Page 582 - Bedford-FY25-26 Budget

Revenue: Funds that the government receives as income.

Revenue Anticipation Note (RAN):
RANs are full faith and credit obligations.
Revenue Bond: A bond payable from and secured solely by speci c revenues and thereby not a full faith and credit obligation.

Revolving Fund: Allows a community to raise revenues from a speci c service and use those revenues without appropriation to
support the service.
Fund: A fund whose revenue source(s) is restricted or committed to a speci c purpose other than capital
Special Revenue
projects or debt service. Usually has one or more revenue resources that is not a transfer from another fund. For example, the
Tourism Fund is a special revenue fund that is primarily nanced by hotel occupancy taxes. Revenue from this fund is used to
nance the ongoing operations of several tourism-related facilities and special events.
Surplus Revenue: The amount by which cash, accounts receivable, and other assets exceed liabilities and reserves.

Tax Rate:
Taxes: Compulsory charges levied by a government for the purpose of nancing services performed for the common bene t.

Valuation: The legal requirement that a community’s assessed value on property must re ect its market, or full and fair cash
value.

Capital: The measurement of the operating liquidity of a proprietary fund by subtracting the current liabilities from
Working
the current assets.

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 582