Page 116 - City of Mansfield FY22 Operarting Budget
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CITY OF MANSFIELD, TEXAS
MEDC CONSTRUCTION FUND
BUDGET SUMMARY
2021/2022
ACTUAL BUDGET BUDGET
2019/2020 2020/2021 2021/2022
Beginning Net Assets $ 7,017,022 $ 5,190,598 $ 5,190,598
Additions:
Bond Proceeds - Net - - -
Prior Year Funding - 3,000,000 1,059,078
Interest 29,708 - -
Total 29,708 3,000,000 1,059,078
Assets Available 7,046,730 8,190,598 6,249,676
Deductions:
Project Appropriations 1,856,132 3,000,000 1,059,078
Total 1,856,132 3,000,000 1,059,078
Ending Net Assets $ 5,190,598 $ 5,190,598 $ 5,190,598
MEDC construction projects in FY20 lowered the fund balance by 26%.
*Budget is Adopted and Final Budget.
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