Page 84 - FY 2024-25 ADOPTED BUDGET

CONTRACTUAL SERVICES

The projected cost of contractual services in 2024-25 in the amount of $1,637,241 increases by $95,015 from the
2023-24 re-estimate of $1,542,226. This category includes funds for utilities, professional services, dues and
memberships, training, and printing services.

Funds are included in the 2024-25 Budget for the general election and for a run-off election. Funds are included for

Benbrook residents to participate in Tarrant County’s Home Project.

MAINTENANCE AND REPAIR

Maintenance and repair costs increases by $1,291,491 from the 2023-24 re-estimate of $3,950,899 to the 2024-25
Budget allocation of $5,242,390. Funds for vehicle, equipment, radio, and software maintenance costs are
budgeted near the 2023-24 re-estimate level for 2024-25. Additional funds in the amount of $1,335,000 are
included in the Public Works Department for the maintenance and repair of streets and roadways.

CAPITAL OUTLAY

The purchase of capital outlay equipment in 2024-25 in the amount of $281,239 is $58,826 more than the $222,413
re-estimate for 2023-24. Funds for both fiscal years are for replacement of four Police Department vehicles. There
were no other capital purchases due to the 3.5% property tax cap, inflation, and fears of a recession. A capital outlay
is defined as an item or piece of equipment that costs a minimum of $5,000, has a useful life of more than one year,
and/or is recorded as a fixed asset on the City's official inventory.

DEBT SERVICE

Debt service requirements increased by $934 from $1,532,929 in 2023-24 to $1,533,863 in 2024-25. Principal
payments increase by $35,000 in 2024-25 to $985,000 from $950,000 in 2023-24; interest expenses decreased by
$34,066 from $578,829 in 2023-24 to $544,763 in 2024-25. Agent fees remain at $4,100.

TRANSFERS AND USE OF UNAPPROPRIATED RESERVES

The 2024-25 Budget and the 2023-24 re-estimate include the transfer of reserves from the General Fund to the
Capital Asset Replacement Fund; these funds are designated for the purchase of major pieces of equipment in
future years. The 2023-24 transfer was $250,000; the 2024-25 transfer is $250,000, plus a $50,000 transfer from
the General Fund to the IT/Facilities Fund for the possible use with the construction of the new municipal complex.

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