Page 143 - Bedford-FY23-24 Budget

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected FY2023 Adopted Budget
vs. FY2024 Budgeted (%
Change)
Supplies $555 $0 $0 $0 0%
Debt Service & Transfers $0 $105,688 $0 $0 0%
Capital Outlay $0 $72,860 $90,055 $90,055 -100%

Total Expense Objects: $995,691 $1,273,941 $1,022,395 $1,022,395 -100%

Fund Balance

The fund balance uctuates depending on the number of vehicles that are sold during the year. The proceeds from the
auction of vehicles is used to offset the one time costs associated with out tting new vehicles and will vary annually
depending on the number of vehicles replaced.

Projections

$500K

$ 400K

$300K

$200K

$100K

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Unassigned

FY2017 FY2018 FY2019 FY2020 % Change
— — — —
Fund Balance
Unassigned $44,737 $95,876 $217,758 $407,110 87%

Total Fund Balance: $ 44 ,737 $95, 876 $217,758 $ 407,110 87%

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 143