Page 66 - Benbrook FY20 Approved Budget

CITY OF BENBROOK 2019-20 ANNUAL BUDGET

BUDGET SYNOPSIS

OPERATING FUNDS BUDGET

The 2018-19 Budget (General Fund and Debt Service Fund) is based on total revenues in the amount of $21,460,490 and expenditures in
the amount of $21,433,668. The 2019-20 Budget also includes the transfer of $100,000 from the Road Damage Fund to the General Fund,
the transfer of $586,752 to the Debt Service Fund from the Stormwater Utility Fund, the transfer of $503,136 to the Debt Service Fund from
the TIF Fund, the transfer of $250,000 from the General Fund to the Capital Asset Replacement Fund, the use of $650,000 in General Fund
reserves for the Clearfork Emergency Access Bridge, and the transfer of $250,000 from General Fund reserves for the newly-created Wall
Repair Fund.

Total revenues and transfers to the Operating Funds in the amount of $22,650,378 represent a net increase of $1,108,477 or 5.15 percent
over the 2018-19 re-estimate total of $21,541,901.

Total expenditures, transfers, and the use of General Fund reserves in the amount of $22,583,668 for 2019-20 represent a net increase of
$916,993 or 4.23 percent over the 2018-19 re-estimate total of $21,666,675.

EXPENDITURES BY CLASSIFICATION

PERSONAL SERVICES

Personnel expenditures are projected to increase by $1,201,094 from $13,636,318 in 2018-19 to $14,837,412 in 2019-20. This increase
is attributed to salary adjustments, addition of one new full-time position, and adjustments for insurance and fringe benefits.

Funds are included for a two and one-half percent across-the-board cost-of-living adjustment in pay for full-time employees. The Budget
includes funds for merit increases for those employees that are at steps one through six on the City’s seven step salary matrix; employees are
eligible for an up-to five-percent increase on their anniversary date.

The 2019-20 Budget includes the addition of one full-time position in the Police department, and the elimination of part-time positions in the
IT Department.

Funds are also included in the Budget for an up-to twenty percent increase in employee health, dental, and life insurance premiums. Funds
are included for the increase of the City’s contribution rate for employee retirement, effective January 1, 2020, the current rate of 16.32
percent increases to 16.59 percent; the employee contribution rate remains at 7.00 percent.

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