Page 215 - Bedford-FY23-24 Budget

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected FY2023 Adopted Budget
vs. FY2024 Budgeted (%
Change)
Debt Service & Transfers $763,869 $5,339,564 $0 $0 0%
Capital Outlay $0 $500,000 $100,000 $2,316,043 -100%

Total Expense Objects: $763,869 $5,839,564 $600,000 $2,316,043 -100%

Fund Balance

This is a maintenance fund for Water & Sewer operations. Expenditures consist of planned capital investments and
emergency repairs, resulting in a uctuation of fund balance.

Projections

$12 .5M

$10M

$7.5M

$5M

$2 .5M

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Unassigned

FY2017 FY2018 FY2019 FY2020 FY2021 % Change
— — — — —
Fund Balance
Unassigned $2,431,999 $2,765,073 $3,738,586 $4,219,603 $10,563,167 150.3%

Total Fund Balance: $2 ,431,999 $2 ,765,073 $3,738 ,586 $ 4 , 219,603 $10,563,167 150. 3%

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 215