Page 31 - FY 2021-22 ADOPTED BUDGET

$73,593,312. The total net taxable value used to project revenues for 2021-22 is $2,523,455,929. Based on the tax
rate of $0.6175, current property tax collections are projected to be $14,864,707 at a 100% collection rate for both
the General Fund and the Debt Service Fund property tax revenue, and including the levy lost to frozen taxes.

EMPLOYEE COMPENSATION AND RETENTION

The City of Benbrook’s philosophy over the past thirty-plus years is to recruit highly qualified and top-quality
employees by providing above-average salaries and competitive benefits and to retain employees through the
offering of merit increases, promotional opportunities, stability/longevity pay, and an excellent retirement system
with five-year vesting and retirement eligibility after twenty years of service. One of the City Council’s commitments

during the review of the 2021-22 Budget was to ensure that this philosophy continued. The 2021-22 Budget
includes funds for: (1) merit increases for eligible employees; (2) an up-to twenty percent increase in premiums to
continue current benefits and services for health, dental, and life insurance; (3) continuation of contributions to
employee retirement as proposed by the Texas Municipal Retirement System; and (4) a 3.5 percent cost of living
adjustment for all full-time employees.

CONTINUATION OF CURRENT SERVICES

The 2021-22 Budget reflects the continuation of current services and programs. The City of Benbrook provides
basic municipal services to citizens, businesses, and visitors. Benbrook takes pride in providing top-quality services
at affordable costs. The 2021-22 Budget does not include reductions in services or cutbacks.

REPLACEMENT OF EQUIPMENT

The 2021-22 Budget includes funds to replace essential equipment. Since there are no decision packages in the
2021-22 budget the replacement of equipment is very limited. The 2021-22 Budget reflects the procurement of
one new Dump Truck to replace an older vehicle being funded out of the Asset Replacement Fund as scheduled in
the Capital Improvement Program. Funds are included in the Police Department’s budget allocation for the
purchase of four new Police Patrol vehicles.

UPDATE AND UPGRADE OF EQUIPMENT

Funds are included in the 2021-22 Budget for software and for replacement and/or upgrade of computers, printers,
peripherals, and other hardware based on this schedule.

CHANGES IN PERSONNEL, NEW SERVICES, PROGRAMS, AND SPECIAL PROJECTS

Changes in Personnel

There are no personnel changes in the 2021-22 Budget.

New Services

No new services or programs are included in the 2021-22 Budget.
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