Page 41 - City of Bedford FY21 Budget

DEBT SERVICE

The Debt Service section is a comprehensive presentation of all long-term debt obligations of the
City, regardless of the source of funding utilized for repayment of the debt. Also included are
individual payment schedules for all issues, showing principal and interest payments due each
fiscal year to maturity.

CAPITAL IMPROVEMENT

The Capital Improvement Program is divided into two sections. The first section is a summarized
presentation of the current five-year capital improvement program, including the bond program
known as Bedford 2005 and planned equipment replacement and maintenance. The second section
includes a budget recommendation from the City of Bedford Street Improvement Economic
Development Corporation (4B). The purpose of the Corporation, created during the FY 1997-98
fiscal year, is to administer the funding provided by the one-half of 1% sales tax for street
improvements as they relate to the City's economic development program.

SUPPLEMENTAL INFORMATION

This section provides statistical data on the City’s tax rate, property values, revenue and
expenditures over time. Readers can find information here about the principal taxpayers and the
actual impact of the tax rate. Additionally, information can be located regarding the legal debt
margin as required by the Texas Constitution.

COMMENTS

Your comments and questions are important. If you have suggestions or questions regarding the
budget, please direct them to:

City Manager’s Office
Attn: Strategic Services Manager
City of Bedford Phone: (817) 952-2117
2000 Forest Ridge Drive OR Fax: (817) 952-2103
Bedford, Texas 76021 E-mail: budget.info@bedfordtx.gov

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