Page 28 - Town of Bedford FY 2018-2019 Budget.pdf

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¾ Transfer Fees – Transfer of ownership fee on sale of property.
¾ Zoning & Use Permits - A special use permit allows a landowner to obtain a tract of land for
a use that does not fall directly under the permitted usage for that specifically zoned area.
¾ Sign Permits – A sign permit provides legal permission to post any publicly displayed information
that is presented in the form of words, symbols and/or pictures and is designed to advertise a
business.
¾ Solicitor Permits – A required permit allowing a solicitor/hawker/peddler permission to go from
home to home, on Town streets or sidewalks, or other public places within the Town limits to
sell or solicit orders for goods.
¾ Plat Fees - A fee charged for obtaining a map or chart of a lot, subdivision or community
showing boundary lines, buildings, improvements on the land, and easements.
¾ Loudspeaker Permits – A permit providing permission to have any type of music or speech that
is amplified within Town limits.

Fines & Forfeitures
¾ Court Fines & Forfeitures - A fine or mulct that a court of law or other authority decides has to
be paid as punishment for a crime or other offence. The amount of the fine is determined case
by case.
¾ Parking Fines – A fine imposed on a vehicle operator which requires a payment of a sum of
money because of parking a vehicle somewhere illegally.
¾ E-Summons Fees – An additional court fee of $5.00 charged on traffic or criminal offenses within
the Town to help pay for an electronic ticketing system for police.

Revenue from Use of Money & Property
¾ Interest on Investments - Investment income coming from interest payments and dividends
collected upon the sale of a security or other assets, and any other profit made through
investment vehicles.
¾ Interest on Cemetery A/C – Interest income on the restricted Cemetery Perpetual Care
Investment Fund.
¾ Interest on Reynolds Park Fund - Interest income on the Reynolds Park Memorial Investment
Fund.
¾ Rental – General Property – Income resulting from renting the Middle School Property to
Bedford County School System.
¾ Rental – Leased Property – Income resulting from the lease of towers located within the Town
to communication companies.

Charges for Services
¾ Police-Finger Printing Fees – Fees collected on processing fingerprint cards.

Miscellaneous Revenue
¾ Revenue Sharing Agreement – Revenue collected from shared agreements with other localities.

OTHER

Use of Prior Year Reserves: The cash balance carried over from the previous fiscal year to cover
expenditures in the current fiscal year.

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