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Benbrook council accepts February finance report; revenues exceed expenditures by $8.2 million
Summary
City Council accepted the finance report for the period ending Feb. 28, 2025, after City Manager Rick Overgaard reported fiscal year-to-date revenues of $18.9 million and expenditures of $10.7 million, leaving a year-to-date surplus of $8.2 million. Council voted unanimously.
Benbrook City Council voted unanimously March 20 to accept the monthly finance report for the period ending Feb. 28, 2025.
City Manager Rick Overgaard told the council the general fund had fiscal year-to-date revenues of $18,893,557, or 71.2% of budget, and expenditures of $10,686,442, or 40.3% of budget, leaving revenues exceeding expenditures by $8,207,115. Overgaard said February receipts included $2,810,335 in property tax revenue, $337,896 in sales tax for the month (fiscal year-to-date sales tax $1,932,153, 6.9% below last year through February), and $98,736 in charges for services.
"The staff recommends that city council accept the finance report for the period ending 02/28/2025," Overgaard said.
Overgaard also reported February expenditures by function, including $1,029,926 for public safety and $407,436 for infrastructure and asset maintenance. He noted capital projects spending in February included work on the Cedar Creek and Timberline drainage project and a low-water crossing project. The city reported $40,186,833 invested; the Economic Development Corporation reported $7,245,049 invested.
Councilmember Laura Mackey made the motion to accept the report; Dr. Howard seconded. The council recorded five affirmative votes and no dissent.
The finance report acceptance followed the council's earlier routine approval of minutes from its March 6 meeting. No public comments were offered on the finance item.
