Page 210 - Bedford-FY23-24 Budget

This enterprise fund was established for emergency and scheduled repairs of the
Water Utility
water distribution system and the wastewater collection system. The funds are an
established operation transfer from the Water and Wastewater Divisions.
Repair Fund

Summary
City of Bedford, TX is projecting $1.04M of revenue in FY2024, which represents a 13.0% increase over the prior year.
Budgeted expenditures are projected to increase by 0% or $0 to $600K in FY2024.

$1.5M

$1M

$500K

$0 Ac tual Revenue Source
Budgeted Revenue Source
Ac tual Expenditures
$ -500000
Budgeted Expenditures

$ -1000000
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024

Water Utility Repair Fund Comprehensive Summary

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected
Beginning Fund Balance: $4,219,603 $10,563,167 $5,697,798 $5,697,798
Revenues
Other Transfers In $250,000 $0 $0 $0
Other Transfers In $250,000 $0 $0 $0

Total Revenues: $500,000 $0 $0 $0

Expenditures
Contractual Services $0 $0 $500,000 $0
Debt Service & Transfers $763,869 $5,339,564 $0 $0
Capital Outlay $0 $500,000 $100,000 $2,316,043
Total Expenditures: $763,869 $5,839,564 $600,000 $2,316,043
Total Revenues Less Expenditures: -$263,869 -$5,839,564 -$600,000 -$2,316,043
Ending Fund Balance: $3,955,734 $4,723,604 $5,097,798 $3,381,755

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 210