Page 54 - Bedford-FY25-26 Budget

The General Fund functions as the primary operating fund for the City of Bedford. It is
a governmental fund and considered a major fund. It is used to account for resources
traditionally associated with governments, which are not required to be accounted
for in another fund. Several revenue sources support expenditures in this fund
including ad valorem tax, sales tax, franchise taxes, charges for service, licenses,
General Fund
permits, and other miscellaneous categories of revenue. The General Fund accounts
for such functions as general government, administrative services, police, re, public
works, planning and community development, and parks and community services.

Summary

City of Bedford, TX is projecting $49.59M of revenue in FY2026, which represents a 5.0% increase over the prior year.
Budgeted expenditures are projected to increase by 1.4% or $678.74K to $50.42M in FY2026.

Ongoing revenues remain above ongoing expenditures, with a budgeted draw down of reserves for one-time capital
purchases.
The fund balance remains above policy reserve levels and is in line with best practices.

$60M

$50M

$40M

$30M
Actual Revenue Source
$20M Budgeted Revenue Source
Actual Expenditures
Budgeted Expenditures
$10M

$0
FY2023 FY2024 FY2025 FY2026

General Fund Comprehensive Summary

Name FY2023 Actual FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted
Beginning Fund Balance: $8,436,311 $11,720,695 $12,649,100 $12,649,100 $19,091,642
Revenues
Property Taxes $19,908,443 $20,158,617 $21,789,504 $21,658,077 $23,203,955
Sales Taxes $11,957,598 $12,222,025 $12,859,114 $12,540,018 $12,750,340
Other Taxes $247,236 $202,765 $225,000 $222,280 $206,000
Franchise Fees $2,843,695 $2,871,114 $2,873,000 $2,808,975 $2,853,000
Licenses And Permits $1,097,629 $1,805,706 $1,080,890 $1,470,667 $1,544,950
Fines & Forfeitures $1,413,990 $1,278,054 $1,330,500 $1,095,352 $1,344,000
Charges For Services $2,497,901 $3,071,034 $2,522,440 $3,006,444 $2,995,315

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 54