Page 19 - City of Bedford FY20 Approved Budget

Truck, and Sanders (totaling $394,800). Expenses for the corporation are approved by the
Board of Directors and recommended to the City Council for approval.

 Miscellaneous Special Revenue Funds

Court Security Fund – This fund accounts for monies collected under State Statute
designed to provide security for the Municipal Court facilities. These funds are used
specifically to pay for a portion of the salary, benefits, and operating costs of two full-time
bailiff/warrant officers in the Municipal Court.

Court Technology Fund – This fund is used for monies collected under State Statute
designed to provide increased technology for the Municipal Court facilities. These funds
are used specifically to pay for the operating costs of the Municipal Court computer
systems, audio-video system in the court room, and hand-held electronic ticket writers used
by the Police Department.

Park Donations Fund – This fund is used for contributions from citizens designated for
park improvements. Specifically, this donation is shown on utility bills, and citizens may
voluntarily include the $0.50 donation when making their utility bill payment. Typically,
funding is authorized for improvements to various parks, including picnic shade structures
planned for the upcoming fiscal year.

Beautification Fund – This fund accounts for revenue and expenditures related to various
city-wide beautification programs proposed by the City’s Beautification Commission.
Annual revenue of $10,000 is collected via a grant from Republic Services, designated
specifically for beautification projects within the City.

Commercial Vehicle Enforcement Fund – This fund accounts for the federal fine
revenue generated from the Commercial Vehicle Enforcement program. Until the fund
reaches self-sufficiency, it will also receive a transfer from the General Fund. Expenditures
include the personnel and equipment to operate the program. The program’s objective is
to reduce commercial motor vehicle accidents through the enforcement of Motor Carrier
Safety Regulations and state laws regulating the weight of commercial vehicles.

Economic Development Fund – The Economic Development Fund was established mid-
year in FY 2011/2012. This fund is used in conjunction with the City of Bedford Economic
Development Policy and Program and the City of Bedford Retail Center Revitalization
Program (RCR). This fund receives an annual transfer of $50,000 to be used by the City
Council for incentives and payments related to approved Economic Development
agreements. Funding is authorized in the proposed budget for a revitalization study and
economic development incentive grants.

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