Page 135 - Bedford-FY24-25 Budget

Equipment This governmental fund that accumulates funding for the replacement of City
Replacement vehicles and equipment. With the adoption of the vehicle replacement program
through Enterprise, the fund receives operating transfers for the lease costs of
Fund vehicles paid from this fund.

Summary

City of Bedford, TX is projecting $2.26M of revenue in FY2025, which represents a 138.6% increase over the prior year.
Budgeted expenditures are projected to decrease by 21.9% or $211.05K to $754.25K in FY2025.

$2 .5M

$2M

$1.5M

Ac tual Revenue Source
$1M
Budgeted Revenue Source
Ac tual Expenditures
$500K
Budgeted Expenditures
$0
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025

Equipment Replacement Fund Comprehensive Summary

Name FY2022 FY2023 FY2024 Amended FY2024 FY2025
Ac tual Ac tual Budget Projec ted Budgeted
Beginning Fund Balance: $ 459,494 $120,427 $ 45, 867 $ 45, 867 $247,521
Revenues
Miscellaneous Income $1,638 $77,597 $3,200 $87,025 $2,360
Other Governmental $23,086 $6,738 $10,000 $5,226 $0
Other Transfers In $910,150 $915,343 $942,705 $942,701 $2,254,255

Total Revenues: $934 , 874 $999,678 $955,905 $1,034 ,952 $2 , 256 ,615

Expenditures
Contractual Services $1,095,393 $838,675 $965,295 $810,592 $754,245
Debt Service & Transfers $105,688 $105,893 $0 $0 $0
Capital Outlay $72,860 $129,671 $0 $22,706 $0

Total Expenditures: $1, 273,941 $1,074 , 239 $965, 295 $833, 298 $754 , 245
Total Revenues Less
-$339,067 -$74 ,560 -$9, 390 $201,654 $1,502 , 370
Expenditures:
Ending Fund Balance: $120,427 $ 45, 867 $36 ,477 $247,521 $1,749, 891

City of Bedford, TX | Adopted Budget FY 2024-2025 Page 135