Page 288 - Mansfield 2019 Operating Budget
P. 288
CAPITAL PROJECTS FUNDS
On October 28, 2013, City Council adopted the Modified Long Range Financial and Capital Expenditure
Plan. Included in the plan were projected revenues and expenditures for operational costs, staffing costs
and major capital improvements identified by staff and supported by Management and City Council. In
FY 2018-2019, major projects are budgeted in various funds including Street Construction, Utility
Construction, Drainage Construction, Building Construction, Parks Construction, Economic Development
Construction and Equipment Replacement. Funding for these projects comes from a variety of sources,
including but not limited to, General Obligation Bonds, Revenue Bonds, Certificates of Obligation,
Impact Fees, Contributions, Grants, Fund Reserves and Intergovernmental Transfers. Total estimated
capital expenditures for these projects for FY 2018-2019 is $37,780,811.
2018-2019 Capital Projects
Building Equipment
MEDC 7% TBD
8% Streets
Drainage 33%
2%
Utilities
37%
Parks
13%
Funding Sources
2018-2019 Utility Street Building Equipment Parks Drainage MEDC
Funding Sources Fund Fund Fund Fund Fund Fund Fund Total
Bonds 7,350,000 2,662,000 $ 10,012,000
Impact Fees 1,100,000 700,000 1,800,000
Prior Year Funding 12,687,112 4,571,699 TBD 5,090,000 620,000 3,000,000 25,968,811
Contributions -
Transfers -
Expense Recovery -
Grants -
Total Sources $ 13,787,112 $ 12,621,699 $ 2,662,000 $ - $ 5,090,000 $ 620,000 $ 3,000,000 $ 37,780,811
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