Page 67 - Benbrook FY20 Approved Budget

CITY OF BENBROOK 2019-20 ANNUAL BUDGET

SUPPLIES AND MATERIALS

The cost of supplies and materials is projected to increase by $23,044 from the 2018-19 re-estimate of $719,404 to $742,448 in 2019-
20. The 2019-20 Budget includes funds for general office and operating supplies, postage, and other items for City departments.

Funds for the replacement of computers, monitors, peripherals, software, and other technology-related equipment are included in the
Information Technology Activity of the General Fund.

CONTRACTUAL SERVICES

The projected cost of contractual services in 2019-20 in the amount of $2,555,098 increases by $60,061 from the 2018-19 re-estimate of
$2,495,037. This category includes funds for utilities, professional services, dues and memberships, training, and printing services.

Funds are included in the 2019-20 Budget for the general election and for a run-off election. Additional funds are also included in the 2019-
20 Budget for the payment of property tax revenues from the General Fund to the TIF Fund. Funds are included for Benbrook residents to
participate in Tarrant County’s Home Project.

MAINTENANCE AND REPAIR

Maintenance and repair costs increased by $238,453 from the 2018-19 re-estimate of $1,160,208 to the 2019-20 Budget allocation of
$1,398,661. Funds for vehicle, equipment, radio, and software maintenance costs are budgeted near the 2018-19 re-estimate level for
2019-20. Additional funds in the amount of $250,000 are included in the Public Works Department for the maintenance and repair of
streets and roadways.

CAPITAL OUTLAY

The purchase of capital outlay equipment in 2019-20 in the amount of $338,625 is $129,825 more than the $208,800 re-estimate for
2018-19. Funds for both fiscal years are for replacement of Police Department vehicles. Funds are also included in the 2019-20 Budget to
purchase and install the Opticom Traffic Light for intersections. A capital outlay is defined as an item or piece of equipment that costs a
minimum of $5,000, has a useful life in excess of one year, and/or is recorded as a fixed asset on the City's official inventory.

DEBT SERVICE

Debt service requirements decrease by $680 from $1,562,104 in 2018-19 to $1,561,424 in 2019-20. Principal payments increase by
$40,000 in 2019-20 to $1,430,000 from $1,390,000 in 2018-19; interest expenses decrease by $40,680 from $168,304 in 2018-19 to
$127,624 in 2019-20. Agent fees remain at $3,800.

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