Page 63 - Mansfield 2019 Operating Budget

General Fund Strategic Plan Summary

2019 2020 2021 2022 2023
Budgeted Projected Projected Projected Projected

BEGINNING FUND BALANCE $ 16,500,024 $ 16,500,024 $ 17,858,901 $ 19,512,440 $ 21,196,596

REVENUE DESCRIPTION
Ad Valorem Taxes 34,590,787 40,323,579 44,220,826 48,469,211 52,923,936
Sales & Use Taxes 12,306,425 13,167,875 13,910,429 14,605,951 15,190,189
Franchise Taxes 6,747,601 6,950,029 7,158,530 7,373,286 7,594,484
Licenses & Permits 2,128,200 1,895,850 1,895,850 1,895,850 1,895,850
Fines & Forfeitures 2,057,432 2,098,581 2,140,552 2,183,363 2,227,031
Interfund Transfers 1,908,861 1,449,913 1,449,913 1,449,913 1,449,913
Other Revenue 2,581,568 2,633,200 2,685,865 2,739,581 2,794,373

Total Projected Revenue: 62,320,874 68,519,027 73,461,965 78,717,155 84,075,776
Percentage Change 8.4% 9.9% 7.2% 7.2% 6.8%

EXPENDITURES
General $ 3,011,296 $ 3,206,690 $ 3,417,234 $ 3,644,330 $ 3,889,529
Business 5,460,118 5,784,252 6,130,727 6,501,397 6,898,298
Police 20,455,538 22,380,696 24,501,672 26,839,332 29,416,826
Fire 15,108,258 16,563,323 17,802,080 18,748,920 19,749,912
Planning & Development 4,111,514 4,399,615 4,712,024 5,051,146 5,419,645
Public 5,532,302 5,875,289 6,243,390 6,866,986 7,297,879
Community 4,576,023 4,887,857 5,225,246 5,590,664 5,986,852
Other 4,065,825 4,062,428 3,776,053 3,790,224 3,798,255
Capital

TOTAL EXPENDITURES $ 62,320,874 $ 67,160,150 $ 71,808,426 $ 77,032,999 $ 82,457,196

PROJECTED SOURCES(USES) $ 0 $ 1,358,877 $ 1,653,539 $ 1,684,156 $ 1,618,580

Projected Ending Fund Balance $ 16,500,024 $ 17,858,901 $ 19,512,440 $ 21,196,596 $ 22,815,176
Target Fund Balance 16,790,038 17,952,106 19,258,250 20,614,299 22,089,013
Projected Surplus(Deficit) $ (290,014) $ (93,205) $ 254,190 $ 582,297 $ 726,163

PROJECTED DEBT SERVICE
Property Taxes 14,899,424 15,497,561 16,741,525 17,832,584 18,844,509
Debt Ratio-% of Tax Rate 32% 31% 30% 30% 29%
Debt Ratio-% of Total Budget 19% 18% 18% 18% 18%

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