Page 112 - Mansfieldr FY20 Approved Budget
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CITY OF MANSFIELD, TEXAS
MANSFIELD ECONOMIC DEVELOPMENT CORPORATION
BUDGET SUMMARY
2019/2020
ACTUAL BUDGET BUDGET
2017/2018 2018/2019 2019/2020
Beginning Net Assets $ 2,336,493 $ 1,202,766 $ 1,202,766
Additions:
Sales Tax Revenue 3,408,670 3,404,515 3,834,767
Bond Proceeds - - -
Prior Year Funding - - -
Other Income 107,220 - -
Interest - 2,000 15,000
Total 3,515,890 3,406,515 3,849,767
Assets Available 5,852,383 4,609,281 5,052,533
Deductions:
Administration 1,803,202 935,263 820,764
Other Operating Expenses - 27,099 37,540
Transfer to other Funds 258,465 258,400 266,400
Reserve - 352,726 151,690
Depreciation 3,052 - -
Project Appropriation 2,584,898 1,833,027 2,573,373
Total 4,649,617 3,406,515 3,849,767
Ending Net Assets $ 1,202,766 $ 1,202,766 $ 1,202,766
*Budget is Adopted and Final Budget.
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