Benbrook  MINUTES OF THE MEETING OF THE BENBROOK CITY COUNCIL THURSDAY, FEBRUARY 15, 2024  The regular meeting of the Benbrook City Council was held on February 15, 2024 at 7:30 p.m. in the Council Chambers with the following Council members present:  Jason Ward, Mayor Renee Franklin Larry Marshall Dustin Phillps Gary Addison Laura Mackey Keith Tiner  Also Present:  Andy' Wayman, City Manager Jim Hinderaker, Assistant City Manager Beth Fischer, Deputy City Secretary Rick Overgaard, Finance Director Pastor Lynn Bullock Chuck Burr  Others: I.  CALL TOORDER  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 - The Church of Benbrook.  III. CITIZEN COMMENTS ON ANY AGENDA ITEM  IV. MINUTES  1. Approve minutes of the regular meeting held February 1, 2024 Motion by Mr. Tiner, seconded by Dr. Marshall to approve the minutes of the regular  meeting held February 1, 2024.  1    Vote on the Motion: Mr. Tiner Noes: None  Ayes: Ms. Franklin, Dr. Marshall, Mr. Phillips, MayorWard, Mr. Addison, Ms. Mackey,  Motion carries unanimously. V. REPORTS FROM CITY MANAGER  G-2647  Accept finance report for period ending January 31, 2024  Rick Overgaard gave the following report: General Fund revenues for the month of January, the fourth month of the fiscal year, were $6,332,713. Major revenues collected for the month include Property taxes of $5,413,985, Franchise taxes of $21,366, Permits of $23,725, Fines and Forfeitures of $60,493, Charges for Services of $200,148, Other Agencies of $39,000, and Interest of $105,700. Sales tax collected and recognized as revenue in January was $442,885. Fiscal year to date sales tax is $1,782,828, an increase of 20.2% over last year at this time. General Fund revenues collected through the end of January were $16,166,233 General Fund expenditures for the month of January were $2,367,573. Fiscal year to date expenditures were $7,270,558 and 29.6% of the adopted budget. Fiscal year to date expenditures increased compared to last year because EMS salaries were reimbursed from the American Rescue Plan Act (ARPA). The ARPA grant Total General Fund revenues of $16,166,233 were more than total General Fund Debt Service revenues for the month of January totaled $739,974. $401,489 was from property tax and $338,485 was a transfer from the Stormwater Fund to cover the drainage related debt service. Fiscal year to date revenues total $1,336,107. Debt Service payments of $1,249,217 were made at the end of January. Total revenues of$1,336,107 exceeded total expenditures of $1,249,217 by $86,890. EDC revenues for January were $232,407. EDC expenditures for January were Revenues received for January were $158,704 from stormwater utility fees, mineral lease revenue, and interest earnings. Expenditures fori the Capital Projects Fund were $362,310 for January. January expenditures included the Dutch Branch Drainage Study, Storm Drain Assessment, and a transfer out of $338,485 for stormwater related debt. Expenditures exceeded revenues by $203,606. Sufficient funds are available in the current fund balances of the Capital Projects Fund. This fund operates on a project basis rather than a specific fiscal year.  and 65.9% of the budget.  expired in October 2023.  expenditures of $7,270,558 by $8,895,675.  $43,734. Revenues exceeded expenditures by $188,673.  2    On January 31, 2024, the City had $43,090,290 invested at varying interest rates; Staff recommends that City Council accept the finance report for the period ending Motion by Mr. Addison, second by Mr. Phillips to accept the finance report for period  the EDC had $8,467,789 available.  January 31, 2024. ending January 31, 2024. Vote on the Motion: Mr. Tiner Noes: None  Ayes: Ms. Franklin, Dr. Marshall, Mr. Phillips, Mayor Ward, Mr. Addison, Ms. Mackey,  Motion carries unanimously. VI. INFORMAL CITIZEN COMMENTS  VII. COUNCIL MEMBER AND STAFF COMMENTS  Councimember Franklin provided information on upcoming events: Friday, March 1, 2024 - American Legion Post 297 Monthly Fish Fry Saturday, March 2, 2024 - Benbrook Lions Club Annual Chili Supper & Auction Sunday, March 3, 2024 - Artisan Market at Dutch Branch Park  and VFW Post 10429 Monthly Steak Night  VIII. ADJOURNMENT  Meeting adjourned at 7:39 p.m.  APPROVED:  ATTEST:  *  mtean  3