Page 31 - FY 2023-24 ADOPTED BUDGET

$386,055,744. TAD’s minimum projected value of property under protest and/or in incomplete accounts is
$136,364,954. The total net taxable value used to project revenues for 2023-24 is $3,299,454,392. Based on the
tax rate of $0.5650, less the levy lost to frozen taxes, and a 97% collection rate, current property tax collections are
projected to be $17,303,688 for both the General Fund and the Debt Service Fund.

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 2023-24 Budget was to ensure that this philosophy continued. The 2023-24 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 3.0 percent cost of living
adjustment for all full-time employees.

CONTINUATION OF CURRENT SERVICES

The 2023-24 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 2023-24 Budget does not include reductions in services or cutbacks.

REPLACEMENT OF EQUIPMENT

The 2023-24 Budget includes funds to replace essential equipment. 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 2023-24 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

The 2023-24 Budget includes one decision package, which is upgrading the part-time Animal Control Officer to a
full-time position. This will give Animal Control two full-time Animal Control Officers.

New Services

No new services or programs are included in the 2023-24 Budget.

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