Page 29 - FY 2021-22 ADOPTED BUDGET

completion of Benbrook Boulevard this past year has seen little growth. As a result of these challenges, the 2021-
22 Budget is very lean and essentially flat from the prior year with no decision packages approved.

BALANCING THE BUDGET

The 2021-22 Budget provides a balanced plan for municipal services from October 1, 2021 through September 30,
2022. Operating Fund (combined General Fund and Debt Service Fund) expenditures and transfers out included in
the 2021-22 Budget total $23,263,315. General Fund expenditures total $21,353,978 and Debt Service Fund
expenditures total $1,909,337. Operating Fund (combined General Fund and Debt Service Fund) revenues and
transfers in total $23,279,458. General Fund revenues total $21,354,964 and Debt Service Fund revenues total

$1,924,494. The transfer of $742,415 is scheduled from the Stormwater Utility Fund to the Debt Service Fund and
a transfer of $297,586 from the TIF Fund to the Debt Service Fund. The transfer of $300,000 is scheduled for transfer
from General Fund to the Capital Projects Fund for the purchase of a Dump Truck. No reserves were required to
balance the Budget.

OPERATING FUNDS

Debt Total
General Service Operating
Fund Fund Funds

BEGINNING FUND BALANCE $ 11,437,039 $ 456,758 $ 11,893,798

REVENUES AND TRANSFERS IN
Revenues 21,354,964 884,493 22,239,457
Transfers In - 1,040,001 1,040,001
TOTAL REVENUES AND TRANSFERS IN $ 21,354,964 $ 1,924,494 $ 23,279,458
EXPENDITURES AND TRANSFERS OUT
Expenditures 21,053,978 1,909,337 22,963,315
Transfers-Out 300,000 - 300,000
TOTAL EXPENDITURES AND TRANSFERS OUT $ 21,353,978 $ 1,909,337 $ 23,263,315

NET CHANGE TO FUND BALANCE $ 986 $ 15,157 $ 16,143
ENDING FUND BALANCE $ 11,438,026 $ 471,915 $ 11,909,941

The 2021-22 budget does not include any decision packages. With the COVID-19 virus pandemic and new Texas
Senate Bill 2 3.5% property tax cap it was decided that this budget year the City should better position itself for
these potential unknowns and loss of revenue.

USE OF RESERVES

For the 2021-22 Budget, the Benbrook City Council established $8,000,000 as the ideal minimum reserve total for
the combined operating funds (General Fund and Debt Service Fund). In 2021-22, the Council expects to meet this
challenge and still be able to increase employee benefits, enhance services to the public, and maintain or lower the
current property tax rate - without significantly impacting the City's superb financial condition. The Operating Funds

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