Page 64 - Mansfield 2019 Operating Budget

General Fund Strategic Plan Summary

2024 2025 2026 2027 2028
Projected Projected Projected Projected Projected

BEGINNING FUND BALANCE $ 22,815,176 $ 23,828,849 $ 25,547,856 $ 27,495,997 $ 29,647,295

REVENUE DESCRIPTION
Ad Valorem Taxes 57,282,013 63,396,717 69,898,199 75,921,559 81,273,564
Sales & Use Taxes 15,797,796 16,429,708 17,086,896 17,770,372 18,481,187
Franchise Taxes 7,822,319 8,056,988 8,298,698 8,547,659 8,804,089
Licenses & Permits 1,895,850 1,895,850 1,723,500 1,723,500 1,723,500
Fines & Forfeitures 2,271,571 2,317,003 2,363,343 2,410,610 2,458,822
Interfund Transfers 1,449,913 1,449,913 1,449,913 1,449,913 1,449,913
Other Revenue 2,850,261 2,907,266 2,965,411 3,024,720 3,085,214

Total Projected Revenue: 89,369,723 96,453,445 103,785,960 110,848,332 117,276,288
Percentage Change 6.3% 7.9% 7.6% 6.8% 5.8%

EXPENDITURES
General 4,154,546 4,441,279 4,726,547 5,032,399 5,292,283
Business 7,323,662 7,779,950 8,241,030 8,732,373 9,041,793
Police 32,259,844 35,396,899 38,596,785 41,249,480 43,801,774
Fire 20,808,578 22,455,695 24,221,923 26,140,807 28,119,556
Planning & Development 5,820,483 6,256,946 6,686,144 7,148,437 7,558,080
Public 7,761,364 8,260,410 8,760,863 9,295,544 9,635,194
Community 6,416,847 6,884,021 7,345,287 7,841,323 8,241,688
Other 3,810,726 3,259,240 3,259,240 3,256,672 3,259,240
Capital

TOTAL EXPENDITURES 88,356,050 94,734,438 101,837,819 108,697,034 114,949,607

PROJECTED SOURCES(USES) $ 1,013,673 $ 1,719,007 $ 1,948,141 $ 2,151,298 $ 2,326,681

Projected Ending Fund Balance $ 23,828,849 $ 25,547,856 $ 27,495,997 $ 29,647,295 $ 31,973,976
Target Fund Balance 23,683,610 25,459,455 27,174,259 29,076,457 31,036,394
Projected Surplus(Deficit) $ 145,239 $ 88,401 $ 321,738 $ 570,838 $ 937,582

PROJECTED DEBT SERVICE
Property Taxes 20,284,832 20,298,169 20,157,188 20,646,068 21,091,291
Debt Ratio-% of Tax Rate 29% 27% 26% 25% 24%
Debt Ratio-% of Total Budget 18% 17% 16% 16% 15%

62