Page 318 - Benbrook FY20 Approved Budget

CITY OF BENBROOK 2019-20 ANNUAL BUDGET

Government Finance Officers Association awards for Distinguished Budget Presentation and Certificate of Achievement for Excellence in
Financial Reporting.

2015

The City of Benbrook’s primary goal in 2015 was “Building a Brighter Future” with the emphasis on improving and expanding infrastructure
and public facilities without issuing or incurring additional debt. All of Benbrook’s capital projects in 2015 were constructed with cash reserves
instead of issuing debt. The City’s commitment to operate in a lean, responsive, and financially sustainable way offers flexibility in making
sound financial decisions. As a result, Benbrook enjoys an AA+ credit rating. According to Standard and Poor’s financial services: “Benbrook
offers a consistently strong financial profile indicated by its very strong budgetary flexibility and liquidity, supported by strong management
practices.”

In 2015, Benbrook experienced opportunities and embraced challenges in enhanced infrastructure through the City. Work began on the
widening of Benbrook Boulevard/U.S. 377 by the Texas Department of Transportation (TxDOT) creating trials and tribulations for motorists and
businesses. Also, in 2015, TxDOT completed the reconstruction of RM 2871 and installed a traffic signal at the intersection of RM 2871 and
Jerry Dunn Parkway; the City funded a sidewalk to connect the pedestrian crossing at the improved intersection to the Westpark Subdivision.
Benbrook crews rebuilt Timberline Drive - a major street that had experienced significant road base failures - by re-stabilizing the street,
replacing curb and gutter, and providing a fresh layer of asphalt; the project was engineered and managed in-house and used the assistance
of Tarrant County and the Benbrook Water Authority in construction. The Benbrook Economic Development Corporation (BEDC) completed the
extension of Winbrook Drive and Benbrook Parkway to facilitate future development for the northeast corner of Winscott Road and I-20 and
to create enhanced street connectivity into and within the Benbrook Industrial Park. The last unpaved alley in Benbrook, between Usher Street
and Benbrook Boulevard, was reconstructed with concrete. A drainage project was completed on Plantation East Creek and Springbranch Drive
to protect and to preserve the abutments of the bridge.

City crews completed the lighting project for the ballfields at Dutch Branch Park by replacing all wooden poles with metal poles.

The walking track and hike/bike path in Dutch Branch Park were re-surfaced and re-striped; benches were added at strategic locations within
the park.

The first steps toward construction of a new animal shelter were taken when the Benbrook City Council set aside $500,000 from General Fund
reserves for the future construction of this facility and approved funding for a conceptual

design and related construction cost estimate. Funding for this project is from General Fund reserves; no debt will be issued or incurred.

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