Page 493 - Bedford-FY25-26 Budget

Capital Improvements: One-year Plan

The City of Bedford Capital Improvement Program (CIP) is a process by which the City develops a plan for major
capital expenditures. CIP projects include improvements that are relatively expensive, non-recurring, have a
multi-year useful life, and result in capital assets. For example, the construction and acquisition of new
buildings; additions or renovations to existing buildings; construction and reconstruction of streets;
improvements to water, sanitary sewer, and drainage; and purchases of land and major equipment. Due to the
nature and total cost of most of the City’s CIP, General Obligation and Revenue Bonds and Certi cates of
Obligation are major sources of funding.

Departments submit their requests for projects annually during the budget process. City Management
reviews the requests and determines what will be included for funding in the proposed budget. The City
Council makes the nal determination on which projects will be included in the budget based on available
funding. Projects are reviewed based on need, priority from a study (if relevant) and funding availability.
Projects that are requested but unable to be included in the budget show a funding source of "unfunded,"
indicating their status, but leaving the need known in case funding becomes available in the current scal year.

Total Capital Requested

15,645,543

12 Capital Improvement Projects

Total Funding Requested by Department Total Funding Requested by Source

Facilities Maintenance (1%) $118,714.00
Fire (1%) $181,667.00 American Rescue Plan Act (ARPA) Interest (1%) $118,714.00
Parks (0%) $61,037.00 Certi cate of Obligation - Series 2015 (16%) $2,535,617.00
Police (5%) $838,980.00 Certi cate of Obligation - Series 2024 (23%) $3,618,976.50
Public Works (92%) $14,445,145.00 Future Debt Issuance (9%) $1,400,000.00
General Fund (0%) $-24,000.0000
TOTAL $15,645,543.00
GO Bond - Series 2018 (5%) $850,000.00
GO Bonds - Series 2014 (0%) $31,166.00
Other (22%) $3,413,309.50
Phase Next Bond Funding (0%) $29,871.00
SIEDC - 4B Fund (18%) $2,808,216.00
Unfunded (5%) $838,980.00
Water & Sewer Repair Fund (0%) $24,693.00
TOTAL $15,645,543.00

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 493