Page 305 - Honorable Mayor and Members of the City Council

RELATIONSHIPS WITH OTHER ENTITIES

In the course of its responsibilities for municipal governance, the City of Benbrook interacts with several public and
quasi-public entities in various financial and non-financial relationships. Although not directly a part of the City's
operations, these entities represent a significant environmental factor within Benbrook. The relationships are
described in the Budget Document to facilitate the reader's understanding of the City's operational framework.

TARRANT APPRAISAL DISTRICT

The Legislature of the State of Texas has established one agency within each county to be responsible for appraising
property values within the county. The Tarrant Appraisal District (TAD) provides this service to the taxing entities
within Tarrant County. TAD is also responsible for maintaining accurate records on ownership, applicable taxing
entities, and their exemptions. Any changes to the City of Benbrook tax rolls are forwarded to the City from TAD
monthly to update City files. On approximately July 25 of each year, TAD provides a final appraisal roll of taxable
property within the taxing jurisdiction of the City of Benbrook as of the prior January 1. Based on this information, the
City Council sets an ad valorem tax rate and establishes any exemption policies that are within its statutory authority
to do so for the fiscal year beginning October 1.

TEXAS MUNICIPAL RETIREMENT SYSTEM

Membership in the Texas Municipal Retirement System (TMRS) is a condition of employment for all full-time City
employees. Members contribute seven percent of their gross earnings; prior to January 1, 2000, the employee
contribution was 6.00 percent. The City of Benbrook contributes a percentage specified by TMRS each calendar year
(16.52 percent for 2018 and 16.32 for 2019). Upon retirement, the employee’s accumulated deposits plus total accrued
interest is matched by the City on a two-to-one basis. Effective October 1, 1996, City employees with twenty years of
service are eligible to retire at any age. Effective January 2002, vesting requirements were reduced from ten years to
five years; this change was approved by the Texas Legislature in 2001.

Board members for TMRS are selected by member cities throughout the State. Board members are responsible for
establishing all policies regarding the investment of TMRS's monies and distribution of benefits to retirees within the
guidelines set by the State legislature.

CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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