Page 149 - Mansfield 2019 Operating Budget

Actual Actual Budget Budget
Finance 2015/2016 2016/2017 2017/2018 2018/2019
Demand
Annual Audit 1 1 1 1
Financial Reports to City Council 12 12 12 12

Invoices Submitted for Payment 17,737 17,986 18,500 19,100
Checks Processed 8,119 8,344 9,000 9,357
Purchasing Cards Processed 147 147 175 178

Workload
Debt Managed (Millions) 238M 256M 227M 240M
Average Daily Investments (Millions) 80M 66M 67M 68M
Operating Budgets Managed (Millions) 191M 173M 205M 175M
Tax Collections (Millions) 38.3M 41M 45.7M 49.5M
Productivity
Tax Collection Rate 100% 100% 100% 100%
GFOA CAFR Award 1 1 1 1
Departmental Budget Meetings 15 15 20 25
Effectiveness
Percent Savings of Bond Upgrades 2% 2% 2% 2%
Debt as a Percentage of Total Taxes 35% 34% 33% 33%
Fund Balance-General Fund 13,076,981 14,476,031 14,476,031 16,500,000

Fund Balance Requirement of 25% Accomplished 100% 100% 100% 100%

Measurable Outcomes:
• Due to timing of debt issuance, debt ratios have remained constant.
• In 2019, the Fund Balance will exceed $16,000,000.
• The City will maintain or improve the bond ratings from all three major Bond Rating Agencies.

Finance Actual Actual Budget Budget % Change
Summary 2015-2016 2016-2017 2017-2018 2018-2019 2018-2019
Personnel Services $ 445,771 $ 534,228 $ 536,784 $ 558,410 4.03%

Operations 67,965 93,344 60,604 60,604 0.00%
Total $ 513,736 $ 627,573 $ 597,388 $ 619,014 3.62%

2016-2017 2017-2018 2018-2019 2018-2019
Full Time Equivalent Positions Budget Budget Budget Additions
Deputy City Manager 1 1 1
Asst. Business Services Director 1 1 1
Financial Analyst 1 1 1
Total 3 3 3 0

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