Page 96 - Bedford-FY23-24 Budget

Name FY2021 Actual FY2022 Actual FY2023 Adopted Budget FY2023 Projected FY2023 Adopted Budget
vs. FY2024 Budgeted (%
Change)
Expense Objects
Contractual Services $1,608,519 $1,725,950 $2,199,380 $2,674,969 -100%
Supplies $25,274 $37,631 $44,800 $31,800 -100%
Maintenance $449,418 $138,839 $167,120 $140,620 -100%
Debt Service & Transfers $285,960 $994,837 $1,011,630 $1,011,630 -100%
Capital Outlay $113,726 $131,487 $1,330,000 $1,258,800 -100%
Total Expense Objects: $2,482,896 $3,028,744 $4,752,930 $5,117,819 -100%

Fund Balance
The SIEDC Board annually approves the projects for each scal year. They use a mix of nancing sources available including
fund balance or debt instruments. Changes in fund balance are determined by the schedule of projects and planned
nancing sources approved by the Board.

Projections

$6M

$5M

$ 4M

$3M

$2M

$1M

$0
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Unassigned

FY2017 FY2018 FY2019 FY2020 % Change
— — — —
Fund Balance
Unassigned $3,790,266 $3,680,942 $3,449,908 $2,943,948 -14.7%

Total Fund Balance: $3,790, 266 $3,680,942 $3,449,908 $2 ,943,94 8 -14 .7%

City of Bedford, TX | Proposed Budget FY 2023-2024 Page 96