Page 272 - FY 2025 Adopted Operating Budget and Business Plan

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Parks 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 Parks Gas Fund FD3096 are outlined below.

The Parks Gas Fund receives natural gas revenues derived from drilling operations beneath the
City's park land. Cost Centers CC910201 and CC910302 are available to account for one-time
expenditures from the fund, but resources may also be transferred to other funds to more
appropriately track and account for expenditures. No expenditures that are in lieu of ongoing
expenditures typically made from the Parks Department's operating budget may be incurred
without prior approval from the City Manager's Office. Because the Parks Gas Fund is
designated for specific purposes, expenditure amounts in the fund are not appropriated on an
annual basis as they would be in the City's operating funds.

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

In addition, transfers of gas revenues from the Parks Gas Fund cash account into various
operational activity codes or other spending accounts may be requested by the Parks and
Recreation Department in order to facilitate the encumbrance and disbursement of these
resources. All requests for transfers of this type must be submitted in writing to the City's Chief
Financial Officer, and may not proceed without his/her written approval.

Beginning Balance, Available Cash: $ 1,467,972
Royalty Revenues 2,760,000
Total Available Resources $ 4,227,972

Less:
Reserved for Increase/Decrease in Investment Value $ 84,538
Support for General Gas Fund FD3095 1,380,000
Reserved for Texas Rangers Golf Club Debt in FY 2025 1,133,850
Total Commitments, Reserves, and Transfers $ 2,598,388

Remaining Available Balance $ 1,629,584

FY 2025 Adopted Budget and Business Plan 263 City of Arlington, Texas