Page 2 - FY 2023-24 ADOPTED BUDGET

TABLE OF CONTENTS

SECTION ONE – INTRODUCTION AND OVERVIEW
“Truth in Taxation” Disclosure Requirements ..................................................................................................... 7
Government Finance Officers Association Award for Distinguished Budget Presentation................................. 8
Key Administrative Officials ............................................................................................................................... 10
City of Benbrook Organizational Chart .............................................................................................................. 11
Maps of Benbrook, Texas .................................................................................................................................. 12
Comprehensive Plan .......................................................................................................................................... 14
Basic Financial Goals ......................................................................................................................................... 24
City Manager’s Budget Message ....................................................................................................................... 26

Impact of Budget on Benbrook’s Future ........................................................................................................... 31
Budget Format ................................................................................................................................................... 33

SECTION TWO – FINANCIAL STRUCTURE, POLICY, AND PROCESS
Fund/Department Relationships ....................................................................................................................... 36
Basis of Budgeting ............................................................................................................................................. 38
Charter Requirements ....................................................................................................................................... 41
Financial Policies ................................................................................................................................................ 43
The Budget Process ........................................................................................................................................... 44

The Budget Amendment Process ...................................................................................................................... 48

SECTION THREE – FINANCIAL SUMMARIES
Fund Description– Operating Funds .................................................................................................................. 51
Combined Summary Statement – Operating Funds .......................................................................................... 52
Operating Funds Ten Year Graphic Comparison of Revenues and Expenditures .............................................. 54
Operating Funds Ten Year Comparison of Revenues and Expenditures ........................................................... 55
Operating Funds Ten Year Comparison of Revenues by Source ........................................................................ 57
Operating Funds Ten Year Comparison of Expenditures by Fund and Function ............................................... 59
Operating Funds - Graphic Presentation - Operating Revenues ....................................................................... 60

Operating Funds - Graphic Presentation - Operating Expenditures .................................................................. 61
Current Financial Condition ............................................................................................................................... 62
Operating Funds Budget Proposal ..................................................................................................................... 63
Operating Funds Revenues ................................................................................................................................ 65
Operating Funds Expenditures .......................................................................................................................... 68
Budget Synopsis................................................................................................................................................. 69
Property Tax Revenue ........................................................................................................................................ 73
Other Revenues ................................................................................................................................................. 74

Expenditures by Classification ........................................................................................................................... 77
Governmental Functions ................................................................................................................................... 80
Approved Capital Expenditures ......................................................................................................................... 90
Future Capital and Debt .................................................................................................................................... 90

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