Page 215 - Bedford-FY25-26 Budget

This is a maintenance fund was established to have a pay-as-you go plan technology
replacement fund for the Library. Funding is provided through an operating transfer
from the General Fund. This allows the accumulation of funds for larger technology
Library
replacements that cannot be absorbed in the operating budget.
Technology
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 new Computer
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 $82K to $0 in FY2026.

$30K

$20K

Actual Revenue Source
$10K Budgeted Revenue Source
Actual Expenditures
Budgeted Expenditures

$0
FY2023 FY2024 FY2025 FY2026

Library Technology Fund (Closing) Comprehensive Summary

Name FY2023 Actual FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted
Beginning Fund Balance: $31,061 $32,440 $54,282 $54,282 N/A
Revenues
Fines & Forfeitures $475 $370 $276 $276 $0
Miscellaneous Income $1,352 $2,226 $2,438 $2,438 $0
Other Transfers In $25,000 $25,000 $25,000 $25,000 $0
Total Revenues: $26,827 $27,596 $27,714 $27,714 $0

Expenditures
Debt Service & Transfers $0 $0 $81,996 $81,996 $0
Capital Outlay $25,448 $5,755 $0 $0 $0

Total Expenditures: $25,448 $5,755 $81,996 $81,996 $0
Total Revenues Less Expenditures: $1,379 $21,842 -$54,282 -$54,282 $0
Ending Fund Balance: $32,440 $54,282 $0 $0 N/A

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 215