Page 85 - Bedford-FY25-26 Budget

Fund Balance

The SIEDC Board annually approves the projects for each scal year. They use a mix of nancing sources available including
fund balance or debt instruments. Changes in fund balance are determined by the schedule of projects and planned
nancing sources approved by the Board. The FY 2026 decrease in fund balance is primarily driven by the construction costs
for the Gregory and Bedford Court Addition Utility and Street Improvements Capital Improvement Project.

Projections

$8M

$6M

$4M

$2M

$0
FY2023 FY2024 FY2025 FY2026
Committed Restricted Nonspendable Assigned Unassigned

In accordance with our Fiscal and Budgetary Policy Statements, the assigned balance in this fund is equivalent to one year
of the average annual debt service requirement, including related expenses.

Financial Summary FY2023 FY2024 FY2025 FY2026 % Change
— — — —
Fund Balance
Unassigned $4,481,456 $5,280,193 $6,064,139 $4,433,629 -26.9%
Assigned $663,669 $663,459 $664,137 $663,372 -0.1%
Committed $0 $0 $0 $0 0%
Restricted $0 $0 $0 $0 0%
Nonspendable $0 $0 $0 $0 0%

Total Fund Balance: $5,145,125 $5,943,652 $6,728,276 $5,097,001 -24.2%

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 85