Page 282 - Mansfieldr FY20 Approved Budget

Actual Actual Budget Budget
MEDC 2016/2017 2017/2018 2018/2019 2019/2020
Demand
Value of MEDC Projects $ 93,550,477 $ 27,192,915 $ 28,008,702 $ 29,409,138
Businesses Retained 98% 98% 98% 98%
Contractual MEDC Commitments $ 11,984,393 $ 1,279,600 $ 1,317,988 $ 1,383,887

Workload

Value of MEDC Projects $ 93,550,477 $ 27,192,915 $ 28,008,702 $ 29,409,138
Businesses Retained 98% 98% 98% 98%

Contractual MEDC Commitments $ 11,984,393 $ 1,279,600 $ 1,317,988 $ 1,383,887
New Capital Investment $ 93,550,477 $ 27,192,915 $ 28,008,702 $ 29,409,138

Business Expansions 5 3 5 3
Jobs Created or Retained by Activity 442 350 455 350
Productivity
Contracted Projects 12 5 8 6

New Capital Investment $ 93,550,477 $ 27,192,915 $ 28,008,702 $ 29,409,138

Average Monthly Visits to Industry - 20 - 20
Jobs Created or Retained by Activity 442 350 455 350
Effectiveness

Value of MEDC Projects $ 93,550,447 $ 27,192,915 $ 28,008,702 $ 29,409,138
Businesses Retained 98% 98% 98% 98%
Contractual MEDC Commitments $ 11,984,393 $ 1,279,600 $ 1,317,988 $ 1,383,887
New Commercial Business 7 2 6 5

Measurable Outcomes:
• Construction of infrastructure for Mansfield International Business Park.
• Identify and work with a hotel development partner.
• Bring new uses to downtown Mansfield.

Actual Actual Budget Budget % Change
Departments 2016-2017 2017-2018 2018-2019 2019-2020 2019-2020
Administration $ 854,747 $ 821,752 $ 825,963 $ 715,464 -13.38%
Promotions 97,600 61,139 62,700 58,700 -6.38%
Business Retention 13,643 18,621 24,600 24,600 0.00%
Work Force Development 2,299 1,185 22,000 22,000 0.00%
Debt 814,927 2,390,343 2,657,375 2,651,125 -0.24%
Transfers/Other/Reserves 258,325 261,517 638,225 455,630 -28.61%
Projects* 2,650,747 2,584,898 1,833,027 2,573,373 40.39%
Total $ 4,692,287 $ 6,139,454 $ 6,063,890 $ 6,500,892 7.21%

Division Actual Actual Budget Budget % Change
Summary 2016-2017 2017-2018 2018-2019 2019-2020 2019-2020
Personnel Services $ 573,356 $ 601,065 $ 572,838 $ 515,461 -10.02%
Operations 394,933 301,631 362,425 305,303 -15.76%
Debt 814,927 2,390,343 2,657,375 2,651,125 -0.24%
Transfers/Other/Reserves 258,325 261,517 638,225 455,630 -28.61%
Projects* 2,650,747 2,584,898 1,833,027 2,573,373 40.39%
Total $ 4,692,287 $ 6,139,454 $ 6,063,890 $ 6,500,892 7.21%

*Includes additional MEDC commitments.

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