Page 271 - FY 2025 Adopted Operating Budget and Business Plan

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General Gas Fund
FY 2025 Operating Position

The City has established three funds to receive revenues from natural gas operations that do not go to the
Arlington Tomorrow Foundation (ATF). The ATF will reach its capped corpus amount of $100 million from
scheduled reimbursements; these three funds receive lease bonus and royalty revenues associated with
natural gas operations net of those scheduled reimbursements. The policies and procedures concerning
expenditures by, and transfers to and from, the General Gas Fund 3095 are outlined below.

In 2016, a total of $50 million from the ATF corpus was transferred to the Innovation/Venture Capital Fund to
support the development of “Texas Live” adjacent to Globe Life Field. The ATF corpus will be recapitalized to
the $100 million level through future reimbursements from the gas funds.

The General Gas Fund receives revenues that are not specifically designated for the Parks or Airport Gas
Funds. Within this fund, a total of four cost centers are available from which expenditures may be
authorized, including:

CC910102 - Neighborhood Grants
CC910103 - Arlington Home Improvement Incentive Program
CC910105 - Arlington Small Business Challenge
CC910106 - Land Banking

Periodically, fiscal conditions may necessitate transfers from the General Gas Fund to the General Fund to
offset revenue shortfalls or to cover one-time costs. All proposed interfund transfers involving gas funds will
require approval by the City Manager's Office prior to implementation.

Beginning Balance, Available Cash $ 2,609,772
Royalty Revenues 1,200,000
Support from Parks Gas Fund FD3096 1,380,000
Transfer of Royalties from Water Utilities Fund 1,500,000
Total Available Resources $ 6,689,772

Less:
Reserved for Increase/Decrease in Investment Value $ 61,718
Designated for Neighborhood Grants 150,000
Designated for Arlington Small Business Assistance 150,000
Designated for Land Banking 232,439
Reserved for Arlington Home Improvement Incentive Program 70,673
Reserved for ATF Corpus Reimbursement, FY 2025 3,405,996
Total Commitments, Reserves,and Transfers $ 4,070,826

Remaining Available Balance $ 2,618,946

FY 2025 Adopted Budget and Business Plan 262 City of Arlington, Texas