Page 164 - Bedford-FY25-26 Budget

Name FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted FY2025 Amended Budget
vs. FY2026 Budgeted (%
Change)
Expense Objects
Contractual Services $0 $0 $0 $732,920 N/A
Maintenance $0 $0 $0 $41,290 N/A
Capital Outlay $0 $0 $0 $168,885 N/A

Total Expense Objects: $0 $0 $0 $943,095 N/A

Fund Balance

This is an internal service fund used for capital replacement. Expenditures vary annually depending on capital needs. This
can result in uctuations of the fund balance.

Projections

$2.5M

$2M

$1.5M

$1M

$500K

$0
FY2024 FY2025 FY2026
Assigned Committed Unassigned
FY 2025-2026 Committed Fund Balance:
$284,926 for Water & Sewer vehicle replacements (formerly the Water/Sewer Vehicle Replacement Fund)

FY 2025-2026 Assigned Fund Balance:
$60,745 for Property Loss Insurance

Financial Summary FY2025 FY2026 % Change
— —
Fund Balance
Unassigned $1,962,776 $1,949,746 -0.7%
Assigned $60,745 $60,745 0%
Committed $337,926 $284,926 -15.7%

Total Fund Balance: $2,361,447 $2,295,417 -2.8%

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 164