General Fund

The General Fund is the City's primary governmental operating fund. It is used to account for all financial resources that cannot otherwise be accounted for in other funds that have specific purposes. It is considered the City of Bedford's largest fund. The General Fund Approved Budget is $42,620,270 for Fiscal Year 2022-2023.

Where the Money Comes From

Type of RevenueAmountPercentage of All Forms of Revenue
Property Taxes$20,252,24047%
Sales Tax$11,630,05027%
Operating Transfers In$3,218,3407%
Franchise Taxes$2,811,0007%
Service Charges$2,353,3005%
Fines and Forfeitures$1,079,6003%
Licenses and Permits$1,075,5502%
Other Governmental$358,1201%
Other Taxes$220,000Less than 1%
Other Revenues$144,500Less than 1%
Total$43,142,700100%


Where the Money Goes

Type of Expense
Amount
Percentage of Budget
Personnel
32,500,32076.3%
Contractual Services$5,325,78512.5%
Supplies$1,586,1553.7%
Transfers/Debt$1,264,8003.0%
Maintenance$1,094,1602.6%
Utilities$814,5201.9%
Capital$32,000.1%


Department or Function
AmountPercentage of Budget
Police$14,413,65033.8%
Fire$10,691,01525.1%
Admin Services$3,519,6708.3%
Parks and Recreation
$3,265,400
7.7%
Support Services$2,731,6406.4%
Public Works$2,158,8405.1%
General Government
$1,900,000
4.5%
Development$1,899,3454.5%
Library$1,758,0904.1%
Operating Transfers$280,000.7%
chart showing the General Fund "where the money goes"