Page 288 - Mansfieldr FY20 Approved Budget

CAPITAL PROJECTS FUNDS

On October 28, 2013, City Council adopted the Modified Long Range Financial and Capital Expenditure
Plan. Included in the plan were projected revenues and expenditures for operational costs, staffing costs
and major capital improvements identified by staff and supported by Management and City Council. In
FY 2019-2020, major projects are budgeted in various funds including Street Construction, Utility
Construction, Drainage Construction, Building Construction, Parks Construction, Economic Development
Construction and Equipment Replacement. Funding for these projects comes from a variety of sources,
including but not limited to, General Obligation Bonds, Revenue Bonds, Certificates of Obligation,
Impact Fees, Contributions, Grants, Fund Reserves and Intergovernmental Transfers. Total estimated
capital expenditures for these projects for FY 2019-2020 is $58,898,586.

2019-2020 Capital Projects

Equipment
5% Streets
25%
Building
21%

MEDC
5% Parks

Drainage 7%
1%

Utilities
36%

Funding Sources

2019-2020 Utility Street Building Equipment Parks Drainage MEDC
Funding Sources Fund Fund Fund Fund Fund Fund Fund Total

Bonds 11,050,000 12,051,025 2,264,538 4,200,000 3,000,000 $ 32,565,563
Impact Fees 1,100,000 700,000 $ 1,800,000
Prior Year Funding 19,970,008 3,039,965 640,453 $ 23,650,426
Contributions $ -

Transfers 882,597 $ 882,597
Expense Recovery $ -
Grants $ -
Total Sources $ 21,070,008 $ 14,789,965 $ 12,051,025 $ 3,147,135 $ 4,200,000 $ 640,453 $ 3,000,000 $ 58,898,586

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