Page 79 - Bedford-FY25-26 Budget

In November 1997, Bedford voters approved a half-cent sales tax for the purpose of
maintenance and improvements of the street network. Following approval of the tax
SIEDC - 4B
levy, the Bedford Street Improvement Economic Development Corporation (SIEDC)
was created to direct and authorize all expenditures, with the City Council having nal
Street
approval. The Council appointed a corporation that is composed of citizens and
Improvement
elected of cial to oversee the nancial expenditures, street network maintenance and
Fund
improvements. The street network is comprised of the roadway, curb and gutter,
sidewalks, traf c signals, lane and intersection markings, and street signs.
Summary
City of Bedford, TX is projecting $4.44M of revenue in FY2026, which represents a 1.3% decrease over the prior year. Budgeted
expenditures are projected to increase by 2.7% or $160.7K to $6.07M 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.

$8M

$6M

$4M
Actual Revenue Source
Budgeted Revenue Source
Actual Expenditures
$2M
Budgeted Expenditures

$0
FY2023 FY2024 FY2025 FY2026

SIEDC - 4B Street Improvement Fund Comprehensive Summary

Name FY2023 Actual FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted
Beginning Fund Balance: $4,904,332 $5,145,125 $5,943,652 $5,943,652 $6,728,276
Revenues
Sales Taxes $3,975,292 $4,086,711 $4,306,038 $4,183,878 $4,268,000
Miscellaneous Income $181,738 $236,494 $196,861 $274,720 $175,000
Other Governmental $0 $0 $0 $51,557 $0
Total Revenues: $4,157,030 $4,323,205 $4,502,899 $4,510,155 $4,443,000

Expenditures
Contractual Services $2,514,389 $1,911,247 $2,176,380 $2,153,482 $2,214,190
Supplies $37,327 $39,936 $41,008 $31,185 $79,900
Maintenance $160,264 $130,865 $139,470 $103,930 $247,670
Debt Service & Transfers $951,630 $705,537 $706,715 $708,681 $696,299

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 79