Page 2 - Benbrook FY2021

TABLE OF CONTENTS

SECTION ONE – INTRODUCTION
“Truth in Taxation” Disclosure Requirements .................................................................................................................................................................... 9
Government Finance Officers Association Award for Distinguished Budget Presentation ................................................................................... 10
Key Administrative Officials ............................................................................................................................................................................................ 12
City of Benbrook Organizational Chart ........................................................................................................................................................................ 13
Maps of Benbrook, Texas ................................................................................................................................................................................................ 14
Budget Format .................................................................................................................................................................................................................... 16
Fund/Department Relationships ...................................................................................................................................................................................... 17
City Manager’s Budget Message ................................................................................................................................................................................... 21
City of Benbrook Goals .................................................................................................................................................................................................... 27
Core Value Statement ...................................................................................................................................................................................................... 50
Basic Financial Goals ........................................................................................................................................................................................................ 52
Current Financial Condition .............................................................................................................................................................................................. 55
Debt Service ....................................................................................................................................................................................................................... 57
Operating Funds Budget Proposal ................................................................................................................................................................................. 59
Budget Synopsis ................................................................................................................................................................................................................. 66
Approved Capital Expenditures ..................................................................................................................................................................................... 89
Long-Range Financial Forecast ....................................................................................................................................................................................... 91

SECTION TWO – STATISTICAL
Fund Description– Operating Funds .............................................................................................................................................................................103
Combined Summary Statement – Operating Funds ..................................................................................................................................................104
Operating Funds Ten Year Graphic Comparison of Revenues and Expenditures ..............................................................................................106
Operating Funds Ten Year Comparison of Revenues and Expenditures .............................................................................................................. 107
Operating Funds Ten Year Comparison of Revenues by Source ............................................................................................................................109
Operating Funds Ten Year Comparison of Expenditures by Fund and Function .................................................................................................111
Operating Funds - Graphic Presentation - Operating Revenues ...........................................................................................................................112
Operating Funds - Graphic Presentation - Operating Expenditures .....................................................................................................................113
Ten Year Summary of Property Tax Levies and Collections ...................................................................................................................................114
Ten Year Summary of Assessed Valuations ................................................................................................................................................................115
Ten Year Summary of Property Tax Rates and Exemptions ...................................................................................................................................116
Ten Year Summary of Tax Revenues by Source ........................................................................................................................................................117

2 | P a g e