance growth during years when no agreements
are active.

Projections
$1.5M

$1. 25M

$1M

$750K

$500K

$250K

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Unassigned

FY2017 FY2018 FY2019 FY2020 % Change
— — — —
Fund Balance
Unassigned $331,704 $337,022 $367,205 $812,554 121.3%

Total Fund Balance: $331,704 $337,022 $367, 205 $812 ,554 121. 3%

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 102