Page 147 - City of Mansfield FY22 Operarting Budget

Performance Measures
Actual Actual Budget Budget
Finance 2018/2019 2019/2020 2020/2021 2021/2022
Demand

Debt Issuances 1 1 2 1
Investment Reports 10 10 10 10

Bond Ratings Reviews 1 1 2 1

PID Assessments 1 1 1 1
Workload
Debt Managed (Millions) 240M 260M 243M 234M
Average Daily Investments (Millions) 68M 70M 70M 71M
Operating Budgets Managed (Millions) 175M 204M 183M 246M
Tax Collections (Millions) 49M 55M 58M 59M
Productivity
Tax Collection Rate 100% 99% 100% 100%
GFOA Annual Financial Report Award 1 1 1 1
Departmental Budget Meetings 20 24 20 26
Effectiveness
Percent Savings of Bond Upgrades 2% 2% 2% 2%
Debt as a Percentage of Total Taxes 33% 33% 31% 32%
Fund Balance-General Fund $17,409,306 $22,187,299 $17,409,306 $22,187,299
Fund Balance Requirement of 25% Accomplished 100% 100% 100% 100%

Measurable Outcomes:
• Meet the 25% fund balance requirement.
• Maintain or improve current debt ratios.
• Maintain or improve the bond ratings from all three major Bond Rating Agencies.

Finance Actual Actual Budget Budget 2021-2022 % Change
Summary 2018-2019 2019-2020 2020-2021 2021-2022
Personnel Services $ 571,900 $ 556,933 $ 150,291 $ 431,061 186.82%

Operations 100,072 52,099 72,458 66,094 -8.78%

Total $ 671,972 $ 609,032 $ 222,749 $ 497,155 123.19%

Finance 2019-2020 2020-2021 2021-2022 2021-2022
Full Time Equivalent Positions Budget Budget Budget Change
Deputy City Manager/Finance Director 1 0 0
Chief Financial Officer - - 1 1
Assistant Finance Director 1 1 1
Financial Analyst 1 0 0
Total 3 1 2 1

Contact: Troy Lestina, 817-276-4258

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