Page 19 - Kennedale Budget FY21

MANAGER’S MESSAGE

E D C , T I F , A N D C A P I T A L R E P L A C E M E N T F U N D S
The Economic Development (EDC) Fund and the TIRZ (or TIF) are, again, expected to incur limited
spending next year, as we continue enhancing fund balances for future cash funding of capital projects. The
EDC Fund balance has increased during the current fiscal year from a budgeted $434,276 to $770,219,
which is largely due to full occupancy of EDC-owned buildings in TownCenter and a higher than

anticipated beginning fund balance in the current year.

FY20-21 will be the third year that the TIRZ has seen significant incremental value increase, which will
result in approximately $16,086 in new revenue to this fund. Remaining available funds from the 2018 &
2019 Tax Notes will be used for ongoing capital projects including the TxDOT New Hope Road off-system
bridge project and the Safe Routes to School initiative (in partnership with NCTCOG).

N E W P R O G R A M S
None of the new program recommendations submitted by the Leadership Team (with first-year estimated
costs of $734,617) have been included in this budget.

The overall FY20-21 Budget for all funds is $19,748,099 and includes 70.45 Full Time Equivalents (FTEs)
– which represents 66 full-time and 8 part-time positions.

I would like to take this opportunity to sincerely thank the members of the Kennedale City Council for
volunteering their time, talents, and dedication for the benefit of the citizens of Kennedale. Input from the
Council has, as always, been invaluable in the preparation of the FY20-21 Budget. Appreciation is also

expressed to the professional staff – particularly in the Finance Department – for their diligence in the
preparation of the budget.

With the significant input and positive commitment already invested by the City Council to Kennedale’s
future regarding this Annual Program of Services, I am confident that the City and the community will
achieve and experience service levels desired by our citizens. Your support and the dedication of our
capable staff are appreciated.

Sincerely,

George Campbell

CITY MANAGER

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