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budget requests. His goal is to balance proposed expenditures against the anticipated revenue and existing reserves to maintain fund balances
at an acceptable level.

JUNE

The City Manager reviews the proposed activity budgets with each Department Director. At this time, some items are restored to the proposed
activity budgets. Additional cuts usually are necessary to compensate for the items that have been restored to the various budget proposals.

The Finance Director prepares a Proposed Budget Document that includes detailed revenue and expenditure summaries, fund balance estimates
and projections, summaries of each activity's budget request along with documentation of all changes made by the City Manager, copies of all
funded and unfunded decision packages, and a narrative explanation of the issues that City Council faces and resolves during the upcoming
budget deliberations.

JULY

The City Manager and Finance Director meet with City Council to canvass Councilmembers on any program additions or deletions that City
Council wishes to include in the Proposed Budget. At this meeting, the City Manager provides City Council with a brief summary of any
anticipated budget problems. The City Council provides direction for the City Staff to follow in revising the Proposed Budget.

Toward the end of July (but no later than July 25), the City receives assessed valuation totals from the Tarrant Appraisal District. The Finance
Director finalizes property tax revenue projections.

The City Council begins conducting work sessions to review all of the Department budget requests. During these work sessions, Department
Directors may meet with the City Council to discuss their proposed budget requests. At this time, the Department Directors have the opportunity
to request and justify items that have been eliminated from their budget proposals. The City Council also meets with any group that requests
funding from the City of Benbrook.

AUGUST

The City Council continues to hold work sessions on the Proposed Budget until agreement is reached by a majority of City Councilmembers on
the level of spending to include for City programs and the means to finance these expenditures. When a Proposed Budget has been agreed
upon, the Finance Director prepares a Summary of the Proposed Budget for distribution to the City Council, City Department Directors, concerned
citizens, and the local media. The Finance Director calculates and publishes a notice of No-New-Revenue tax rate and Voter-Approval tax rate.
Public meetings on the adoption of the Proposed Budget and Tax Rate are scheduled and notices of these meetings are published in the official
newspaper. A one-page summary of the Proposed Budget is also published in the newspaper. This information is also posted on the City of
Benbrook website. The City’s website also features a Summary Budget Document; paper copies of this document are available to attendees of

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