Page 54 - Benbrook FY20 Approved Budget

CITY OF BENBROOK 2019-20 ANNUAL BUDGET

CURRENT FINANCIAL POSITION

The City Staff estimates that the City of Benbrook begins the 2019-20 fiscal year with an estimated combined fund balance of $8,664,974
in the operating funds (General Fund and Debt Service Fund) and is projected to end the year with a balance of $8,731,684.

The General Fund is estimated to begin the 2019-20 fiscal year with a fund balance of $8,335,527 and to end the year with a fund balance
of $8,386,666. The transfer of $750,000 from General Fund reserves is included in the year-ending balance. The transfer of $250,000 is
scheduled from the General Fund to the Capital Asset Replacement Fund for current and for future capital outlay costs. A transfer of $250,000
from General Fund reserves is included to the new Wall Repair Fund to finance current and future wall repairs. The Budget also includes the
use of $650,000 in General Fund reserves for the construction of the Clearfork Emergency Access Bridge. The transfer of $100,000 from
the Road Damage Fund to the General Fund is included to repair streets and roadways damaged by vehicles utilized by area natural gas
companies.

The Debt Service Fund is estimated to begin the 2019-20 fiscal year with a fund balance of $329,447 and to end the year with a fund
balance of $345,018; an estimated $15,571 will be added to the Debt Service Fund reserves in 2019-20. The transfer of $586,752 is
scheduled from the Stormwater Utility Fund for drainage-related debt costs and $503,136 from the TIF Fund for related debt.

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