Page 63 - Mansfieldr FY20 Approved Budget

General Fund Strategic Plan Summary

2025 2026 2027 2028 2029
Projected Projected Projected Projected Projected
BEGINNING FUND BALANCE $ 24,202,005 $ 26,373,058 $ 28,715,373 $ 31,089,195 $ 33,455,326
REVENUES:
Ad Valorem Taxes $ 59,953,798 $ 64,705,119 $ 69,732,476 $ 75,178,781 $ 79,537,044
Sales and Use Taxes 17,308,354 18,173,772 19,082,461 20,036,584 21,038,413
Franchise Taxes 7,435,675 7,658,746 7,888,508 8,125,163 8,368,918
Licenses and Permits 2,191,069 2,191,069 2,191,069 2,191,069 2,191,069
Fines and Forfeitures 2,273,610 2,319,083 2,365,464 2,412,774 2,461,029
Interfund Transfer 2,368,150 2,474,557 2,586,285 2,703,599 2,826,779
Other Revenue 3,203,360 3,267,427 3,332,776 3,399,431 3,467,420
TOTAL REVENUE: 94,734,017 100,789,773 107,179,039 114,047,401 119,890,672
Percentage Change 7% 6% 6% 6% 5%
EXPENDITURES:
General 4,931,123 5,209,126 5,507,096 5,826,739 6,169,922
Business 7,599,497 7,937,950 8,296,497 8,676,693 9,080,230
Police 34,354,094 37,433,398 40,815,856 44,532,022 47,329,627
Fire 21,363,076 22,298,632 23,280,612 24,311,791 25,395,148
Planning 6,298,746 6,675,902 7,081,563 7,518,238 7,988,674
Public 7,780,501 8,149,043 8,541,364 8,952,963 9,392,266
Community 6,704,490 7,084,419 7,492,290 7,930,544 8,401,849
Other 3,531,437 3,658,989 3,789,939 3,932,280 4,078,616
TOTAL EXPENDITURES: 92,562,964 98,447,459 104,805,217 111,681,271 117,836,332
BOND COVENANTS 2,171,054 2,342,315 2,373,822 2,366,131 2,054,340
PROJECTED FUND BALANCE $ 26,373,059 $ 28,715,373 $ 31,089,195 $ 33,455,326 $ 35,509,666
Target Fund Balance: 25% 24,611,865 26,201,304 27,920,318 29,874,740 31,815,810
Surplus/(Deficit) $ 1,761,193 $ 2,514,068 $ 3,168,877 $ 3,580,586 $ 3,693,856

DEBT SERVICE:
Property Taxes $ 20,615,994 $ 21,634,838 $ 22,402,868 $ 22,694,416 $ 24,006,916
Debt Ratio - % of Tax Rate 29% 28% 28% 27% 27%
Debt Ratio - % of Total Budget 18% 18% 17% 17% 17%

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