Page 83 - Mansfieldr FY20 Approved Budget
P. 83

Environmental Services Fund

               The budgeted revenue in  the  Environmental Services  Fund  for  FY 2019-2020  is $2,661,017.  Of this
               amount, $527,070 is dedicated for principal and interest payments. The increased revenue is based on
               historical revenue patterns over the last three years.

               SPECIAL REVENUE FUND ASSUMPTIONS

               FY 2019-2020 revenues are based on a combination of factors including analysis of historical revenue,
               anticipated changes in the local economic environment and projected growth and development throughout
               the  City. The Special Revenue Fund includes the Hotel/Motel Tax  Fund,  Mansfield Park Facilities
               Development Corporation Fund and the Mansfield Economic Development Corporation Fund. Each fund
               has revenue that is unique to that fund and is described in the following illustrations.


                                                   Special Revenue Funds

                                            MPFDC            MEDC           HOTEL/MOTEL
                     $7,000,000

                     $6,000,000
                     $5,000,000

                     $4,000,000
                     $3,000,000

                     $2,000,000
                     $1,000,000

                            $0
                                     2016          2017          2018       Budget 2019   Budget 2020


               Hotel/Motel Tax Fund

               The budgeted  revenue  for FY 2019-2020  in the  Hotel/Motel Tax  Fund  is $791,563  or  an increase of
               7.1% over FY 2018-2019. Revenue from this fund is derived from a hotel/motel tax of 7% on hotel and
               motel occupied rooms within the City of Mansfield. In FY 2012-2013, the City expanded the tourism
               program to develop a City-wide marketing strategy to attract special events, conferences and sporting
               events that promote the use of hotels within the City of Mansfield.  Nearby Arlington’s Dallas Cowboy’s
               AT&T Stadium and local venues including Big League Dreams Sports Park, Hawaiian Falls Water Park,
               and Fieldhouse USA have contributed to the increased demand for hotel space. The Dallas Stars Center
               that recently opened in 2018 will also have a positive impact on attracting visitors to local hotels.

               Mansfield Park Facilities Development Corporation

               The  operating  budgeted  revenue for FY 2019-2020  in  the  Mansfield Park Facilities Development
               Corporation  (MPFDC) budget is  $5,959,383  for operations and an additional  $3,159,861  in sales tax
               revenue to pay for debt service. In 1992, the citizens voted a ½ cent sales tax to provide parks, cultural
               facilities and equipment to enhance and expand the City of Mansfield’s park system. The primary sources
               of  revenue  from  this  fund  are  derived  from  sales  tax, grants,  impact  fees  and  rental  fees.  Sales  tax


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