Page 21 - Honorable Mayor and Members of the City Council
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FUND/DEPARTMENT RELATIONSHIPS
Debt Service Fund expenditures are restricted for payment from property taxes, Debt Service Fund reserves, and
transfers from the Stormwater Utility Fund. Expenditures are principal, interest, and agent fees for general obligation
bonds issued in 2002 and re-financed in 2011, issued in 2004 and re-financed in 2013, and issued in 2005.
The General Fund’s 2018-19 Budget includes the payment of current ad valorem taxes for property located within the
Tax Increment Financing (TIF) area to the TIF Fund. The General Fund 2018-19 Budget includes the transfer of General
Fund reserves to: (1) the Capital Asset Replacement Account to finance capital outlays for the current year and for
future years through this special expense account, (2) the recently-created Capital Facilities Account in the Capital
Projects Fund to finance special projects, and (3) Animal Shelter Account in the Capital Projects Fund to set aside funds
for future construction of this facility.
CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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