Page 56 - FY 2026-2027 Adopted Budget Book

General Fund

The General Fund functions as the primary operating fund for the City of Bedford. It is a governmental fund
and considered a major fund. It is used to account for resources traditionally associated with governments,
which are not required to be accounted for in another fund. Several revenue sources support expenditures in
this fund including ad valorem (property) tax, sales tax, franchise taxes, charges for service, licenses, permits,
and other miscellaneous categories of revenue. The General Fund accounts for such functions as general
government, administrative services, police, fire, public works, planning and community development, and
parks and community services.

Fund Summary

Ongoing revenues remain above ongoing expenditures, with a budgeted draw down of reserves for one-
time capital purchases.
Projected revenues total $51.3M, which represents a 3% increase over the prior year.
Budgeted expenditures, including one-time items, are projected to increase by 8% to $54.5M in FY2027.

One-time expenditures total $3.2M, including $2.5M for the Animal Shelter Renovation.
Ongoing expenditures total $51.3M, a 4% increase over the prior year.

The fund balance remains above policy reserve levels and is in line with best practices.

$50M

$40M
Amount $30M Revenues

Expenditures
$20M
$10M

$0
FY 2024 Actuals FY 2025 Actuals FY 2026 Amended Budget FY 2026 Projection FY 2027 Proposed Budget
Fiscal Year
Data Updated: Sep 15, 2026, 9:54 PM View Report

CALCULATION
FY 2024 FY 2025 FY 2026 Amended FY 2026 FY 2027 Proposed % Change
Actuals Actuals Budget Projection Budget
Revenues
Taxes $32,583,408 $33,744,388 $36,160,295 $35,980,900 $36,862,235 2%
Franchise Fees $2,871,114 $2,832,479 $2,853,000 $2,787,185 $2,739,610 -4%
Licenses, Permits, & Fees $1,880,106 $1,949,425 $1,689,890 $1,859,755 $1,859,755 10%
Fines & Forfeitures $1,338,291 $1,292,158 $1,425,000 $1,489,630 $1,481,040 4%
Charges for Services $2,695,221 $2,688,817 $2,496,675 $2,871,610 $2,876,235 15%
Intergovernmental $730,531 $508,885 $415,690 $603,805 $625,105 50%
Revenue
Interest Income $589,634 $731,149 $525,000 $679,880 $593,685 13%
Miscellaneous Income $635,489 $7,744,967 $451,700 $465,010 $426,050 -6%

FY 2026-2027 Adopted Budget Book · September 15, 2026 52