Page 22 - City of Mansfield FY22 Operarting Budget

CAPITAL PROJECT FUNDS

The Capital Improvement Program is developed with the following guidelines whenever possible:

The Capital Improvement Program is developed to match costs against expenses occurring in
corresponding periods of time. In other words, the development and timing of infrastructure
improvements is crucial to maintaining current and future developments while maintaining or lowering
debt ratios. Impact fees offset the amount of borrowings in the Street and Utility Construction funds.

The impact of infrastructure improvements on operating and maintenance costs is evaluated and measured
annually during the budget development process and during revisions to the Long-Term Financial Plan.
Operating and Maintenance cost impacts in FY 2021-2022 are reflected in increases in supply costs,
staffing increases and in additional service requirements related to expansion of existing facilities, new
facilities, and transmission lines.

Street Construction Fund

Street and roadway improvements in FY 2021-2022 are budgeted at $31,802,742. Street impact fees will
be utilized wherever possible to supplement funding for these projects.

Utility Construction Fund

Utility improvements in FY 2021-2022 are budgeted at $16,863,577. Impact fees and operating cash from
prior years will fund these projects. Water & Sewer impact fees will be utilized wherever possible to
supplement funding for these projects.

Building Construction Fund

Facility improvements in FY 2021-2022 include $33,447,425 for the construction of improvements to the
Public Library, Police Headquarters, Police/Fire Joint Training Facility, and the Man House Museum.

MPFDC Construction Fund

Park improvements in FY 2021-2022 are budgeted at $10,092,229 and include land acquisition and
existing park and linear trail improvements.

MEDC Construction Fund

Economic Development projects in the amount of $1,059,078 are budgeted for FY 2021-2022 for
roadway projects and continued development of the Mansfield International Business Park.

Equipment Replacement Fund

Vehicles, equipment and technology, and facility improvements in FY 2021-2022 are budgeted at
$1,924,648 which will be transferred from the General Fund.

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