Page 64 - Bedford-FY24-25 Budget

The Waterworks Utility fund is an enterprise fund that accounts for the water and
Waterworks sewer services provided to the residents of the City and constitutes a major fund. All
Utility Fund activities necessary to provide such services are accounted for in this fund, including
administration, engineering, operations, maintenance, nancing and related debt
service, and billing and collection.
Summary

City of Bedford, TX is projecting $28.97M of revenue in FY2025, which represents a 5.7% increase over the prior year.
Budgeted expenditures are projected to increase by 5% or $1.39M to $28.92M in FY2025.

$ 40M

$30M

$20M
Ac tual Revenue Source
Budgeted Revenue Source
Ac tual Expenditures
$10M
Budgeted Expenditures

$0
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025

Waterworks Utility Fund Comprehensive Summary

Name FY2022 FY2023 FY2024 Amended FY2024 FY2025
Ac tual Ac tual Budget Projec ted Budgeted
Beginning Fund Balance: $3,154 ,677 $ 4 ,574 ,494 $6 ,444 ,765 $6 ,444 ,765 $8 ,030, 262
Revenues
Licenses And Permits $15,440 $4,666 $6,000 $4,379 $4,000
Charges For Services $26,388,733 $26,790,379 $27,225,200 $28,442,006 $28,587,861
Miscellaneous Income $26,808 $189,450 $112,000 $359,544 $308,686
Other Transfers In $5,664,001 $74,435 $74,435 $74,435 $74,435
Other Financing Sources $401,638 $899,470 $0 $0 $0

Total Revenues: $32 ,496 ,619 $27,958 , 399 $27,417,635 $28 , 880, 364 $28 ,974 ,982

Expenditures
Personnel Services $2,321,441 $2,111,035 $3,132,214 $2,545,342 $3,117,735
Contractual Services $13,967,987 $14,452,436 $15,893,212 $16,350,181 $17,176,788
Supplies $224,042 $227,904 $265,250 $273,723 $259,302
Maintenance $255,307 $280,567 $324,620 $309,941 $317,770
Debt Service & Transfers $7,398,579 $7,358,978 $7,763,810 $7,707,810 $7,942,664

City of Bedford, TX | Adopted Budget FY 2024-2025 Page 64