Page 18 - City of Mansfield FY22 Operarting Budget

GENERAL FUND

Revenues
The overall General Fund budget for FY 2021-2022 is $77,132,437 or an increase of 6.9% over expected
revenues in FY 2020-2021. Property tax collections make up approximately 56% of the General Fund
operating revenue. Property tax revenue increased $2,331,520, of which $2,118,898 is from new
residential and commercial construction. Other revenue increases include sales tax, franchise tax, permits
and ambulance fees. Projected sales tax revenues increased $1,488,989, or 11%, and permits have
increased $1,112,719 or 57.6% over last year’s budget.

Staffing
The 2021-2022 Service Plan includes the addition of 13 full-time equivalent positions. Other staffing
changes occurred because of reallocation and distribution of salaries. Overall, salaries and benefits
increased 7.9% or $3,016,619 due to the addition of personnel, a 2.5% cost of living allowance (COLA),
an hourly rate increase for part-time employees, and a single-payment merit provision.

Operations and Maintenance
Operating and Maintenance costs increased 15.6% due primarily to program/service additions, such as the
Rental Inspection Program and Health Inspection Program, which are revenue neutral. This increase also
represents a rise in cost for the Sanitation contract, which is also offset by revenue. The Street Department
budget was increased to address concerns voiced in the Citizen Survey, and other programs such as those
which address communications and community engagement were also expanded to enhance service to the
citizens.

Transfers
Transfers are estimated to be $848,985 for the City’s auto and property insurance, $221,132 for the
Fieldhouse USA project, and $1,924,648 to the Equipment Replacement Fund.

Equipment
The General Fund transfer of $1,924,648 will address new and replacement vehicles for the Police, Fire,
Facilities Maintenance, Building Safety, Engineering, Planning, and Street departments. These funds will
also be used to purchase servers for Police and the Information Technology Department, improvements
and technology upgrades for the Emergency Operations Center, equipment for the Public Grounds
Department, and building facility improvements City-wide.

Debt
The General Obligation Debt payment is $16,410,032 in FY 2021-2022. In addition, the City will also
pre-pay $2,500,000 of debt in February 2022 which will result in savings of $732,000 over the life of the
bond. Management and City Council continue to make conscious efforts to reduce the overall debt ratio
and to reduce the costs of infrastructure improvements through the use of impact fees and developer
contributions. The total outstanding General Obligation Debt is $151,135,000. This number includes the
remaining debt on the Law Enforcement Center.

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