Page 274 - City of Mansfield FY22 Operarting Budget
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MANSFIELD ECONOMIC DEVELOPMENT CORPORATION
Budget Summary
The Mansfield Economic Development Corporation is funded by a ½ cent sales tax approved by the
citizens. The tax became effective on July 1, 1997.
The MEDC budget increased 11.02% overall due to projected increases in project commitments, as well
as a partial salary allocation for the Assistant City Manager.
MEDC Actual Actual Budget Budget % Change
Departments 2018-2019 2019-2020 2020-2021 2021-2022 2021-2022
Administration $ 566,995 $ 567,532 $ 719,596 $ 805,338 11.92%
Promotions 41,444 33,003 53,200 55,900 5.08%
Business Retention 7,218 9,199 24,600 24,600 0.00%
Work Force Development 1,475 13 22,000 12,000 -45.45%
Debt 2,660,049 2,653,799 2,663,484 2,660,857 -0.10%
Transfers/Other/Reserves 328,900 311,202 305,029 305,029 0.00%
Projects 2,237,251 2,063,828 2,974,306 3,643,817 22.51%
Total $ 5,843,332 $ 5,638,576 $ 6,762,215 $ 7,507,541 11.02%
Division Actual Actual Budget Budget % Change
Summary 2018-2019 2019-2020 2020-2021 2021-2022 2021-2022
Personnel Services $ 403,375 $ 417,975 $ 540,713 $ 624,901 15.57%
Operations 213,757 191,771 278,683 272,937 -2.06%
Debt 2,660,049 2,653,799 2,663,484 2,660,857 -0.10%
Transfers/Other/Reserves 328,900 311,202 305,029 305,029 0.00%
Projects 2,237,251 2,063,828 2,974,306 3,643,817 22.51%
Total $ 5,843,332 $ 5,638,576 $ 6,762,215 $ 7,507,541 11.02%
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