Page 85 - FY 2021-22 ADOPTED BUDGET
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CONTRACTUAL SERVICES


        The projected cost of contractual services in 2021-22 in the amount of $2,614,805 decreases by $27,592 from the

        2020-21  re-estimate  of  $2,642,397.    This  category  includes  funds  for  utilities,  professional  services,  dues  and
        memberships, training, and printing services.

        Funds are included in the 2021-22 Budget for the general election and for a run-off election.  Additional funds are
        also included in the 2021-22 Budget for the payment of property tax revenues from the General Fund to the TIF
        Fund.  Funds are included for Benbrook residents to participate in Tarrant County’s Home Project.

        MAINTENANCE AND REPAIR


        Maintenance and repair costs increased by $143,973 from the 2020-21 re-estimate of $1,571,692 to the 2021-22

        Budget allocation  of $1,715,665.      Funds  for  vehicle,  equipment,  radio, and  software  maintenance  costs  are
        budgeted near the 2020-21 re-estimate level for 2021-22.  Additional funds in the amount of $150,000 are included
        in the Public Works Department for the maintenance and repair of streets and roadways.

        CAPITAL OUTLAY

        The purchase of capital outlay equipment in 2021-22 in the amount of $139,900 is $42,975 less than the $182,875
        re-estimate for 2020-21. Funds for both fiscal years are for replacement of Police Department vehicles with one
        less vehicle being purchased in 2021-22 than 2020-21 for a total of four vehicles.  There were no other capital
        purchases due to the COVID-19 pandemic and 3.5% property tax cap. A capital outlay is defined as an item or piece
        of equipment that costs a minimum of $5,000, has a useful life in excess of one year, and/or is recorded as a fixed
        asset on the City's official inventory.

        DEBT SERVICE

        Debt service requirements increased by $302,596 from $1,606,741 in 2020-21 to $1,909,337 in 2021-22.  Principal
        payments decrease by $150,000 in 2021-22 to $1,370,000 from $1,520,000 in 2020-21; interest expenses increased
        by $449,096 from $86,441 in 2020-21 to $535,537 in 2021-22 due to the issuance of Series 2021 General Obligation

        bonds.  Agent fees remain at $3,800.

        TRANSFERS AND USE OF UNAPPROPRIATED RESERVES

        The 2021-22 Budget and the 2020-21 re-estimate include the transfer of reserves from the General Fund to the
        Capital Asset Replacement Fund; these funds are designated for the purchase of major pieces of equipment in
        future years.  The 2020-21 transfer was $500,000; the 2021-22 transfer is $300,000. There are no other transfers
        from the General Fund in the 2021-22 Budget.







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