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General Gas Fund
FY 2022 Operating Position

The City has established three funds to receive revenuesfrom natural gas operations that do
not go to the Arlington Tomorrow Foundation (ATF). The ATF has reached its capped corpus
amount of $100 million; therefore, these three funds receive all lease bonus and royalty
revenues associated with natural gas operations. The policies and procedures concerning
expenditures by, and transfers to and from, the General Gas Fund 3095 are outlined below.

In 2016, a total of $50 million from the ATF corpus was transferred to the
Innovation/Venture Capital Fund to support the development of “Texas Live” adjacent to
the new Ballpark for the Texas Rangers. The ATF corpus will be recapitalized to the $100
million level through future contributions from the gas funds.

The General Gas Fund receives revenues that are not specifically designated for the Parks or
Airport Gas Funds. Within this fund, a total of four accounting units are available from
which expenditures may be authorized, including:

910102 ‐ Neighborhood Grants, with an amount designated for expenditure
910105 ‐ Redevelopment Initiatives
910106 ‐ Land Banking, with an amount designated for expenditure
910107 ‐ Arlington Home Improvement Incentive Program

Periodically, fiscal conditions may necessitate transfersfrom the General Gas Fund to the
General Fund to offset revenue shortfalls or to cover one‐time costs. All proposed interfund
transfers involving gas funds will require approval by the City Manager's Office prior to
implementation.

Beginning balance, available cash $ 3,248,880
Less: Encumbrances ‐
Transfer of royalties from Water Utilites Fund 702,330

Total available resources $ 3,951,210

Less:
Reserved for increase/decrease in investment value $ 8,348
Designated for Neighborhood Grants 12,623
Designated for Land Banking 10,205
Remaining reserve for Lamar/Collins Overlay ‐
Reserved for CES Fund for ATF corpus reimbursement, FY 2021 3,022,220
Reserved for CES Fund for ATF corpus reimbursement, FY 2022 663,572
Transfer to General Fund for one‐time costs in FY 2022 ‐
Reserved for Arlington Home Improvement Incentive Program 84,242
Reserved for Arlington Small Business Challenge 150,000

Total commitments, reserves and transfers $ 3,951,210

Remaining available balance $ ‐

FY 2022 Adopted Budget and Business Plan 280 City of Arlington, Texas