Page 181 - Bedford-FY25-26 Budget

This governmental fund was established to have a pay-as-you-go maintenance fund
for the Parks in Bedford. This allows the accumulation of funds for larger
maintenance efforts that cannot be absorbed in the operating budget such as
Parks
playgrounds, water fountains, shade restructures, fencing and lighting.
Maintenance
Fund (Closing)
This fund will be closed at the end of FY 2024-2025. The remaining fund balance
will be transferred to a committed fund balance in the General Fund.
Summary

City of Bedford, TX is projecting $0 of revenue in FY2026, which represents a 100% decrease over the prior year. Budgeted
expenditures are projected to decrease by 100% or $225.32K to $0 in FY2026.

$150K

$100K

Actual Revenue Source
$50K Budgeted Revenue Source
Actual Expenditures
Budgeted Expenditures

$0
FY2023 FY2024 FY2025 FY2026

Parks Maintenance Fund (Closing) Comprehensive Summary

Name FY2023 Actual FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted
Beginning Fund Balance: $262,645 $246,807 $168,860 $168,860 N/A
Revenues
Miscellaneous Income $10,239 $10,634 $6,462 $6,462 $0
Other Transfers In $50,000 $50,000 $50,000 $50,000 $0

Total Revenues: $60,239 $60,634 $56,462 $56,462 $0

Expenditures
Maintenance $18,966 $0 $0 $0 $0
Debt Service & Transfers $0 $0 $175,322 $175,322 $0
Capital Outlay $57,110 $138,582 $50,000 $50,000 $0
Total Expenditures: $76,077 $138,582 $225,322 $225,322 $0
Total Revenues Less Expenditures: -$15,838 -$77,947 -$168,860 -$168,860 $0
Ending Fund Balance: $246,807 $168,860 $0 $0 N/A

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 181