Page 238 - City of Arlington FY19 Adopted Operating Budget

Other Budget Information

General Gas Fund
FY 2019 Operating Position

The City has established three funds to receive revenuesfrom natural gas operations that do not
go to the Arlington Tomorrow Foundation (ATF). The ATF has reached its capped corpus amount
of $100 million; therefore, these three funds receive all lease bonus and royalty revenues
associated with natural gas operations. The policies and procedures concerning expenditures by,
and transfers to and from, the General Gas Fund 3095 are outlined below.

In 2016, a total of $50 million from the ATF corpus was transferred to the Innovation/Venture
Capital Fund to support the development of “Texas Live” adjacent to the new Ballpark for the
Texas Rangers. The ATF corpus will be recapitalized to the $100 million level through future
contributions from the gas funds.

The General Gas Fund receives revenues that are not specifically designated for the Parks or
Airport Gas Funds. Within this fund, a total of four accounting units are available from which
expenditures may be authorized, including:

910102 ‐ Neighborhood Grants, with an amount designated for expenditure
910105 ‐ Redevelopment Initiatives
910106 ‐ Land Banking, with an amount designated for expenditure
910107 ‐ Arlington Home Improvement Incentive Program

Periodically, fiscal conditions may necessitate transfersfrom the General Gas Fund to the
General Fund to offset revenue shortfalls or to cover one‐time costs. All proposed interfund
transfers involving gas funds will require approval by the City Manager's Officer prior to
implementation.

Beginning balance, available cash $ 4,191,327

Transfer of royalties from Water Utilites Fund 2,143,470

Total available resources $ 6,334,797

Less:
Reserved for increase/decrease in investment value $ 11,919
Designated for Neighborhood Grants 150,000
Designated for Land Banking 524,776
Remaining reserve for Lamar/Collins Overlay 600,000
Transfer to CES Fund for ATF corpus reimbursement 2,846,838
Transfer to General Fund for one‐time costs in FY 2019 1,081,285
Transfer to Fleet Fund for one‐time costs in FY 2019 525,000
Arlington Home Improvement Incentive Program 84,242
Reserved for Fielder Plaza, one installment 450,000
Deferred revenue, lease bonuses ‐
Total commitments, reserves and transfers $ 6,274,060

Remaining available resources $ 60,737

2019 Adopted Budget and Business Plan 223 City of Arlington, Texas