Page 98 - 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
Personnel Services $281,103 $113,793 $179,274 $170,280 $189,977 6%
Contractual Services $585,082 $554,665 $702,934 $732,461 $755,735 7.5%
Supplies $8,006 $5,252 $27,300 $3,000 $18,050 -33.9%
Maintenance $46,430 $360 $0 $0 $0 0%
Debt Service & $122,981 $301,211 $297,830 $297,830 $297,830 0%
Transfers
Special Events $0 $2,000 $0 $2,000 $0 0%
Capital Outlay $0 $0 $260,000 $257,551 $0 -100%

Total Expense Objects: $1,043,602 $977,280 $1,467,338 $1,463,122 $1,261,592 -14%

Fund Balance

As a special revenue fund, the use of these funds is restricted by state statute. Fund balance changes are based on
approved expenditures for allowable expenses and uctuate annually.

Projections

$4M

$3M

$2M

$1M

$0
FY2023 FY2024 FY2025 FY2026
Unassigned

Financial Summary FY2023 FY2024 FY2025 FY2026 % Change
— — — —
Fund Balance
Unassigned $2,413,849 $3,080,618 $2,943,543 $3,200,047 8.7%

Total Fund Balance: $2,413,849 $3,080,618 $2,943,543 $3,200,047 8.7%

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 98