Page 26 - Mansfield 2019 Operating Budget

SPECIAL REVENUE FUNDS

Hotel/Motel Tax Fund

The Hotel/Motel Tax Fund budget is derived from tax revenue assessed on hotel rooms within the City of
Mansfield. Seven hotels are located within City limits with approximately 504 beds. The budget for FY
2018-2019 is $739,040.

Several factors have contributed to revenue in the Hotel Occupancy Tax Fund, including greater emphasis
on tourism, new improvements to recreational venues such as Big League Dreams Sports Park,
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Fieldhouse USA, Dallas Stars Center and Hawaiian Falls, increased special events such as Rockin’ 4 of
July, downtown events including music and arts festivals, and regional sports tournaments including the
Rotary Basketball Tournament and Future Men’s Professional Tennis Tournament.

Mansfield Park Facilities Development Corporation (MPFDC) Fund

Revenues

The revenues for the MPFDC Fund in FY 2018-2019 are $5,486,065 to fund operations and maintenance,
plus $3,154,395 appropriated for debt service. Revenues are derived from a ½ cent sales tax approved by
the voters in 1992. Since inception, these revenues have steadily increased. Sales tax for operations is
estimated to be $2,907,495. User fee revenue is estimated to be $1,707,000 including recreation fees and
contract payments from the Hawaiian Falls Water Park, Big League Dreams, Fieldhouse USA, Mansfield
National Golf Course, and the Dallas Stars Center.

Staffing

One part-time position was converted to full time and one part-time receptionist for the new Parks
Administration office was added in FY 2018-2019.

Operations and Maintenance

The operating budget, exclusive of estimated funds available for projects, increased less than 1% in FY
2018-2019.

Transfers

Approximately $10,000 is budgeted for the MPFDC portion of property insurance coverage.

Equipment

$200,000 in new equipment is budgeted in FY 2018-2019.

Debt

The debt service payment in the Mansfield Park Facilities Development Corporation is $3,154,395.

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