Page 21 - Mansfieldr FY20 Approved Budget

GENERAL FUND

Revenues

The overall General Fund budget for FY 2019-2020 is $68,247,371 or an increase of 9.51% over expected
revenues in FY 2018-2019. Property tax collections make up approximately 58% of the General Fund
operating revenue. Property tax revenue increased approximately $5,533,795 which includes an increase
of $517,536 in the Debt Service Fund. Revenue increases include sales tax, franchise tax, permits and
other miscellaneous revenues. Projected sales tax revenues increased $861,450, or 7% from the expansion
of commercial and retail tax base.

Staffing

The 2019-2020 Service Plan includes the addition of six Firefighters and six Police Officers, as well as
two building inspectors and two part-time positions. Overall, salaries and benefits increased 6.35% or
$2,781,553 due to merit increases, market adjustments, the fifteen additional positions, and health
insurance cost increases.

Operations and Maintenance

Operating and Maintenance costs increased approximately 2.39% due to increased contract costs in
sanitation and street maintenance, as well as the associated supply costs of adding public safety personnel.

Transfers

Transfers are estimated to be $719,068 for the City’s property insurance program, $444,100 for the
Fieldhouse USA project, $882,597 to the equipment replacement fund, and supplemental funding for the
Law Enforcement Center of $1,707,893.

Equipment

In addition to the General Fund transfer of $882,597 for public safety vehicles, technology upgrades and
facility improvements, the City will finance approximately $2,264,538 in equipment to include fire
apparatus for the new Fire Station #5.

Debt

The General Obligation Debt payment is $15,416,960. The total outstanding General Obligation Debt is
$138,605,000. The City has made a conscious effort to reduce the overall debt ratio. Management and
City Council are working to reduce the costs of infrastructure improvements through the use of impact
fees and developer contributions.

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