Page 76 - Benbrook FY2021

Funds for the replacement of computers, monitors, peripherals, software, and other technology-related equipment are included in the Information
Technology Activity of the General Fund.

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.

MAINTENANCE AND REPAIR

Maintenance and repair costs increase 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. No other capital purchases are budget for 2020-21 due to
the COVID-19 pandemic and S.B. 2 property tax legislation. 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.

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