Page 60 - Bedford-FY25-26 Budget

Fund Balance

During FY 2021-2022, the City was presented with the opportunity to purchase a piece of property at the entrance of the
City. In order to have control of the future development of the property, the City Council elected to proceed with the land
purchase, using fund balance for the expense. This caused a signi cant decline in the fund balance, while still keeping it
above the 20% threshold required by the City's nancial policies. The City sold the land in FY 2024-2025, restoring much of
the fund balance.

As part of the budget process, Council and Staff consider the use of fund balance for one-time purchases. Included in the
FY 2025-2026 proposed budget are several one-time expenses that utilize fund balance while remaining above the 20%
threshold.

Projections

$25M

$20M

$15M

$10M

$5M

$0
FY2023 FY2024 FY2025 FY2026
Committed Unassigned

FY 2025-2026 Committed Fund Balances:
$100,322 for Parks Maintenance (formerly the Parks Maintenance Fund)
$242,232 for Aquatics Maintenance (formerly the Aquatics Maintenance Fund)

Financial Summary FY2023 FY2024 FY2025 FY2026 % Change
— — — —
Fund Balance
Unassigned $11,720,695 $12,649,100 $18,679,088 $17,923,663 -4%
Committed $0 $0 $412,554 $342,554 -17%

Total Fund Balance: $11,720,695 $12,649,100 $19,091,642 $18,266,217 -4.3%

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 60