Page 37 - Bedford-FY23-24 Budget

The following charts show an overview of the revenue and expenditures of all
Comprehensive
budgeted funds.
Fund Overview

Summary
City of Bedford, TX is projecting $91.39M of revenue in FY2024, which represents a 6.7% increase over the prior year.
Budgeted expenditures are projected to increase by 11.3% or $9.58M to $94.65M in FY2024.

$100M

$75M

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

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024

Comprehensive Fund Overview Comprehensive Summary

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected
Beginning Fund Balance: $28,256,543 $40,858,755 $32,625,488 $32,625,488
Revenues
Property Taxes $25,446,623 $25,389,927 $27,016,450 $26,834,126
Franchise Fees $2,828,802 $3,046,938 $2,886,000 $2,966,723
Licenses And Permits $8,197 -$18,470 -$17,500 $0
Licenses And Permits $8,197 -$18,470 -$17,500 $0
Charges For Services $109,815 $81,593 $23,500 $0
Charges For Services $109,815 $81,593 $23,500 $0
Miscellaneous Income $195,661 $746 $500 $0
Miscellaneous Income $195,661 $746 $500 $0
Event Revenue $0 $7,716 $63,000 $0
Event Revenue $0 $7,716 $63,000 $0
Other Governmental $100,000 $163,088 $0 $0
Other Governmental $100,000 $163,088 $0 $0
Other Transfers In $5,155,000 $6,082,932 $0 $0
Other Transfers In $5,155,000 $6,082,932 $0 $0
Other Financing Sources $0 $1,405,037 $0 $0

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 37