Page 76 - Bedford-FY24-25 Budget

Y
FY2024 Amended
F
FY2024
FY2023
2
2
0
2
0
Name
F
Y
FY2024 Amended
N a m e FY2022 2 F Y 2 0 2 3 F Y 2 0 2 4 A m e n d e d F Y 2 0 2 4 FY2025 5 F Y 2 0 2 4 A m e n d e d
2
u
A
Ac tual l Ac tual l B u d g e t P r o j e c t e d B u d g e t e d B u d g e t v s . F Y 2 0 2 5
t
c
Budget
a
Projec ted
Budget vs. FY2025
Budgeted
A
a
c
u
t
B u d g e t e d ( %
Budgeted (%
n
g
h
a
e
Change) )
C
Expense Objects
Personnel Services $244,893 $313,395 $335,811 $335,811 $469,565 39.8%
Contractual $209,932 $194,168 $757,782 $757,782 $239,774 -68.4%
Services
Supplies $20,625 $23,576 $26,652 $26,652 $26,597 -0.2%
Maintenance $12,469 $35,094 $44,601 $44,601 $45,650 2.4%
Debt Service &
Transfers $850,522 $888,515 $877,932 $877,932 $881,039 0.4%
COVID & Misc $1,308 $0 $0 $0 $0 0%
Capital Outlay $0 $0 $70,442 $70,442 $0 -100%
Total Expense
$1, 339,74 8 $1,454 ,74 8 $2 ,113, 220 $2 ,113, 220 $1,662 ,625 -21. 3%
Objec ts:
Fund Balance
As an enterprise fund, the fund balance numbers provided are based on the working capital of each scal year. These
amounts vary depending on the cash status of the fund at the beginning of the scal year.
Projections
$3.5M
$3M
$2 .5M
$2M
$1.5M
$1M
$500K
$0
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Nonspendable Unassigned

Financial Summar y FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 % Change
— — — — — — — —
Fund Balance
Unassigned $505,162 $862,714 $1,318,280 $796,528 $252,629 $2,749,880 $2,659,401 $2,990,359 12.4%
Nonspendable $0 $0 $0 $0 $0 $0 $0 $0 0%

Total Fund Balance: $505,162 $862 ,7 14 $1, 318 , 280 $796 ,528 $252 ,629 $2 ,749, 880 $2 ,659,401 $2 ,990, 359 12 .4%

City of Bedford, TX | Adopted Budget FY 2024-2025 Page 76