Page 350 - FY 2023-24 ADOPTED BUDGET

RELATIONSHIPS WITH OTHER ENTITIES

In the course of its responsibilities for municipal governance, the City of Benbrook interacts with
several public and quasi-public entities in various financial and non-financial relationships. Although
not directly a part of the City's operations, these entities represent a significant environmental factor
within Benbrook. The relationships are described in the Budget Document to facilitate the reader's

understanding of the City's operational framework.

TARRANT APPRAISAL DISTRICT

The Legislature of the State of Texas has established one agency within each county to be
responsible for appraising property values within the county. The Tarrant Appraisal District (TAD)
provides this service to the taxing entities within Tarrant County. TAD is also responsible for
maintaining accurate records on ownership, applicable taxing entities, and their exemptions. Any

changes to the City of Benbrook tax rolls are forwarded to the City from TAD monthly to update City
files. On approximately July 25 of each year, TAD provides a final appraisal roll of taxable property
within the taxing jurisdiction of the City of Benbrook as of the prior January 1. Based on this
information, the City Council sets an ad valorem tax rate and establishes any exemption policies that
are within its statutory authority to do so for the fiscal year beginning October 1.

TEXAS MUNICIPAL RETIREMENT SYSTEM

Membership in the Texas Municipal Retirement System (TMRS) is a condition of employment for all
full-time City employees. Members contribute seven percent of their gross earnings; prior to
January 1, 2000, the employee contribution was 6.00 percent. The City of Benbrook contributes a
percentage specified by TMRS each calendar year (16.33 percent for 2023 and 17.36 for 2024).
Upon retirement, the employee’s accumulated deposits plus total accrued interest is matched by
the City on a two-to-one basis. Effective October 1, 1996, City employees with twenty years of
service are eligible to retire at any age. Effective January 2002, vesting requirements were reduced
from ten years to five years; this change was approved by the Texas Legislature in 2001.

Board members for TMRS are selected by member cities throughout the State. Board members are
responsible for establishing all policies regarding the investment of TMRS's monies and distribution
of benefits to retirees within the guidelines set by the State legislature.

BENBROOK WATER AUTHORITY

The Benbrook Water Authority (known as the Benbrook and Sewer Water Authority from its
establishment until September 1, 2005) provides water and sanitary sewerage disposal services
within Benbrook's city limits. The Benbrook Water Authority was created by a special act of

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