Page 281 - City of Mansfield FY22 Operarting Budget

Capital Projects Funds

On October 28, 2013, City Council adopted the Modified Long Range Financial and Capital Expenditure
Plan. Included in the plan were projected revenues and expenditures for operational costs, staffing costs
and major capital improvements identified by staff and supported by Management and City Council. In
FY 2021-2022, major projects are budgeted in various funds including Street Construction, Utility
Construction, Drainage Construction, Building Construction, Parks Construction, Economic Development
Construction and Equipment Replacement. Funding for these projects comes from a variety of sources,
including but not limited to, General Obligation Bonds, Revenue Bonds, Certificates of Obligation,
Impact Fees, Contributions, Grants, Fund Reserves and Intergovernmental Transfers. Total estimated
capital expenditures for these projects for FY 2021-2022 is $95,319,200. General Obligation Bonds will
be issued in FY 2021-2022 to fund these projects in addition to impact fees, transfers from other funds,
cash reserves, and potential contributions from Tarrant County. Partial prior year bond issuance has been
repurposed and reprioritized to fund additional capital projects.

2021-2022 Capital Projects

Equipment
2%

Streets
Building 33%
35%

MEDC
1% Parks
11%

Drainage
<1% Utilities
18%

Funding Sources

2021-2022 Utility Street Building Equipment Parks Drainage MEDC
Funding Sources Fund Fund Fund Fund Fund Fund Fund Total
Bonds 18,300,259 32,450,000 10,092,229 60,842,488
Impact Fees 1,500,000 1,000,000 2,500,000
Prior Year Funding 15,363,577 11,365,894 129,501 1,059,078 27,918,050
Prior Year Bond Repurpose 1,136,589 997,425 2,134,014
Contributions/Grants -
Transfers 1,924,648 1,924,648
Total Sources $ 16,863,577 $ 31,802,742 $ 33,447,425 $ 1,924,648 $ 10,092,229 $ 129,501 $ 1,059,078 $ 95,319,200

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