Benbrook  MINUTES OF THE MEETING OF THE BENBROOK CITY COUNCIL THURSDAY, MARCH21,2024  The regular meeting of the Benbrook City Council was held on March 21, 2024 at 7:30 p.m. in the Council  Chambers with the following Council members present:  Jason Ward, Mayor Renee Franklin Larry Marshall Dustin Phillips Gary Addison Laura Mackey Keith Tiner  Also Present:  Andy Wayman, City Manager Jim Hinderaker, Assistant City Manager Joanna King, City Secretary Beth Fischer, Deputy City Secretary Rick Overgaard, Finance Director Pastor Lynn Bullock Belinda Nemec Chad Skinner Chuck Burr  Others:  .  CALL TO ORDER  Meeting called to order at 7:30 p. m. by Mayor Ward. NVOCATIONPLEDGE OF ALEGIANCE The Pledge of Allegiance was recited.  II.  Invocation was given by Pastor Lynn Bullock with The Church of Benbrook.  III. CITIZEN COMMENTS ON ANY AGENDA ITEM  IV. MINUTES  1. Approve minutes of the regular meeting held March 7, 2024  Motion by Dr. Marshall, seconded by Mr. Tiner to approve the minutes of the regular meeting held  March 7, 2024.  1    Vote on the Motion:  Ayes: Ms. Franklin, Dr. Marshall, Mr. Phillips, Mayor Ward, Mr. Addison, Ms. Mackey, Mr. Tiner  Noes: None  Motion carries unanimously. V. REPORTS FROM CITY MANAGER  G-2649  Accept finance report for period ending February 29, 2024  Rick Overgaard gave the following report: General Fund revenues for the month of February, the fifth month of the fiscal year, were $3,172,134. Major revenues collected for the month include Property taxes of $2,329,838, Franchise taxes of $96,341, Permits of $29,462, Fines and Forfeitures of $51,086, Charges for Services of $105,881, Other Agencies of $78,171, and Interest of $107,896. Sales tax collected and recognized as revenue in February was $308,527. Fiscal year to date sales tax is $2,074,672, an increase of 16.4% over last year at this time. General Fund revenues collected through the end of February were $19,226,006 and 78.4% of General Fund expenditures for the month of February were $1,467,569. Fiscal year to date expenditures were $8,774,596 and 35.8% of the adopted budget. Fiscal year to date expenditures increased compared to last year because EMS salaries were reimbursed from the Total General Fund revenues of $19,226,006 were more than total General Fund expenditures Debt Service revenues for the month of February totaled $172,795 and were all from property tax. There were no expenditures in February. The next debt service payments are due August EDC revenues for February were $172,718. EDC expenditures for February were $37,349. Revenues received for February were $125,781 from stormwater utility fees, mineral lease revenue, and interest earnings. Expenditures for the Capital Projects Fund were $1,837 for February. February expenditures included the Cedar Creek and Timbercreek Drainage projects. Expenditures exceeded revenues by $123,944. Sufficient funds are available in the current fund balances of the Capital Projects Fund. This fund operates on a project basis rather than a On February 29, 2024, the City had $45,660,141 invested at varying interest rates; the EDC had Motion by Ms. Franklin, seconded by Ms. Mackey to accept the finance report for the period  the budget.  American Rescue Plan Act (ARPA). The ARPA grant expired in October 2023.  of $8,774,596 by $10,451,410.  1,2 2024.  Revenues exceeded expenditures by $135,369.  specific fiscal year. $8,506,660 available. ending February 29, 2024.  2    Vote on the Motion:  Ayes: Ms. Franklin, Dr. Marshall, Mr. Phillips, Mayor Ward, Mr. Addison, Ms. Mackey, Mr. Tiner  Noes: None  Motion carries unanimously.  G-2650  Accept Annual Comprehensive Financial Report (ACFR) for fiscal year ending  September 30, 2023  Rick Overgaard gave the following report: As required by Chapter 103 of the Texas Local Government Code, an independent audit of the City's accounts and records has been made by the certified public accounting firm of BrooksWatson & Co. for the fiscal year ending September The audited financial statements or Annual Comprehensive Financial Report (ACFR), which include the auditor's unmodified or "clean" opinion on pages 1 -4 of the ACFR is submitted for  30, 2023.  City Council's information and consideration.  The Benbrook ACFR includes several sections as listed below:  Introductory Section, which is unaudited Financial Section, including: Independent Auditor's Report Managements Discussion and Analysis Basic Financial Statements Notes to the Financial Statements, and Supplementary Information Statistical Section, which is unaudited  FINANCIAL HIGHLIGHTS  The General Fund ending fund balance at September 30, 2023, was $21,716,403 and General Fund expenditures were less than the budget of $24,841,843 by $1,623,131,0r The City's governmental funds reported combined ending fund balances of $32,594,370 The City's total debt showed a net decrease (including premiums) of $364,274. The total governmental bonds payable at the close of the fiscal year was $21,715,000. Capital assets were $148,739,747, with a depreciation of $71,820,159, leaving a net Net position for the primary government increased $2,059,068 during fiscal year 2022-23  $3,001,092 greater than budgeted.  6.5%.  at September 30, 2023.  value of $76,919,588.  to $77,948,452 at September 30, 2023.  3    Motion by Mr. Addison, seconded by Mr. Phillips to accept the Annual Comprehensive Financial  Report for the fiscal year ended September 30, 2023.  Vote on the Motion:  Ayes: Ms. Franklin, Dr. Marshall, Mr. Phillips, Mayor Ward, Mr. Addison, Ms. Mackey, Mr. Tiner  Noes: None  Motion carries unanimously. VI. INFORMAL CITIZEN COMMENTS  Belinda Nemec addressed City Council. VII. COUNCIL MEMBER AND STAFF COMMENTS  Ms. Franklin made the following announcements:  1. 2.  Benbrook City Hall will be closed on Friday, March 29, 2024 to observe Good Friday. The Benbrook Community YMCA will be hosting the Bunny Trail at the YMCA on Friday,  March 29, 2024 from 11:30 a.m. to 1:30 p.m.  Dr. Marshall informed citizens that the Blue Angels are returning to the area as part of the Wings  Over Cowtown air show at NAS JRB Fort Worth on April 13 and 14, 2024.  VII. ADJOURNMENT  Meeting adjourned at 7:46 p.m.  APPROVED:  JasgmWard.Mayor  ATTEST:  j Secretary  4