Page 502 - Bedford-FY25-26 Budget

Debt Snapshot

The General Debt Service Fund is used for the accumulation of resources for payment of general long-term
debt principal and interest. Resources include an applicable portion of the ad valorem tax levy and related
interest income usable from debt service. Funding of the General Debt Service Fund is made on a
conservative basis of estimating the collectable portion of the tax levy. From this collectable portion, an
allocation of available funds is made between General Fund operating revenue and General Debt Service
Fund.

Debt that is supported by the utility systems or sales tax dedicated to Street Improvements are paid from
those funds with funding coming from the revenue of the water and sewer charges, stormwater fees, or
portion of sales tax dedicated to street improvements as applicable.

The State of Texas limits the ad valorem tax rate to $2.50 per $100 valuation, including the component for
debt service. The City of Bedford’s 2025-2026 tax rate of $0.526212 per $100 valuation falls well below this
limit.

The City currently has a bond rating of AA+ from S&P.

13,675,485

-$177,252 (-1.28% vs. 2025 year)

Debt by Type

Stormwater Bonds (3.6%)
Stormwater Bonds (3.6%)
Stormwater Bonds (3.6%)
4B Street Improvement Bonds (4.9%)
4B Street Improvement Bonds (4.9%)
4B Street Improvement Bonds (4.9%)

Water & Sewer Bonds (30.1%)
Water & Sewer Bonds (30.1%)
Water & Sewer Bonds (30.1%)

Governmental Bonds (61.5%)
Governmental Bonds (61.5%)
Governmental Bonds (61.5%)

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 502