Page 152 - FY 2026-2027 Adopted Budget Book

Economic Development Fund
FY 2024 FY 2025 FY 2026 Amended FY 2026 FY 2027 Proposed %
Actuals Actuals Budget Projection Budget Change
Funds
Economic Development Fund
City Manager
Contractual Services
Contractual Services $202,599 $58,799 $105,000 $18,156 $0 -100%
Development Incentive $0 $300,000 $279,760 $365,527 $0 -100%
CONTRACTUAL SERVICES
TOTAL $202,599 $358,799 $384,760 $383,683 $0 -100%
CITY MANAGER TOTAL $202,599 $358,799 $384,760 $383,683 $0 -100%
ECONOMIC DEVELOPMENT
FUND TOTAL $202,599 $358,799 $384,760 $383,683 $0 -100%
FUNDS TOTAL $202,599 $358,799 $384,760 $383,683 $0 -100%

Itemized Budget Details

Funds Description Account Description Description FY 2027 Proposed Budget
General Fund Salaries $821,865
General Fund Incentive Pay $1,387
General Fund Cell Phone Allowance $3,960
General Fund Auto Allowance $15,600
General Fund Longevity $1,580
General Fund Medicare $12,306
General Fund State Unemployment Tax $1,197
General Fund Health Insurance $48,546
General Fund Health Savings Account (HSA) $2,000
General Fund Dental Insurance $2,447
General Fund Retiree Insurance $272
General Fund Life Insurance $675
General Fund Disability Insurance $2,856
General Fund Worker's Comp Insurance $1,487
General Fund Employee Assistance Program $154
General Fund TMRS $181,482
General Fund Retiree Health Savings Plan $1,000
General Fund Office Supplies $2,000
General Fund Uniforms and Wearing Apparel Logo wear for Bedford University $250
General Fund Uniforms and Wearing Apparel Logo wear for CMO $250
General Fund Business Meals Bedford University (CMO Night $600
$300 and Graduation $400)
CM/Mayor Lunches, CM-ACM
General Fund Business Meals Meetings, Executive Staff $1,500
Meetings, New Hire Orientations
General Fund Fleet Maintenance $200

General Fund Contractual Services Background checks - Bedford $500
University
One-Time FY27: Executive
General Fund Contractual Services Leadership Coaching $10,000
(Recommended Supplemental
Request)
Government Resource Associates,
General Fund Subscriptions and Publications $1,095
LLC (GRA)
General Fund Subscriptions and Publications Retail Lease Trac (RLT) $1,295
General Fund Software Demographics Analytics Software $1,300
General Fund Software Real Estate Database $9,270

FY 2026-2027 Adopted Budget Book · September 15, 2026 148