Page 61 - Bedford-FY25-26 Budget

This governmental fund is used to account for the accumulation of resources for the
Interest &
payment of general long-term debt principal, interest, and related costs from the
taxes levied by the City. Bonds used by a government to nance major construction
Sinking Fund
projects, to be paid by tax levies over a period of years, require a debt service fund to
(Debt Service)
account for their repayment.
Fund

Summary
City of Bedford, TX is projecting $8.39M of revenue in FY2026, which represents a 1.9% increase over the prior year. Budgeted
expenditures are projected to decrease by 2.1% or $181.44K to $8.43M in FY2026.

$10M

$7.5M

$5M
Actual Revenue Source
Budgeted Revenue Source
Actual Expenditures
$2.5M
Budgeted Expenditures
$0
FY2023 FY2024 FY2025 FY2026

Interest & Sinking Fund (Debt Service) Fund Comprehensive Summary

Name FY2023 Actual FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted
Beginning Fund Balance: $1,557,823 $775,845 $513,958 $513,958 $143,616
Revenues
Property Taxes $5,807,674 $7,638,186 $8,154,515 $8,149,365 $8,324,654
Miscellaneous Income $77,949 $84,190 $86,261 $76,000 $70,000

Total Revenues: $5,885,623 $7,722,376 $8,240,776 $8,225,365 $8,394,654

Expenditures
Contractual Services $25,052 $7,708 $25,000 $14,367 $13,130
Debt Service & Transfers $6,642,548 $7,976,555 $8,581,530 $8,581,340 $8,411,962

Total Expenditures: $6,667,600 $7,984,264 $8,606,530 $8,595,707 $8,425,092
Total Revenues Less Expenditures: -$781,978 -$261,887 -$365,754 -$370,342 -$30,438
Ending Fund Balance: $775,845 $513,958 $148,204 $143,616 $113,178

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 61