Page 148 - Bedford-FY25-26 Budget

Name FY2023 FY2024 FY2025 Amended FY2025 FY2026 FY2025 Amended
Actual Actual Budget Projected Budgeted Budget vs. FY2026
Budgeted (%
Change)
Revenue Source
Property Taxes $79,204 $110,710 $110,000 $58,945 $102,946 -6.4%
Miscellaneous $916 $5,814 $3,470 $8,163 $7,500 116.1%
Income

Total Revenue Source: $80,120 $116,524 $113,470 $67,108 $110,446 -2.7%

Fund Balance
This fund was created in FY 2020-2021 for development projects associated with the Tax Increment Reinvestment Zone. At
this time, the fund is in a building stage and no expenses are expected.

Projections
$400K

$300K

$200K

$100K

$0
FY2023 FY2024 FY2025 FY2026

Unassigned

Financial Summary FY2023 FY2024 FY2025 FY2026 % Change
— — — —
Fund Balance
Unassigned $80,120 $196,643 $263,751 $374,197 41.9%
Total Fund Balance: $80,120 $196,643 $263,751 $374,197 41.9%

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 148