Page 65 - Bedford-FY23-24 Budget

The Water & Sewer fund is an enterprise fund that accounts for the water
and sewer services provided to the residents of the City and constitutes a
Waterworks
major fund. All activities necessary to provide such services are accounted
for in this fund, including administration, operations, maintenance,
Utility Fund
nancing and related debt service, and billing and collection.

Summary
City of Bedford, TX is projecting $27.42M of revenue in FY2024, which represents a 6.3% increase over the prior year.
Budgeted expenditures are projected to increase by 10.4% or $2.6M to $27.53M in FY2024.
Ongoing revenues remain above ongoing expenditures, with a budgeted draw down of reserves for one-time capital
purchases. The fund balance remains above policy reserve levels and is in line with best practices.

$30M

$20M

Ac tual Revenue Source
$10M Budgeted Revenue Source
Ac tual Expenditures
Budgeted Expenditures

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024

Waterworks Utility Fund Comprehensive Summary

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected
Beginning Fund Balance: $2,257,442 $3,154,677 $4,574,494 $4,574,494
Revenues
Licenses And Permits $9,920 $1,530 $2,500 $0
Licenses And Permits $9,920 $1,530 $2,500 $0
Charges For Services $18,765 $22,800 $15,000 $0
Charges For Services $18,765 $22,800 $15,000 $0
Miscellaneous Income $19 $0 $0 $0
Miscellaneous Income $19 $0 $0 $0
Other Transfers In $2,245,000 $5,589,564 $0 $0
Other Transfers In $2,245,000 $5,589,564 $0 $0
Other Financing Sources $0 $401,638 $0 $0

Total Revenues: $4,547,407 $11,629,425 $35,000 $0

Expenditures

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 65