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Parks Gas Fund
FY 2022 Operating Position
The City has established three funds to receive revenues from natural gas operations that do not go to the
Arlington Tomorrow Foundation (ATF). Now that the Foundation has reached its capped corpus amount of
$100 million, 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 Parks
Gas Fund 3096 are outlined below.

The Parks Gas Fund receives natural gas revenues derived from drilling operations beneath the City's park
land. Accounting unit 910201 is available to account for one‐time expenditures from the fund, but
resources may also be transferred to other funds to more appropriately track and account for expenditures.
No expenditures that are in lieu of ongoing expenditures typically made from the Parks Department's
operating budget may be incurred without prior approval from the City Manager's Office. Because the
Parks Gas Fund is designated for specific purposes, expenditure amounts in the fund are not appropriated
on an annual basis as they would be in the City's operating funds.

Periodically, fiscal conditions may necessitate transfers from the Parks Gas Fund to other funds to cover
specific one‐time costs. All proposed interfund transfers involving gas funds will require approval by the
City Manager's Office prior to implementation.

In addition, transfers of gas revenues from the Parks Gas Fund cash account into various operational activity
codes or other spending accounts may be requested by the Parks and Recreation Department in order to
facilitate the encumbrance and disbursement of these resources. All requests for transfers of this type
must be submitted in writing to the City's Chief Financial Officer, and may not proceed without his/her
written approval.

Beginning balance, available cash: $ 8,908,490

Less: Commitments, reserves and transfers:
Reserved for increase/decrease in investment value $ 36,149
Remaining reserve for Lamar/Collins Overlay 3,700,000
Reserved for Texas Rangers Golf Club debt in 2021 1,221,850
Reserved for Texas Rangers Golf Club debt in 2022 1,205,850
Reserved for Texas Rangers Golf Club debt in 2023 1,189,850
Reserved for future PPF support 962,838
Additional reserve for Arlington Commons 591,953
Deferred revenue, lease bonuses ‐
Total commitments, reserves and transfers $ 8,908,490

Remaining available balance $ ‐

FY 2022 Adopted Budget and Business Plan 281 City of Arlington, Texas