Page 429 - Bedford-FY25-26 Budget

Name FY2023 FY2024 FY2025 FY2025 FY2026 FY2025
Actual Actual Amended Projected Budgeted Amended
Budget Budget vs.
FY2026
Budgeted (%
Change)
INTEREST EXPENSE, LEASE PYMT $105,893 $63,138 $0 $0 $0 0%
DEBT PRINCIPAL $0 $691,684 $0 $0 $0 0%
OPERATING TRANSFERS $0 $0 $2,023,520 $2,023,520 $0 -100%
INTEREST EXPENSE $55,620 $49,311 $42,925 $42,925 $36,488 -15%
General Obligation Bonds, Series $0 $0 $0 $14,703 $12,489 N/A
2021
General Obligation Bonds, Series $0 $0 $0 $28,222 $23,999 N/A
2021A
PAYING AGENT FEES $0 $0 $0 $800 $800 N/A
DEBT PRINCIPAL $610,000 $615,000 $625,000 $625,000 $625,000 0%
General Obligation Bonds, Series $0 $0 $0 $215,000 $215,000 N/A
2021
General Obligation Bonds, Series $0 $0 $0 $410,000 $410,000 N/A
2021A
OPERATING TRANSFERS $286,010 $41,226 $38,790 $39,956 $34,011 -12.3%
Enterprise Replacement Program $0 $0 $0 $38,790 $31,665 N/A
Global Positioning Service (GPS) $0 $0 $0 $1,166 $2,346 N/A
Costs
INTEREST EXPENSE $1,304 $1,596 $0 $0 $0 0%
AMORTIZATION EXPENSE $20,250 $30,375 $0 $0 $0 0%
INTEREST EXPENSE $152,583 $142,267 $131,509 $131,509 $120,375 -8.5%
General Obligation Refunding & $0 $0 $0 $114,681 $106,056 N/A
Improvement Bonds, Series 2018
General Obligation Refunding
Bonds, Series 2020 $0 $0 $0 $16,828 $14,319 N/A
PAYING AGENT FEES $45 $50 $100 $193 $190 90%
DEBT PRINCIPAL $340,000 $355,000 $370,000 $370,000 $370,000 0%
General Obligation Refunding & $0 $0 $0 $170,000 $175,000 N/A
Improvement Bonds, Series 2018
General Obligation Refunding
Bonds, Series 2020 $0 $0 $0 $200,000 $195,000 N/A
AMORTIZATION EXPENSE $297 $0 $0 $0 $0 0%
OPERATING TRANSFERS $391,325 $380,565 $379,430 $379,780 $391,559 3.2%
Engineering Cost Allocation to $0 $0 $0 $74,435 $74,435 N/A
Water/Sewer Fund
Enterprise Replacement Program $0 $0 $0 $15,345 $18,900 N/A
Franchise Fee $0 $0 $0 $87,540 $100,980 N/A
Indirect Cost Allocation for General $0 $0 $0 $126,360 $126,360 N/A
Administrative Overhead
Payment in Lieu of Taxes to the $0 $0 $0 $75,750 $70,180 N/A
General Fund
Global Positioning Service (GPS)
Costs $0 $0 $0 $350 $704 N/A
Total Debt Service & Transfers: $1,963,327 $2,370,212 $3,611,274 $3,613,683 $1,578,423 -56.3%

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 429