Page 55 - Benbrook FY2021
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CURRENT FINANCIAL POSITION
The City Staff estimates that the City of Benbrook begins the 2020-21 fiscal year with an estimated combined fund balance of $8,840,625 in
the operating funds (General Fund and Debt Service Fund) and is projected to end the year with a balance of $8,954,197.
The General Fund is estimated to begin the 2020-21 fiscal year with a fund balance of $8,496,220 and to end the year with a fund balance
of $8,500,767. The transfer of $500,000 from General Fund reserves is included in the year-ending balance. The transfer of $500,000 is
scheduled from the General Fund to the Capital Asset Replacement Fund for purchase of a Fire Truck. The transfer of $22,439 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 2020-21 fiscal year with a fund balance of $344,404 and to end the year with a fund balance
of $453,430; an estimated $109,026 will be added to the Debt Service Fund reserves in 2020-21. The transfer of $733,366 is scheduled
from the Stormwater Utility Fund for drainage-related debt costs and $501,203 from the TIF Fund for related debt.
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