Page 201 - Bedford-FY25-26 Budget

This governmental fund that accumulates funding for the replacement of City
vehicles and equipment. With the adoption of the vehicle replacement program
through Enterprise, the fund receives operating transfers for the lease costs of
Equipment
vehicles paid from this fund.
Replacement
Fund (Closing)
This fund will be closed at the end of FY 2024-2025. The remaining fund balance
will be transferred into the new Equipment Replacement internal service 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 $3.16M to $0 in FY2026.

$2.5M

$2M

$1.5M

$1M Actual Revenue Source
Budgeted Revenue Source
Actual Expenditures
$500K
Budgeted Expenditures

$0
FY2023 FY2024 FY2025 FY2026

Equipment Replacement Fund (Closing) Comprehensive Summary

Name FY2023 Actual FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted
Beginning Fund Balance: $120,427 $45,867 $718,622 $718,622 N/A
Revenues
Miscellaneous Income $77,597 $547,426 $110,745 $110,745 $0
Other Governmental $6,738 $5,226 $60,012 $60,012 $0
Other Transfers In $915,343 $942,701 $2,274,779 $2,274,779 $0

Total Revenues: $999,678 $1,495,353 $2,445,536 $2,445,536 $0

Expenditures
Contractual Services $838,675 $44,024 $724,205 $724,205 $0
Maintenance $0 $0 $20,525 $20,525 $0
Debt Service & Transfers $105,893 $754,822 $2,023,520 $2,023,520 $0
Capital Outlay $129,671 $23,751 $395,908 $395,908 $0

Total Expenditures: $1,074,239 $822,598 $3,164,158 $3,164,158 $0
Total Revenues Less Expenditures: -$74,560 $672,755 -$718,622 -$718,622 $0

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 201