Page 31 - FY 2021-22 ADOPTED BUDGET

adjustments (absolute exemptions, cases before the Appraisal Review Board, and incomplete accounts) are
$416,610,135. TAD’s minimum projected value of property under protest and/or in incomplete accounts is
$33,299,871. The total net taxable value used to project revenues for 2025-26 is $3,575,410,537. Based on the tax
rate of $0.5550, less the levy lost to frozen taxes, and a 98% collection rate, current property tax collections are
projected to be $18,475,471 for both the General Fund and the Debt Service Fund.

EMPLOYEE COMPENSATION AND RETENTION

The City of Benbrook’s philosophy over the past thirty-plus years is to recruit highly qualified and top-quality
employees by providing above-average salaries and competitive benefits and to retain employees through the

offering of merit increases, promotional opportunities, stability/longevity pay, and an excellent retirement system
with five-year vesting and retirement eligibility after twenty years of service. One of the City Council’s commitments
during the review of the 2025-26 Budget was to ensure that this philosophy continued. The 2025-26 Budget
includes funds for: (1) merit increases for eligible employees; (2) an up-to twenty percent increase in premiums to
continue current benefits and services for health, dental, and life insurance; (3) continuation of contributions to
employee retirement as proposed by the Texas Municipal Retirement System; (4) and a 2.0 percent cost of living
adjustment for all employees.

CONTINUATION OF CURRENT SERVICES

The 2025-26 Budget reflects the continuation of current services and programs. The City of Benbrook provides
basic municipal services to citizens, businesses, and visitors. Benbrook takes pride in providing top-quality services

at affordable costs. The 2025-26 Budget does not include reductions in services or cutbacks.

REPLACEMENT OF EQUIPMENT

The 2025-26 Budget includes a transfer of $550,000 to the Capital Asset Replacement Fund. $300,000 of the
transfer is for the purchase of four new Police Patrol vehicles. The remaining $250,000 is for future capital
purchases.

UPDATE AND UPGRADE OF EQUIPMENT

Funds are included in the 2025-26 Budget for software and for replacement and/or upgrade of computers, printers,
peripherals, and other hardware based on this schedule.

CHANGES IN PERSONNEL, NEW SERVICES, PROGRAMS, AND SPECIAL PROJECTS

Changes in Personnel

The 2025-26 Budget does not include any personnel changes.

New Services

No new services or programs are included in the 2025-26 Budget.
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