Page 106 - City of Mansfield FY22 Operarting Budget
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CITY OF MANSFIELD, TEXAS
MANSFIELD PARK FACILITIES DEVELOPMENT CORPORATION
BUDGET SUMMARY
2021/2022
ACTUAL BUDGET BUDGET
2019/2020 2020/2021 2021/2022
Beginning Fund Balance $ 4,943,996 $ 5,758,216 $ 5,758,216
Additions:
Sales Tax Revenue 3,641,451 3,593,857 4,333,942
Interest 57,714 24,000 12,000
Contributions 50,738 58,026 32,862
Development Fees 1,574,250 - -
Other 32,644 - -
Transfer In 1,270,798 499,592 221,132
Gas Royalty Income 90,081 120,000 100,000
Rental 1,537,333 1,922,667 2,153,000
Total 8,255,009 6,218,142 6,852,936
Funds Available 13,199,005 11,976,358 12,611,152
Deductions:
Administration 1,691,344 1,700,031 1,802,812
Operating Costs 2,859,451 3,304,798 3,586,835
Transfer Out 974,578 10,000 18,000
Reserve - 792,370 1,037,419
Project Appropriation 1,915,416 410,943 407,870
Total 7,440,789 6,218,142 6,852,936
Ending Fund Balance $ 5,758,216 $ 5,758,216 $ 5,758,216
Fund balance in FY20 increased 16% due to higher-than-expected sales tax revenue. The MPFDC also
reduced operations and maintenance during Covid-19, resulting in cost savings.
*Budget is Adopted and Final Budget.
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