Page 91 - Mansfieldr FY20 Approved Budget

SERVICE PROGRAM
FISCAL YEAR 2019-2020

MAJOR GOALS MAINTAIN FINANCIAL STABILITY

Goal Department Actions

Issue debt only in amounts approximate to debt City Administration and the Business Services
being paid off. Division will maintain current debt ratios while
continuing to maintain the current fund balance
policy of 25% of operating expenditures. The
city will maintain the AAA bond rating.

Ensure expenditures are in line with revenues. Maintain a balanced budget in all funds. Ensure
operational and staff additions do not exceed
budgeted projections or extend the City’s
ability to adequately provide for infrastructure
improvements in a growing local economy.

Create opportunity for expanded revenues. Review the current fee structure including
ambulance fees, developer fees and other fees
to generate additional revenue.

Limit the tax burden on taxpayers. Continue to retain existing commercial business
and create opportunity/incentives for new retail
and residential developments. Increase quality
projects.

Continue to encourage economic development The City will encourage quality residential and
throughout the City. commercial development to ensure average
home values continue to rise and commercial
developments provide opportunities for citizens
to utilize retail establishments within the City
of Mansfield and develop the Mansfield
International Business Park.

91