Page 104 - City of Mansfield FY22 Operarting Budget
P. 104
CITY OF MANSFIELD, TEXAS
ENVIRONMENTAL SERVICES FUND
BUDGET SUMMARY
2021/2022
ACTUAL BUDGET BUDGET
2019/2020 2020/2021 2021/2022
Beginning Net Assets $ 9,493,103 $ 10,621,641 $ 10,621,641
Additions:
Drainage Fee 2,584,618 2,683,038 2,709,868
Interest Income 8,686 - -
Other Income 26,505 - -
Total 2,619,809 2,683,038 2,709,868
Assets Available 12,112,912 13,304,680 13,331,509
Deductions:
Administrative/Operations 1,096,928 1,421,040 1,345,514
Transferred to Debt Service 115,508 519,750 526,710
Project Appropriations 93,393 - 80,000
Reserve - 611,480 626,877
Depreciation Expense 180,251 - -
Bond Coverage 5,191 130,769 130,768
Total 1,491,271 2,683,039 2,709,868
Ending Net Assets $ 10,621,641 $ 10,621,641 $ 10,621,641
The Environmental Services fund balance increased 11.9% in FY20 due to a combination of increased
development (new residential and commercial accounts) as well as expense savings due to the Covid-19
shutdown.
*Budget is Adopted and Final Budget.
103
