Page 138 - Bedford-FY23-24 Budget

This governmental fund that accumulates funding for the replacement of City
Equipment
vehicles and equipment. With the adoption of the vehicle replacement program
through Enterprise, the fund receives operating transfers for the lease costs of
Replacement
vehicles paid from this fund.
Fund

Summary
City of Bedford, TX is projecting $945.91K of revenue in FY2024, which represents a 3.2% increase over the prior year.
Budgeted expenditures are projected to decrease by 7.7% or $78.7K to $943.7K in FY2024.

$1. 25M

$1M

$750K

Ac tual Revenue Source
$500K
Budgeted Revenue Source
Ac tual Expenditures
$250K
Budgeted Expenditures

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024

Equipment Replacement Fund Comprehensive Summary

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected
Beginning Fund Balance: $407,110 $459,494 $120,427 $120,427
Revenues
Miscellaneous Income $112,305 $0 $0 $0
Miscellaneous Income $112,305 $0 $0 $0
Other Governmental $67,932 $23,086 $0 $6,740

Total Revenues: $292,542 $23,086 $0 $6,740

Expenditures
Contractual Services $995,137 $1,095,393 $932,340 $932,340
Supplies $555 $0 $0 $0
Debt Service & Transfers $0 $105,688 $0 $0
Capital Outlay $0 $72,860 $90,055 $90,055

Total Expenditures: $995,691 $1,273,941 $1,022,395 $1,022,395
Total Revenues Less Expenditures: -$703,149 -$1,250,854 -$1,022,395 -$1,015,655
Ending Fund Balance: -$296,040 -$791,360 -$901,968 -$895,228

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 138