Page 23 - Mansfield 2019 Operating Budget

GENERAL FUND

Revenues

The overall General Fund budget for FY 2018-2019 is $62,320,874 or an increase of 8.4% over expected
revenues in FY 2017-2018. Property tax collections make up approximately 55.5% of the General Fund
operating revenue. Property tax revenue increased approximately $3,278,442. Revenue increases include
sales tax, franchise tax, permits and other miscellaneous revenues. Projected sales tax revenues increased
$846,763, or 7.4% from the expansion of commercial and retail tax base.

Staffing

The 2018-2019 Service Plan includes the addition of six Firefighters and four Police Officers. One more
position in the City Secretary’s department was added mid-year in FY 2017-2018. Overall, salaries and
benefits increased 7.48% or $3,048,259 due to a merit increase of approximately 3%, market adjustments,
public safety overtime, the eleven additional positions, and health insurance cost increases.

Operations and Maintenance

Operating and Maintenance costs decreased approximately 4.14% due to increased contract costs in
sanitation, tax collections and street maintenance.

Transfers

Transfers are estimated to be $590,000 for the City’s property insurance program, $457,496 for the
Fieldhouse USA project and supplemental funding for the Law Enforcement Center of $2,518,329.

Equipment

The City will finance approximately $800,000-$1,000,000 in equipment including public safety vehicles,
technology upgrades and facility improvements.

Debt

The General Obligation Debt payment is $14,899,424. The total outstanding General Obligation Debt is
$134,445,000. The City has made a conscious effort to reduce the percentage. Management and City
Council are working to reduce the costs of infrastructure improvements through the use of impact fees
and developer contributions.

21