Page 65 - Bedford-FY25-26 Budget

Name FY2023 FY2024 FY2025 Amended FY2025 FY2026 FY2025 Amended
Actual Actual Budget Projected Budgeted Budget vs. FY2026
Budgeted (%
Change)
Expense Objects
Contractual Services $25,052 $7,708 $25,000 $14,367 $13,130 -47.5%
Debt Service & $6,642,548 $7,976,555 $8,581,530 $8,581,340 $8,411,962 -2%
Transfers
Total Expense
$6,667,600 $7,984,264 $8,606,530 $8,595,707 $8,425,092 -2.1%
Objects:

Fund Balance

Revenue in this fund is determined by the calculated tax rate for debt service payments. Expenses are regulated by the
debt service schedules for bonds and certi cates of obligation supported by property tax. Excess collections from legislative
interpretation of the senior tax freeze have recently been spent.

There is a one-time draw-down of excess fund balance in the FY 2025-2026 budget.

Projections

$1M

$800K

$600K

$400K

$200K

$0
FY2023 FY2024 FY2025 FY2026
Unassigned

Financial Summary FY2023 FY2024 FY2025 FY2026 % Change
— — — —
Fund Balance
Unassigned $775,845 $513,958 $143,616 $113,178 -21.2%

Total Fund Balance: $775,845 $513,958 $143,616 $113,178 -21.2%

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 65