Page 201 - Bedford-FY24-25 Budget

This governmental fund uses the $0.50 donations from the water bill to make
improvements to the park and recreation facilities. This program has funded items
such as the construction of the Bark Park, hockey rink facility, additional picnic tables,
Park benches, new play structures, additional lighting, the City Christmas tree, exercise
Donations equipment, Splash equipment and numerous other improvements to park and
Fund recreation facilities. The collection of these funds continues to provide an additional
revenue source for funding improvements to the Bedford park and recreation system.

Beginning in FY 2024 -2025, the accounting for the Park Donations program will
be moved to a liability account in the General Fund.
Summary

City of Bedford, TX is projecting $0 of revenue in FY2025, which represents a 100% decrease over the prior year. Budgeted
expenditures are projected to decrease by 100% or $25K to $0 in FY2025.

$80K

$60K

$ 40K
Ac tual Revenue Source
Budgeted Revenue Source
Ac tual Expenditures
$20K
Budgeted Expenditures

$0
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025

Park Donations Fund Comprehensive Summary

Name FY2022 FY2023 FY2024 Amended FY2024 FY2025
Ac tual Ac tual Budget Projec ted Budgeted
Beginning Fund Balance: $101, 814 $54 ,413 $ 45,060 $ 45,060 $ 42 , 224
Revenues
Miscellaneous Income $363 $2,261 $1,400 $2,592 $0
Other Governmental $9,690 $9,006 $9,100 $8,572 $0

Total Revenues: $10,053 $11, 267 $10,500 $11,164 $0

Expenditures
Contractual Services $6 $18,430 $25,000 $13,440 $0
Supplies $57,447 $2,191 $0 $53 $0
Capital Outlay $0 $0 $0 $507 $0

Total Expenditures: $57,454 $20,621 $25,000 $14 ,000 $0

City of Bedford, TX | Adopted Budget FY 2024-2025 Page 201