Page 29 - FY 2024-25 ADOPTED BUDGET

new municipal complex with an economy is experiencing high inflation and the potential of a recession. As a result
of these challenges, the 2024-25 Budget is very lean and essentially flat from the prior year with NO decision
packages approved.

BALANCING THE BUDGET

The 2024-25 Budget provides a balanced plan for municipal services from October 1, 2024 through September 30,
2025. Operating Fund (combined General Fund and Debt Service Fund) expenditures and transfers out included in
the 2024-25 Budget total $28,066,317. General Fund expenditures and transfers total $26,532,454 and Debt
Service Fund expenditures total $1,533,863. Operating Fund (combined General Fund and Debt Service Fund)

revenues and transfers in total $28,072,612. General Fund revenues and transfers total $26,532,454 and Debt
Service Fund revenues and transfers total $1,540,158. The transfer of $340,119 is scheduled from the Stormwater
Utility Fund to the Debt Service Fund, and a transfer of $300,000 from the Sanitation Fund to the General Fund. The
transfer of $300,000 is scheduled for transfer from General Fund to the Capital Projects Fund. No reserves were
required to balance the Budget.

OPERATING FUNDS

Debt Total
General Service Operating
Fund Fund Funds

BEGINNING FUND BALANCE $ 25,643,021 $ 429,116 $ 26,072,137

REVENUES AND TRANSFERS IN
Revenues 26,232,454 1,200,039 27,432,493
Transfers In 300,000 340,119 640,119
TOTAL REVENUES AND TRANSFERS IN $ 26,532,454 $ 1,540,158 $ 28,072,612

EXPENDITURES AND TRANSFERS OUT
Expenditures 26,232,454 1,533,863 27,766,317
Transfers-Out 300,000 - 300,000
TOTAL EXPENDITURES AND TRANSFERS OUT $ 26,532,454 $ 1,533,863 $ 28,066,317
NET CHANGE TO FUND BALANCE $ - $ 6,295 $ 6,295

ENDING FUND BALANCE $ 25,643,021 $ 435,411 $ 26,078,432

The 2024-25 budget includes no decision packages. With the COVID-19 virus pandemic, the Texas Senate Bill 2 3.5%
property tax cap, high inflation, possibility of a recession, and the construction of a new municipal complex it was

decided that this budget year the City should better position itself for these potential unknowns and loss of revenue.
USE OF RESERVES

For the 2024-25 Budget, the Benbrook City Council established $8,000,000 as the ideal minimum reserve total for
the combined operating funds (General Fund and Debt Service Fund). In 2024-25, the Council expects to meet this

27