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Other Budget Information
General Gas Fund
FY 2020 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 $ 8,150,358
Transfer of royalties from Water Utilites Fund ‐
Total available resources $ 8,150,358
Less:
Reserved for increase/decrease in investment value $ 13,597
Designated for Neighborhood Grants 150,000
Designated for Land Banking 334,073
Remaining reserve for Lamar/Collins Overlay 300,000
Transfer to CES Fund for ATF corpus reimbursement, 2019 2,846,838
Transfer to CES Fund for ATF corpus reimbursement, 2020 2,933,209
Reserved for CES Fund for ATF corpus reimbursement, 2021 965,578
Transfer to General Fund for one‐time costs in FY 2020 372,821
Reserved for Arlington Home Improvement Incentive Program 84,242
Reserved for Arlington Small Business Challenge 150,000
Total commitments, reserves and transfers $ 8,150,358
Remaining available resources $ ‐
2020 Adopted Budget and Business Plan 243 City of Arlington, Texas
