Page 146 - Bedford-FY25-26 Budget

This fund was created in FY 2020-2021 to account for the Tax Reinvestment Zone. The
City participates in the zone at 75% of the incremental value, both Tarrant County and
Tax Increment
Tarrant County College District participate at 50% of the incremental value. This fund
Financing
accounts for the revenues and expenditures associated with the zone. As this fund is
new and the Zone was only recently created, there are no expenses in this fund at this
(TIF) Fund
time.
Summary

City of Bedford, TX is projecting $110.45K of revenue in FY2026, which represents a 2.7% increase over the prior year.
Budgeted expenditures are projected to remain at $0 in FY2026.

$125K

$100K

$75K

$50K Actual Revenue Source
Budgeted Revenue Source
Actual Expenditures
$25K
Budgeted Expenditures
$0
FY2023 FY2024 FY2025 FY2026

Tax Increment Financing (TIF) Fund Comprehensive Summary

Name FY2023 Actual FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted
Beginning Fund Balance: $0 $80,120 $196,643 $196,643 $263,751
Revenues
Property Taxes $79,204 $110,710 $110,000 $58,945 $102,946
Miscellaneous Income $916 $5,814 $3,470 $8,163 $7,500

Total Revenues: $80,120 $116,524 $113,470 $67,108 $110,446

Total Revenues Less Expenditures: $80,120 $116,524 $113,470 $67,108 $110,446
Ending Fund Balance: $80,120 $196,643 $310,113 $263,751 $374,197

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 146