Page 26 - City of Bedford FY22 Budget

are calcu lat e d in se v e ral way s, e it he r on a gross re ce ipt s basis, pe r acce ss line , pe r k ilowat t -hou r of
powe r consu me d, e t c. The me t hodology for e ach u t ilit y franchise is some what diffe re nt . R e v e nu e
was de cre ase d in t he FY 20 1 9 -20 20 bu dge t du e t o le gislat iv e change s. St aff cont inu e s t o re v ie w
colle ct ions and adju st as ne ce ssary.

Lice nse s/pe rmit s — This cat e gory inclu de s a wide v arie t y of bu ilding-re lat e d pe rmit s, { re marshal
pe rmit s, alarm pe rmit s, sign pe rmit s, e t c. R e v e nu e for se v e ral classi{ cat ions of lice nse s and pe rmit s is
proje ct e d t o incre ase slight ly for ne x t y e ar.

Fine s and Fe e s — The t wo major driv e rs in t his re v e nu e cat e gory are Mu nicipal C ou rt Fine s and
Ambu lance Fe e s. Mu nicipal C ou rt { ne re v e nu e has be e n de cre ase d for ne x t y e ar. Ambu lance Fe e s
we re incre ase d slight ly base d on t he pe rformance of t he ne w billing company.

General Fund E x penditures — Propose d e x pe ndit u re s in t he Ge ne ral Fu nd t ot al $39 ,6 0 8,0 4 3 compare d
t o $38,0 9 7,1 89 in FY 20 20 -20 21 . Some incre ase s in base e x pe ndit u re s are inclu de d t o fu nd cont ract u al
obligat ions t hat hav e alre ady be e n commit t e d, cont inu e d ope rat ion of cu rre nt programs, and u nfu nde d
mandat e s from t he St at e of Te x as or ot he r e nt it ie s.

Water & Sewer Fund
Wat e r & Se we r Fu nd e x pe nse s are bu dge t e d at $25,0 6 1 ,6 0 7 in FY 20 21 -20 22 compare d t o $24 ,827,0 6 8 in
FY 20 20 -20 21 . In Ju ly 20 1 5, t he C it y of Be dford qu ali{ e d for a low-cost loan program from t he Te x as Wat e r
De v e lopme nt Board (TW DB) in t he amou nt of $9 0 million t o be issu e d ov e r se v e ral y e ars. In FY 20 1 5-20 1 6 ,
t he C it y issu e d $30 million as part of t he St at e Wat e r Imple me nt at ion Fu nd for Te x as (SW IFT) program. In
FY 20 1 7-20 1 8, t he C it y issu e d t he ne x t $20 million. Du ring FY 20 1 9 -20 20 , st aff work e d wit h a consu lt ant t o
e v alu at e t he rat e s for wat e r and se we r se rv ice s. Aft e r re ce iv ing t he re port on t he Wat e r and Se we r rat e s,
t he C it y C ou ncil e le ct e d t o be gin incre me nt al incre ase s in t he rat e s t o addre ss t he annu al cost incre ase s
from t he Trinit y R iv e r Au t horit y and t he capit al inv e st me nt ne e de d in t he infrast ru ct u re . St aff work e d wit h
consu lt ant s t o u pdat e t he re comme ndat ions for rat e s for FY 20 21 -20 22. The Trinit y R iv e r Au t horit y charge
de cre ase d for t he u pcoming y e ar and t he C it y did not issu e de bt t hat was fact ore d int o t he rat e st u dy
du ring t he pre v iou s e v alu at ion. Base d on t he se circu mst ance s, it was re comme nde d t o maint ain t he
same rat e s for wat e r and se we r se rv ice in t his { scal y e ar, which will st ill prov ide e nou gh fu nding for
planne d capit al inv e st me nt s in t he sy st e m.

Storm water U tility Fund

The St ormwat e r U t ilit y Fu nd was e st ablishe d in 1 9 9 1 in accordance wit h ame ndme nt s t o Tit le 1 3 of t he
Te x as Local Gov e rnme nt C ode . It is st ru ct u re d u nde r t he e nt e rprise fu nd conce pt . R e v e nu e s for t his fu nd
are de riv e d from a mont hly fe e charge d t o e ach u t ilit y cu st ome r, calcu lat e d base d on t he impe rv iou s
su rface on t he prope rt y. The re side nt ial st ormwat e r u t ilit y rat e was incre ase d t o $5.0 0 pe r mont h ($4 .50
pe r mont h for re side nt ial accou nt holde rs ov e r 6 5 y e ars of age ) as a re su lt of t he rat e st u dy condu ct e d
du ring t his bu dge t cy cle and t his nu mbe r is u se d in t he base calcu lat ion for non-re side nt ial prope rt ie s.
E x pe nse s in t he St ormwat e r U t ilit y Fu nd are u se d for st ormwat e r maint e nance pe rsonne l, mowing and
maint e nance of drainage channe ls, mosqu it o cont rol, st re e t swe e ping, e nv ironme nt al aware ne ss, and
de bt se rv ice pay me nt s on long-t e rm obligat ions for capit al proje ct s t hrou ghou t t he st ormwat e r sy st e m.
Bu dge t e d re v e nu e for t he St ormwat e r U t ilit y Fu nd for FY 20 1 9 -20 20 is $1 ,6 9 7,50 0 and e x pe nse s are
bu dge t e d at $1 ,554 ,377. E x pe ndit u re s are re lat iv e ly st able in t his fu nd.

Debt Serv ice Fund
The De bt Se rv ice Fu nd (some t ime s re fe rre d t o as t he Int e re st and Sink ing Fu nd) is u se d t o accou nt for
t he accu mu lat ion of re sou rce s for t he re pay me nt of ge ne ral long-t e rm de bt . The t ax rat e for t he
re pay me nt of long-t e rm de bt in FY 20 21 -20 22 is $0 .1 6 50 1 0 , which is a de cre ase from t he rat e for FY 20 20 -
20 21 of $0 .1 84 36 7. Su mmary sche du le s and de t aile d informat ion on indiv idu al bond obligat ions can be
fou nd in t he De bt se ct ion.

Special R ev enue Funds
City of Bedford, TX | Budget Book 2022 Page 26