Page 73 - Bedford-FY23-24 Budget

This enterprise fund focuses on the operation and maintenance of the
stormwater utility system, which manages stormwater drainage runoff,
Stormwater
including administration, repairs, replacements, improvements, and
Utility Fund
extensions of the water and sewer system (directly related to drainage),
nancing and related debt service, and billing and collection.

Summary
City of Bedford, TX is projecting $1.9M of revenue in FY2024, which represents a 3.9% increase over the prior year. Budgeted
expenditures are projected to decrease by 30.5% or $740.98K to $1.69M in FY2024.

$ 4M

$3M

$2M
Ac tual Revenue Source
Budgeted Revenue Source
Ac tual Expenditures
$1M
Budgeted Expenditures

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024

Stormwater Utility Fund Comprehensive Summary

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected
Beginning Fund Balance: $1,318,280 $1,796,803 $2,244,788 $2,244,788
Revenues
Charges For Services $1,670,019 $1,837,408 $1,790,000 $1,860,727
Miscellaneous Income $35,978 $38,828 $35,000 $61,912
Other Transfers In $2,000,000 $1,142,951 $0 $0
Other Financing Sources $0 $82,267 $0 $0
Total Revenues: $3,705,997 $3,101,453 $1,825,000 $1,922,639

Expenditures
Personnel Services $264,014 $244,893 $397,590 $341,605
Contractual Services $149,930 $209,932 $736,280 $746,777
Supplies $15,369 $20,625 $31,360 $26,788
Maintenance $28,777 $12,469 $55,510 $51,814
Debt Service & Transfers $564,230 $1,189,068 $885,285 $883,830
COVID & Misc $6,391 $1,308 $0 $0

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 73