Page 28 - Mansfield 2019 Operating Budget

CAPITAL PROJECT FUNDS

Historically, the Capital Improvement Program has preceded development in all areas of the City. The
Capital Improvement Program is developed with the following guidelines whenever possible:

The Capital Improvement Program is developed to match costs against expenses occurring in
corresponding periods of time. In other words, the development and timing of infrastructure
improvements is crucial to maintaining current and future developments while maintaining or lowering
debt ratios. Since 1995, development fees have funded approximately $117,833,688 in improvements.
Development fees offset the amount of borrowings in the Street and Utility Construction funds.

The impact of infrastructure improvements on operating and maintenance costs is evaluated and measured
annually during the budget development process and during revisions to the Long Term Financial Plan.
Operating and Maintenance cost impacts in FY 2018-2019 are reflected in increases in supply costs,
staffing increases and in additional service requirements related to expansion of existing facilities, new
facilities and transmission lines.

Street Construction Fund

Street and roadway improvements in FY 2018-2019 are budgeted at $12,621,299. Street impact fees will
be utilized wherever possible to supplement funding for these projects. In FY 2018-2019, the City
anticipates issuing $10,000,000 in bonds for street improvements as identified by Staff and approved by
City Council.

Utility Construction Fund

Utility improvements in FY 2018-2019 are budgeted at $13,787,112. Revenue bonds, impact fees, and
operating cash from prior years will fund these projects. Water & Sewer impact fees will be utilized
wherever possible to supplement funding for these projects.

Building Construction Fund

Facility improvements in FY 2018-2019 include $2,662,000 for design and land acquisition of Fire
Station #5, Wayfinding Signage, Downtown Master Plan and Man House renovations.

MPFDC Construction Fund

Park improvements in FY 2018-2019 are budgeted at $5,090,000 of which $2,775,000 is for the design
and construction of the Walnut Creek Linear Park. Other projects include a Dog Park and Pond Branch
Linear Park Phase II.

MEDC Construction Fund

Economic Development projects in the amount of $3,000,000 are budgeted for FY 2018-2019 for
development of the Mansfield International Business Park.

Equipment Replacement Fund

Vehicles, equipment and technology improvements in FY 2018-2019 are estimated to be between
$800,000 and $1,000,000 based on historical averages.

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