Page 122 - Bedford-FY23-24 Budget

This governmental fund was established to have a pay-as-you-go maintenance fund
Library Maint for the Library. Funding is provided through an operating transfer from the General
Fund. This allows the accumulation of funds for larger maintenance efforts that
Fund
cannot be absorbed in the operating budget.

Summary

City of Bedford, TX is projecting $27.3K of revenue in FY2024, which represents a 8.1% increase over the prior year. Budgeted
expenditures are projected to decrease by 100% or $83.52K to $0 in FY2024.

$100K

$75K

$50K
Ac tual Revenue Source
Budgeted Revenue Source
Ac tual Expenditures
$25K
Budgeted Expenditures

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024

Library Maint Fund Comprehensive Summary

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected
Beginning Fund Balance: $56,879 $49,921 $75,339 $75,339
Revenues
Miscellaneous Income $170 $418 $250 $2,500
Total Revenues: $170 $418 $250 $2,500

Expenditures
Maintenance $32,128 $0 $0 $0
Capital Outlay $0 $0 $83,520 $83,520

Total Expenditures: $32,128 $0 $83,520 $83,520
Total Revenues Less Expenditures: -$31,958 $418 -$83,270 -$81,020
Ending Fund Balance: $24,921 $50,339 -$7,931 -$5,681

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 122