Page 27 - Bedford-FY24-25 Budget

Fund — In 2011, the legislature passed SB 1087 allowing each
PEG (Public , Educational and Governmental)
local incumbent cable franchisee to terminate all its local franchises in cities of less than 215,000, if completed
by December 31, 2011. This action is also in compliance with SB 5 of the 2005 legislature, which transferred cable
franchising authority to the Public Utility Commission. Time Warner Cable exercised their option to terminate
its local franchise with the City of Bedford and opted into statewide franchising. In accordance with SB 1087, a
municipality must set up a separate PEG fund at the time of franchise termination to collect and account for
the PEG fee, which goes into effect at the time of termination. The PEG fee is an additional 1% of gross revenue
and can only be spent on capital items for the local access channel as described by federal law. The PEG fee is
also required of AT&T, as well as any future cable provider that may choose to provide service in Bedford.

– This fund is used to account for deposits and expenditures related to library
Librar y Technology Fund
technology items. It is funded by an operating transfer from the General Fund.

SWAT Netcast Fund – The Police Department, along with the cities of Hurst, Euless, and Grapevine, combine
resources, manpower, administrative tasks and equipment to form a regionalized SWAT team known as the
Northeast Tarrant County Area SWAT Team. This fund was created in FY 2017-2018 to account for the revenues
and expenditures. Each agency participates equally toward the cost.

Public Safety Training Fund – This fund is used to account for monies received from the Texas Comptroller of
Public Accounts in accordance with Occupations Code, Chapter 1701. These funds are available for use to
enhance personnel development and departmental ef ciencies through education and training of full-time
peace of cers, and for full-time civilian personnel as authorized through the Chief of Police.

Tree Preser vation Fund - This fund was created by ordinance in July 2023. Revenues collected will be used for
purchasing and planting trees on private property approved by the City Manager, on public property, for
acquiring wooded property which shall remain in a naturalistic state in perpetuity, for establishing a landscape
or wildlife preserve or similar nature area as approved by the City Council, or for educating the public on the
aesthetic and health bene ts of conservation and environmental preservation.

Maintenance Funds

Various funds were established for speci c maintenance purposes. Monies are deposited each scal year in
order to accumulate funding for capital equipment and large, infrequently occurring maintenance projects.
These funds include:
Aquatics Maintenance Fund — This fund is used to account for deposits and expenditures related to the
maintenance of the City's aquatic facilities at both the Roy Savage Pool at Central Park and the indoor and
outdoor aquatics at The Center at Generations Park.
Facility Maintenance & Repair Fund — This fund is used to account for deposits and expenditures related
to the maintenance and minor equipment of all City facilities.
Equipment Replacement Fund — This fund is used to account for deposits and expenditures related to
the replacement of capital equipment, including trucks, cars, ambulances, construction equipment, etc.
This fund also receives a transfer from the General Fund, Waterworks Utility Fund, Stormwater Fund and
Street Improvement Economic Development Corporation Fund to cover the expense of the leases for the
Enterprise Vehicle Replacement program. A large one-time transfer is in the FY 2024-2025 budget to build
up reserves for future vehicle purchases.
Water Fund - Vehicle Replacement — This fund is used to account for deposits and expenditures related
to the replacement of capital equipment, including trucks, construction equipment, etc. for the
Waterworks Utility Fund.
Fund — This fund is used to account for deposits and expenditures related to
Computer Replacement
the replacement of computers, printers, software, communications equipment, and any other items
necessary to ef ciently operate the City’s communications and technology network. An additional one-
time transfer is included in the FY 2024-2025 budget to fund a replacement program.
Fund — This fund is used to account for deposits and expenditures related to the
Librar y Maintenance
long-term maintenance of the Bedford Public Library.
— This fund is used to account for deposits and expenditures related to the
Parks Maintenance Fund
long-term maintenance of the City park system.

City of Bedford, TX | Adopted Budget FY 2024-2025 Page 27