Page 98 - Bedford-FY24-25 Budget

Fund Balance

The Economic Development Fund received several additional transfers from the SIEDC - 4B Fund and Water Utility Repair
Fund to assist with funding for a Council approved Economic Development Agreement in FY 2021-2022. Expenditures are
only authorized for Council approved agreements, resulting in fund balance growth during years when no agreements are
active.

Projections

$1.5M

$1. 25M

$1M

$750K

$500K

$250K

$0
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Unassigned

Financial Summar y FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 % Change
— — — — — — — —
Fund Balance
Unassigned $337,022 $367,205 $812,554 $679,043 $1,225,779 $1,183,342 $1,127,399 $1,128,645 0.1%

Total Fund Balance: $337,022 $367, 205 $812 ,554 $679,043 $1, 225,779 $1,183, 342 $1,127, 399 $1,128 ,645 0.1%

City of Bedford, TX | Adopted Budget FY 2024-2025 Page 98