Page 99 - Bedford-FY25-26 Budget

This special revenue fund is used to account for the 1% fee that is collected along with
the cable franchise fee. Expenditures from this fund are limited through federal law to
capital costs for public, educational, governmental (PEG) programming facilities.

In December 2012, Time Warner Cable terminated its local franchise with the City of
Bedford and opted into statewide franchising in accordance with the adoption of SB
Public
1087 in the 2011 legislature. SB 1087 allowed each local incumbent cable franchisee to
terminate all of its local franchises in cities of less than 215,000, if done so by
Educational
December 31, 2011. This is also in compliance with the SB 5 from the 2005 legislature
Governmental
which transferred cable franchising authority to the Public Utility Commission. Also, in
(PEG) Fund
accordance with SB 1087, a municipality must set up a separate PEG fund at the time
of franchise termination to collect and account for the public, educational, and
governmental (PEG) fee which goes into effect at the time of termination. The PEG
fee is an additional 1% of gross revenue and can only be spent on capital items for the
local access channel as described by federal law. The PEG fee is also required of AT&T,
as well as any future cable provider that may choose to provide service in Bedford.

Summary
City of Bedford, TX is projecting $60K of revenue in FY2026, which represents a 35.9% decrease over the prior year. Budgeted
expenditures are projected to increase by 73.1% or $59.02K to $139.76K in FY2026.

$150K

$100K

Actual Revenue Source
$50K Budgeted Revenue Source
Actual Expenditures
Budgeted Expenditures

$0
FY2023 FY2024 FY2025 FY2026

Public Educational Governmental (PEG) Fund Comprehensive Summary

Name FY2023 Actual FY2024 Actual FY2025 Amended Budget FY2025 Projected FY2026 Budgeted
Beginning Fund Balance: $575,152 $547,595 $545,410 $545,410 $524,973
Revenues
Franchise Fees $60,495 $45,558 $70,000 $38,425 $40,000
Miscellaneous Income $21,218 $27,953 $23,646 $21,808 $20,000

Total Revenues: $81,713 $73,510 $93,646 $60,233 $60,000

Expenditures

City of Bedford, TX | Proposed Budget FY 2025-2026 Page 99