Page 24 - Mansfieldr FY20 Approved Budget

SPECIAL REVENUE FUNDS

Hotel/Motel Tax Fund

The Hotel/Motel Tax Fund budget is derived from tax revenue assessed on hotel rooms within the City of
Mansfield. Seven hotels are located within City limits with approximately 504 beds. In early 2020, an
eighth hotel is scheduled to open with an additional 88 beds. The budget for FY 2019-2020 is $791,563.

Several factors have contributed to revenue in the Hotel Occupancy Tax Fund, including greater emphasis
on tourism, new improvements to recreational venues such as Big League Dreams Sports Park,
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Fieldhouse USA, Dallas Stars Center and Hawaiian Falls, increased special events such as Rockin’ 4 of
July, downtown events including music, film and arts festivals, and regional sports tournaments including
the Rotary Basketball Tournament and Future Men’s Professional Tennis Tournament.

Mansfield Park Facilities Development Corporation (MPFDC) Fund

Revenues

The revenues for the MPFDC Fund in FY 2019-2020 are $9,119,244 to fund the program. Revenues are
derived from a ½ cent sales tax approved by the voters in 1992. Since inception, these revenues have
steadily increased. Sales tax revenue for operations is estimated to be $3,326,031. User fee revenue is
estimated to be $1,921,226 including recreation fees and contract lease payments from the Hawaiian Falls
Water Park, Big League Dreams, Fieldhouse USA, Mansfield National Golf Course, and the Dallas Stars
Center.

Staffing

One full-time position and seven part-time positions (totaling 3.25 full-time equivalents) were added in
FY 2019-2020.

Operations and Maintenance

The operating budget increased 14.4% in FY 2019-2020.

Transfers

Approximately $10,000 is budgeted for the MPFDC portion of property insurance coverage.

Equipment

$200,000 in new equipment is budgeted in FY 2019-2020.

Debt

The debt service payment in the Mansfield Park Facilities Development Corporation is $3,159,861.

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