Page 359 - Bedford-FY25-26 Budget

Name FY2023 FY2024 FY2025 FY2025 FY2026 FY2025
Actual Actual Amended Projected Budgeted Amended
Budget Budget vs.
FY2026
Budgeted (%
Change)
Combination Tax & Revenue
Certificates of Obligation, Series $0 $0 $0 $225,000 $230,000 N/A
2012A
Combination Tax & Revenue
Certificates of Obligation, Series $0 $0 $0 $815,000 $840,000 N/A
2015
Combination Tax & Revenue
Certificates of Obligation, Series $0 $0 $0 $545,000 $550,000 N/A
2017
General Obligation Refunding & $0 $0 $0 $305,000 $320,000 N/A
Improvement Bonds, Series 2018
General Obligation Refunding & $0 $0 $0 $120,000 $125,000 N/A
Improvement Bonds, Series 2019
Combination Tax & Revenue
Certificates of Obligation, Series $0 $0 $0 $170,000 $175,000 N/A
2019
General Obligation Refunding $0 $0 $0 $280,000 $280,000 N/A
Bonds, Series 2020
Combination Tax & Revenue
Certificates of Obligation, Series $0 $0 $0 $45,000 $45,000 N/A
2023
Combination Tax & Revenue
Certificates of Obligation, Series $0 $0 $0 $70,000 $70,000 N/A
2024
AMORTIZATION EXPENSE $45,538 $39,512 $0 $0 $0 0%
OPERATING TRANSFERS $2,743,760 $2,743,760 $2,743,760 $2,743,760 $2,911,685 6.1%
Franchise Fee to the General
Fund - Utilities $0 $0 $0 $1,217,270 $1,398,060 N/A
Indirect Cost Allocation to General $0 $0 $0 $948,750 $948,750 N/A
Fund (Net of Engineering)
Payment in Lieu of Taxes to the $0 $0 $0 $577,740 $564,875 N/A
General Fund
Total Debt Service & Transfers: $8,991,512 $9,293,218 $8,688,684 $8,700,694 $7,286,308 -16.1%

Total Non Departmental: $10,786,172 $10,676,025 $10,233,226 $10,266,139 $9,066,830 -11.4%

Municipal Court
Personnel Services
SALARIES $317,287 $331,113 $351,982 $351,785 $358,670 1.9%
SALARIES, INCENTIVE PAY $4,850 $6,300 $6,300 $6,300 $6,300 0%
SALARIES, CELL PHONE $375 $600 $600 $600 $600 0%
ALLOWANCE
LONGEVITY $469 $4,015 $4,210 $4,195 $4,390 4.3%
OVERTIME $347 $299 $1,339 $400 $376 -71.9%
HOSPITALIZATION & LIFE $531 $530 $734 $550 $559 -23.8%
INSURANCE, LIFE INSURANCE
HOSPITALIZATION & LIFE $2,495 $2,680 $3,074 $2,955 $3,074 0%
INSURANCE, DENTAL INSURANCE

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 359