Page 257 - Bedford-FY24-25 Budget

FY 2023-2024 Highlights

Maintained the City's Bond Rating of AA+.
Finalized the sale of the Campus West Property. This property has been tax-exempt for more than 30 years. This sale adds
the property back to the tax rolls and will bring new commercial and residential development to that area.
The City's 4thFest grew to approximately 10,000 attendees. This is the City's second-largest event, preceded by Beats and
Eats.
Partnered with Midway Development Group, LLC on the Bedford Commons project.
Goals

Economic Vitality
Continue to focus on growing the commercial base within the City.
Create and host a Bedford Signature Event.
Organizational Excellence
Lead the organization in achieving and implementing Council's priorities.
Ensure scal responsibility through budget monitoring and timely reporting.
Encourage employees to participate in professional organizations for professional growth in serving the citizens of
Bedford.
Communicate & Engage with Citizens
Create and implement a Citizen's Academy.

Expenditures Summary

A1,078,982 $28,601
(2.72% vs. prior year)

City Manager Historical Actual vs. Budget
1,250k

1,000k

750k

500k

250k

0
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Actual Budgeted

City of Bedford, TX | Adopted Budget FY 2024-2025 Page 257