Page 72 - Bedford-FY23-24 Budget

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected FY2023 Adopted Budget
vs. FY2024 Budgeted (%
Change)
Contractual Services $12,541,041 $13,967,987 $13,618,465 $13,726,916 -100%
Supplies $187,031 $224,042 $270,780 $265,534 -100%
Maintenance $307,164 $255,307 $295,660 $350,552 -100%
Debt Service & Transfers $3,862,579 $9,734,682 $7,590,540 $7,585,820 -100%
COVID & Misc $14,900 $10,222 $0 $7,014 0%
Utilities $102,080 $162,820 $154,530 $161,508 -100%
Total Expense Objects: $19,310,855 $26,676,501 $24,873,115 $24,548,678 -100%

Fund Balance
As an enterprise fund, the fund balance numbers provided are based on the working capital of each scal year. These
amounts vary depending on the cash status of the fund at the beginning of the scal year.

Projections
$10M

$7.5M

$5M

$2 .5M

$0

$ -2500000
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

Unassigned

FY2023
—
Fund Balance
Unassigned $7,379,980

Total Fund Balance: $7, 379,980

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 72