Page 63 - Benbrook FY2021

OPERATING FUNDS REVENUES

ADOPTED BUDGET

General Fund and Debt Service Fund revenues and transfers for 2020-21 are projected to be $22,988,167 and are $337,789 or 1.49
percent over the 2019-20 budget of $22,650,378. General Fund revenues and transfers for 2020-21 total $21,268,900 for a net increase
of $195,517 or 0.93 percent over the 2019-20 budget of $21,073,383. Debt Service Fund revenues and transfers total $1,719,267 in
2020-21 for an increase of $142,272 or 9.02 percent more than the 2019-20 budget of $1,576,995.

General Fund and Debt Service Fund revenues, excluding transfers, for 2020-21 are projected to be $21,731,159 and are $270,669 or 1.26
percent over the 2019-20 budget of $21,460,490. General Fund revenues for 2020-21 total $21,246,461 for a net increase of $273,078
or 1.30 percent over the 2019-20 budget of $20,973,383. Debt Service Fund revenues total $484,698 in 2020-21 for a decrease of $2,409
or 0.49 percent less than the 2019-20 budget of $487,107.

PROPERTY TAX RATE AND REVENUES

The 2020-21 Budget includes lowering the property tax rate to $0.6225 per $100 valuation from $0.62777 in 2019-20. The General Fund
rate decreases to $0.6015 from $0.60647 and the Debt Service portion of the property tax rate decreases to $0.0210 from $0.0213.

The City of Benbrook is projected to experience property tax revenue growth in 2020-21 due to a net increase in assessed valuations for
Benbrook. On July 25, 2020, the Tarrant Appraisal District (TAD) provided the City with final assessed valuation totals for use in computing
property tax projections and in preparing "Truth in Taxation" notices. Assessed valuations increased by approximately 5.08 percent in a
comparison of total values.

For the Operating Funds (General Fund and Debt Service Fund), revenue from ad valorem taxes in the amount of $14,306,759 for 2020-21
is projected to increase by $718,585 from the 2019-20 re-estimate of $13,588,174. Current property tax revenue is projected to increase
by $717,272 from $13,477,137 to $14,194,409. Revenue from delinquent property taxes is projected to increase by $2,406 from the 2019-
20 re-estimate of $50,594 to $53,000. Revenue from interest and penalties is projected to decrease by $1,094 from the 2019-20 re-estimate
amount of $58,844 to $57,750.

FRANCHISE TAX REVENUE

Franchise taxes are projected to decrease by $2,007 from the 2019-20 re-estimate of $1,492,007 to $1,490,000 in 2020-21. Revenue
from the electrical franchise is projected to be $800,000 in 2020-21. Revenue from the natural gas franchise is projected to be $85,000.
Revenue from the telephone franchise is projected to be $80,000. Revenue from the sanitation franchise is projected to be $350,000.
Revenue from the cable television franchise is projected to be $175,000.
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