Page 23 - Honorable Mayor and Members of the City Council

2018-19 ADOPTED BUDGET

During the review and subsequent adoption of the 2018-19 Budget, the Benbrook City Council and the City Staff
focused on meeting the challenges of: balancing the budget with minimal use of reserve funds, keeping reserves at or
above the specified level, maintaining the property tax rate at its current rate, compensating employees at a level
sufficient to remain competitive, continuing services to citizens and businesses with no reduction in quality or quantity,
and replacing and updating essential equipment.

BALANCING THE BUDGET

The 2018-19 Budget provides a balanced plan for municipal services from October 1, 2018 through September 30,
2019. Operating Fund (combined General Fund and Debt Service Fund) expenditures included in the 2018-19 Budget
total $20,307,919. General Fund expenditures total $19,334,179 and Debt Service Fund expenditures total $973,740.
Operating Fund (combined General Fund and Debt Service Fund) revenues total $20,820,558. General Fund revenues
total $20,133,765 and Debt Service Fund revenues total $686,793. The transfer of $504,744 is scheduled from the
Stormwater Utility Fund to the Debt Service Fund. The transfer of $750,000 is scheduled for transfer from General
Fund reserves to the Capital Asset Replacement Fund and Capital Facilities Fund. The transfer of $100,000 is scheduled
from the Road Damage Fund to the General Fund to finance street repairs for roadways damaged by natural gas utility
truck traffic. The use of $920,000 in unrestricted General Fund reserves is scheduled to replace and to upgrade the Fire
Department’s communications system. Approximately $552,617 in reserve funds is required to balance the Budget.

USE OF RESERVES

For the 2018-19 Budget, the Benbrook City Council established $8,000,000 as the ideal minimum reserve total for the
combined operating funds (General Fund and Debt Service Fund). In 2018-19, the Council expects to meet this
challenge and still be able to increase employee benefits, enhance services to the public, and maintain the current
property tax rate - without significantly impacting the City's superb financial condition. The Operating Funds Budget
for 2018-19 includes the use of $1,670,000 in General Fund reserves; the Operating Funds fund balance is projected to
decrease from $8,957,555 to $8,404,938.

The 2018-19 Budget reflects the use of $1,670,000 from General Fund reserves. The transfer of $500,000 is scheduled
from the General Fund to the Capital Asset Replacement Fund to purchase capital outlay items in the current year and
in the future. An additional $250,000 in General Fund Reserves is scheduled for the Capital Facilities Account to finance

CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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