Page 27 - City of Bedford FY22 Budget

Touris m Fund — This fu nd was e st ablishe d t o re cord re v e nu e and e x pe ndit u re s associat e d wit h t he
colle ct ion of a 7% hot e l/mot e l occu pancy t ax le v ie d by t he C it y of Be dford and au t horize d by t he St at e of
Te x as. The t ax is le v ie d on t he re nt al rat e for hot e l rooms in Be dford whe n t he room is occu pie d by t he
same t e nant for a pe riod of not more t han 30 day s. Fu nds ge ne rat e d by t he Hot e l Occu pancy Tax are
u se d t o promot e t ou rism, art s and cu lt u re , and hist oric pre se rv at ion.

Signi{ cant programs fu nde d by t he Tou rism Fu nd inclu de spe cial e v e nt s de signe d t o bring t ou rism t o
t he C it y of Be dford. Also inclu de d in t his fu nd are re sou rce s for t he ope rat ion and pre se rv at ion of t he Old
Be dford School and su pport of art s and cu lt u re in Be dford.

Street Im prov em ent E conom ic Dev elopm ent C orporation — In Nov e mbe r 1 9 9 7, t he cit ize ns of Be dford
approv e d an addit ional one -half of one pe rce nt sale s t ax for t he pu rpose of e conomic de v e lopme nt .
Spe ci{ cally, t he se fu nds are allocat e d t o st re e t and road improv e me nt s wit hin t he C it y of Be dford, along
wit h pay ing for t he maint e nance and ope rat ing e x pe nse s re lat e d t o t he proje ct s. The C it y of Be dford
St re e t Improv e me nt E conomic De v e lopme nt C orporat ion was su bse qu e nt ly forme d t o administ e r t he
fu nds prov ide d by t he addit ional sale s t ax re v e nu e .

Bu dge t e d re v e nu e for t he C orporat ion in FY 20 21 -20 22 is $3,31 0 ,0 0 0 and bu dge t e d e x pe ndit u re s t ot al
$2,237,580 . The se e x pe ndit u re s inclu de pre v e nt iv e maint e nance cont ract ing, su pplie s and capit al
e qu ipme nt . E x pe nse s for t he C orporat ion are approv e d by t he Board of Dire ct ors and re comme nde d t o
t he C it y C ou ncil for approv al.

Mis cellaneous Special R ev enue Funds

C ourt Security Fund — This fu nd accou nt s for monie s colle ct e d u nde r St at e St at u t e de signe d t o
prov ide se cu rit y for t he Mu nicipal C ou rt facilit ie s. The se fu nds are u se d spe ci{ cally t o pay for a port ion of
t he salary, be ne { t and ope rat ing cost s of t wo fu ll-t ime bailiff/warrant of{ ce rs in t he Mu nicipal C ou rt .

Truancy P rev ention & Div ers ion Fund — This fu nd accou nt s for monie s colle ct e d u nde r t he St at e
St at u t e for { nancing t he e x pe nse s of a ju v e nile case manage r, inclu ding salary, be ne { t s, t raining, t rav e l
e x pe nse s, of{ ce su pplie s, and ot he r ne ce ssary e x pe nse s. This fu nd was e st ablishe d du ring FY 20 1 9 -20 20 .

Municipal J ury Fund — This fu nd accou nt s for monie s colle ct e d u nde r t he St at e St at u t e t o fu nd ju ror
re imbu rse me nt s. This fu nd was e st ablishe d du ring FY 20 1 9 -20 20 .

C ourt Technology Fund — This fu nd is u se d for monie s colle ct e d u nde r St at e St at u t e de signe d t o
prov ide incre ase d t e chnology for t he Mu nicipal C ou rt facilit ie s. The se fu nds are u se d spe ci{ cally t o pay
for t he ope rat ing cost s of t he Mu nicipal C ou rt compu t e r sy st e ms, au dio-v ide o sy st e m in t he cou rt room,
and hand-he ld e le ct ronic t ick e t writ e rs u se d by t he Police De part me nt .

P ark Donations Fund — This fu nd is u se d for cont ribu t ions from cit ize ns de signat e d for park
improv e me nt s. Spe ci{ cally, t his donat ion is shown on u t ilit y bills, and cit ize ns may v olu nt arily inclu de t he
$0 .50 donat ion whe n mak ing t he ir u t ilit y bill pay me nt . Ty pically, fu nding is au t horize d for improv e me nt s
t o v ariou s park s.

Beauti{cation Fund — This fu nd accou nt s for re v e nu e and e x pe ndit u re s re lat e d t o v ariou s C it y -wide
be au t i{ cat ion programs propose d by t he C it y ’s Be au t i{ cat ion C ommission. Annu al re v e nu e of $1 0 ,0 0 0 is
colle ct e d v ia a grant from R e pu blic Se rv ice s, de signat e d spe ci{ cally for be au t i{ cat ion proje ct s wit hin t he
C it y.

C om m ercial Vehicle E nforcem ent Fund — This fu nd accou nt s for t he fe de ral { ne re v e nu e ge ne rat e d
from t he C omme rcial Ve hicle E nforce me nt program. U nt il t he fu nd re ache s se lf-su f{ cie ncy, it will also
re ce iv e a t ransfe r from t he Ge ne ral Fu nd. E x pe ndit u re s inclu de t he pe rsonne l and e qu ipme nt t o ope rat e
t he program. The program’s obje ct iv e is t o re du ce comme rcial mot or v e hicle accide nt s t hrou gh t he
e nforce me nt of Mot or C arrie r Safe t y R e gu lat ions and st at e laws re gu lat ing t he we ight of comme rcial
v e hicle s.

City of Bedford, TX | Budget Book 2022 Page 27