Page 187 - FY 2026-2027 Adopted Budget Book

Finance

Brady Olsen, Chief Financial Officer

Finance provides the financial stewardship, judicial administration, procurement, and utility customer services
that enable every City department to operate effectively while ensuring public resources are managed
responsibly. The department promotes transparency, accountability, and operational excellence by delivering
accurate financial information, maintaining strong internal controls, complying with applicable federal and state
laws, and providing responsive customer service to residents, businesses, and internal departments. These
services support City Council decision-making and reinforce public confidence in the City's management of
taxpayer and utility resources.

The department consists of four divisions:

Finance
The Finance Division strives to be the standard of excellence in the development and implementation of
innovative programs and processes. The Finance Division is responsible for the oversight and management of
the City's assets. Moreover, Finance is primarily responsible for ensuring proper stewardship of the City's
financial resources by properly classifying and accounting for every dollar the City collects and spends. The
areas of responsibility that fall under the Finance Department include: financial reporting, budgeting, banking,
cash and investment management, debt management, capital financing, accounting, purchasing, accounts
payable, general and fire payrolls, ambulance billing, accounts receivable, revenue monitoring, utility
payments, billing, and municipal court.

In addition, this Division is responsible for coordinating the annual budget process, annual audit process and
preparing the Comprehensive Annual Financial Report, as well as supporting schedules. Finance also
manages the City-wide Purchase Card program and accurately reports financial statement information. The
citizens of Bedford can rely on Finance to accurately manage, disclose, and safeguard the City's financial
assets.

Municipal Court
The Municipal Court is a court of record that has jurisdiction within the City of Bedford's territorial limits over all
Class C misdemeanor cases brought under City ordinances and the Texas State Statutes. The mission of the
Bedford Municipal Court is to provide the City of Bedford with adjudication of Class C misdemeanor criminal
laws within the City limits and warrant issuance/collection services. The Municipal Court has the responsibility
to remain educated and informed on all laws that pertain to the Municipal Courts of Texas and the impact that
those laws will have on the City of Bedford and Court functions. This Division processes all documentation in
accordance with State law and judicial procedures. This includes: payment of fines, distribution of court costs
into mandated State accounts and City of Bedford accounts, daily cash reconciliation, defendant
correspondence, citation entry/import, preparation and issuance of all Class C misdemeanor alias and capias
warrants, filing of citizen complaints, scheduling of trial/court/attorney dockets, processing of cash and surety
bonds, forfeiting of cash bonds, time pay and show cause hearings, expunction hearings, aggressive /
dangerous animal hearings, property hearings, issuance of subpoenas and summons, and filing of attorney
motions. The Municipal Court is also responsible for all court case record requests, discovery requests, and
judicial open record requests.

FY 2026-2027 Adopted Budget Book · September 15, 2026 183