Page 75 - City of Bedford FY22 Budget

In No v em ber 19 9 7, B edf o r d v o t er s appr o v ed a hal f -cent s al es t ax f o r t he pur po s e o f
m ai nt enance and i m pr o v em ent s o f t he s t r eet net wo r k. F o l l o wi ng appr o v al o f t he t ax
Edc -4B Street l ev y , t he B edf o r d S t r eet Im pr o v em ent Eco no m i c D ev el o pm ent Co r po rat i o n ( S IED C)
Improvement was cr eat ed t o di r ect and aut ho r i ze al l expendi t ur es , wi t h t he Ci t y Co unci l hav i ng
{ nal appr o v al . The Co unci l appo i nt ed a co r po rat i o n t hat i s co m po s ed o f ci t i zens and
el ect ed o f { ci al t o o v er s ee t he { nanci al expendi t ur es , s t r eet net wo r k m ai nt enance and
i m pr o v em ent s . The s t r eet net wo r k i s co m pr i s ed o f t he r o adway , cur b and g ut t er ,
s i dewal ks , t raf { c s i g nal s , l ane and i nt er s ect i o n m ar ki ng s , and s t r eet s i g ns .
Summary

The Ci t y o f B edf o r d i s pr o j ect i ng $ 3.31M o f r ev enue i n F Y2022, whi ch r epr es ent s a 12.4% i ncr eas e o v er t he pr i o r y ear .
B udg et ed expendi t ur es ar e pr o j ect ed t o decr eas e by 47.3% o r $ 1.78M t o $ 1.9 9 M i n F Y2022.

$6M

$5 M

$4M

$3 M
Actual R evenue S o urce
Budgeted R evenue S o urce
$2 M
Over Budget R evenue S o urce
Actual Ex penditures
$1M
Budgeted Ex penditures
$0
F Y 2 016 F Y 2 017 F Y 2 018 F Y 2 019 F Y 2 02 0 F Y 2 02 1 F Y 2 02 2

City of Bedford, TX | Budget Book 2022 Page 75