Page 420 - Bedford-FY23-24 Budget

Name FY2021 FY2022 FY2023 Adopted FY2023 FY2023 Adopted
Actual Actual Budget Projected Budget vs.
FY2024
Budgeted (%
Change)

Maintenance
MAINTENANCE SIDEWALKS AND CURBS $12,650 $11,921 $23,000 $15,000 -100%
Concrete and supplies for drive $0 $0 $0 $15,000 0%
approach and sidewalk repairs
MAINTENANCE STREETS AND HIGHWAYS $374,066 $55,712 $78,500 $60,000 -100%
Asphalt for in-house road repairs $0 $0 $0 $60,000 0%
MAINTENANCE EQUIPMENT $17,249 $18,445 $19,900 $19,900 -100%
Equipment maintenance and repair $0 $0 $0 $19,900 0%
MAINTENANCE MOTOR VEHICLES $18,001 $14,078 $15,720 $15,720 -100%
Global Positioning System monthly $0 $0 $0 $15,720 0%
service fee
MAINTENANCE TRAFFIC SIGNALS $27,452 $38,684 $30,000 $30,000 -100%
Signal hardware and maintenance $0 $0 $0 $30,000 0%
supplies
MAINTENANCE BUILDINGS $0 $0 $0 $500 0%
MAINTENANCE STORM SEWERS $19,018 $914 $36,060 $36,060 -100%
Channel erosion control mats, sakcrete $0 $0 $0 $36,060 0%
for bag walls, cross ties
MAINTENANCE EQUIPMENT $3,170 $2,634 $8,400 $4,492 -100%
Equipment maintenance and repair $0 $0 $0 $4,492 0%
MAINTENANCE MOTOR VEHICLES $6,590 $5,632 $6,720 $6,932 -100%
Global Positioning System monthly $0 $0 $0 $6,932 0%
system fee
TRUNK RADIOS $0 $3,290 $4,330 $4,330 -100%
Fort Worth Radio IDs $0 $0 $0 $4,330 0%

Total Maintenance: $478,195 $151,308 $222,630 $192,934 -100%

Debt Service & Transfers
INTEREST EXPENSE LEASE PYMT $0 $105,688 $0 $0 0%
INTEREST EXPENSE $0 $52,508 $55,620 $55,620 -100%
General Obligation Bonds, Series 2021 $0 $0 $0 $55,620 0%
DEBT PRINCIPAL $0 $610,000 $610,000 $610,000 -100%
General Obligation Bonds, Series 2021 $0 $0 $0 $610,000 0%
OPERATING TRANSFERS $285,960 $290,960 $286,010 $286,010 -100%
Enterprise Replacement Program $0 $0 $0 $286,010 0%
CONTINGENCY $0 $41,370 $60,000 $60,000 -100%
Emergency repairs: street lights, $0 $0 $0 $60,000 0%
guardrails, signals, etc.
INTEREST EXPENSE -$29,910 $162,250 $152,460 $152,460 -100%
General Obligation Refunding Bonds, $0 $0 $0 $152,460 0%
Series 2020
PAYING AGENT FEES $45 $45 $1,500 $45 -100%
DEBT PRINCIPAL $0 $335,000 $340,000 $340,000 -100%

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 420