Page 67 - Benbrook FY2021

CONTRACTUAL SERVICES

The projected cost of contractual services in 2020-21 in the amount of $2,637,931 increases by $253,040 from the 2019-20 re-estimate of
$2,384,891. This category includes funds for utilities, professional services, dues and memberships, training, and printing services.

Funds are included in the 2020-21 Budget for the general election and for a run-off election. Additional funds are also included in the 2020-
21 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 $174,045 from the 2019-20 re-estimate of $1,401,746 to the 2020-21 Budget allocation of
$1,575,791. Funds for vehicle, equipment, radio, and software maintenance costs are budgeted near the 2019-20 re-estimate level for
2020-21. Additional funds in the amount of $200,000 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 2020-21 in the amount of $184,250 is $13,144 less than the $197,394 re-estimate for 2019-
20. Funds for both fiscal years are for replacement of Police Department vehicles. There were no other capital purchases due to the COVID-
19 pandemic and 3.5% property tax cap. 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 increased by $52,317 from $1,557,924 in 2019-20 to $1,610,241 in 2020-21. Principal payments increase by
$90,000 in 2020-21 to $1,520,000 from $1,430,000 in 2019-20; interest expenses decrease by $41,183 from $127,624 in 2019-20 to
$86,441 in 2020-21. Agent fees remain at $3,800.

TRANSFERS AND USE OF UNAPPROPRIATED RESERVES

The 2020-21 Budget and the 2019-20 re-estimate include the transfer of reserves from the General Fund to the Capital Asset Replacement
Fund; these funds are designated for the purchase of major pieces of equipment in future years. The 2019-20 transfer was $250,000; the
2020-21 transfer is $500,000.

The 2019-20 Budget included a transfer of $650,000 from General Fund reserves for the Clearfork Emergency Access Bridge. There are no
other transfers in the 2020-21Budget
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