Page 26 - Mansfieldr FY20 Approved Budget

CAPITAL PROJECT FUNDS

The Capital Improvement Program is developed with the following guidelines whenever possible:

The Capital Improvement Program is developed to match costs against expenses occurring in
corresponding periods of time. In other words, the development and timing of infrastructure
improvements is crucial to maintaining current and future developments while maintaining or lowering
debt ratios. Development fees offset the amount of borrowings in the Street and Utility Construction
funds. Over the next ten years, it is estimated that roadway impact fees will pay for approximately 10%
($10M) of the $100M in street improvements, and water and sewer impact fees will pay for
approximately 21% ($15M) of the $72M in planned water/sewer improvements.

The impact of infrastructure improvements on operating and maintenance costs is evaluated and measured
annually during the budget development process and during revisions to the Long Term Financial Plan.
Operating and Maintenance cost impacts in FY 2019-2020 are reflected in increases in supply costs,
staffing increases and in additional service requirements related to expansion of existing facilities, new
facilities and transmission lines.

Street Construction Fund

Street and roadway improvements in FY 2019-2020 are budgeted at $14,789,965. Street impact fees will
be utilized wherever possible to supplement funding for these projects. In FY 2019-2020, the City
anticipates issuing $11,050,000 in bonds for street improvements as identified by Staff and approved by
City Council.

Utility Construction Fund

Utility improvements in FY 2019-2020 are budgeted at $21,070,008. Impact fees and operating cash from
prior years will fund these projects. Water & Sewer impact fees will be utilized wherever possible to
supplement funding for these projects.

Building Construction Fund

Facility improvements in FY 2019-20 include $12,051,025 for the construction of Fire Station #5, design
of a new Police Headquarters, Wayfinding signage, Man House renovations, and a library expansion.

MPFDC Construction Fund

Park improvements in FY 2019-2020 are budgeted at $4,200,000 of which $3,750,000 is for the design
and construction of the Walnut Creek Linear Park. Other projects include a Dog Park, bicycle lanes, a
playground, and land acquisition for future parks.

MEDC Construction Fund

Economic Development projects in the amount of $3,000,000 are budgeted for FY 2019-2020 for
continued development of the Mansfield International Business Park.

Equipment Replacement Fund

Vehicles, equipment and technology and facility improvements in FY 2019-2020 are budgeted at
$3,147,135, of which $882,597 will be transferred from the General Fund.

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