Page 27 - Bedford-FY25-26 Budget

Special Revenue Funds
In November 1997, the citizens of Bedford approved an
Street Improvement Economic Development Corporation —
additional one-half of one percent sales tax for the purpose of economic development. Speci cally, these funds are
allocated to street and road improvements within the City of Bedford, along with paying for the maintenance and
operating expenses related to the projects. The City of Bedford Street Improvement Economic Development Corporation
was subsequently formed to administer the funds provided by the additional sales tax revenue.
Budgeted revenue for the Corporation in FY 2025-2026 is $4,443,000 and budgeted expenditures total $6,074,275. These
expenditures include preventive maintenance contracting, supplies and capital projects. Expenditures also includes one-
time use of fund balance for a sidewalk condition survey, a pavement condition survey, traf c camera display and shifting
Gregory Addition construction from FY 2024-2025 to FY 2025-2026. Expenses for the Corporation are approved by the
Board of Directors and recommended to the City Council for approval.

— This fund is used in conjunction with the City of Bedford Economic Development
Economic Development Fund
Policy and Program and the City of Bedford Retail Center Revitalization Program (RCR). This fund receives an annual
transfer of $50,000 to be used by the City Council for incentives and payments related to approved Economic
Development agreements. Funding is authorized in the proposed budget for a revitalization study and economic
development incentive grants.

Tourism Fund
hotel/motel occupancy tax levied by the City of Bedford and authorized by the State of Texas. The tax is levied on the
rental rate for hotel rooms in Bedford when the room is occupied by the same tenant for a period of not more than 30
days. Funds generated by the Hotel Occupancy Tax are used to promote tourism, arts and culture, and historic
preservation.

Signi cant programs funded by the Tourism Fund include special events designed to bring tourism to the City of
Bedford. Also included in this fund are resources to support of arts and culture in Bedford.

— In 2011, the legislature passed SB 1087 allowing each local
PEG (Public, Educational and Governmental) Fund
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.

th legislative session and accounts for monies
Court Security & Technology Fund
collected under State Statute designed to provide increased technology or security for the Municipal Court facilities.
These funds are used speci cally to pay for a portion of the salary, bene t and operating costs of a full-time bailiff/warrant
of cer in the Municipal Court or for computer systems, audio-visual system in the courtroom, and hand-held electronic
ticket writers used by the Police Department.

This fund accounts for monies collected under the State Statute for nancing the
Local Youth Diversion Fund —
expenses of a juvenile case manager, including salary, bene ts, training, travel expenses, of ce supplies, and other
necessary expenses. This fund was established during FY 2019-2020.
Municipal Jury Fund — This fund accounts for monies collected under the State Statute to fund juror reimbursements.
This fund was established during FY 2019-2020.
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.

This fund was created to account for seized funds that are ultimately awarded to the Police
Drug Enforcement Fund –
Department. Expenditures are regulated by Federal and State statutes.

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 27