Page 55 - City of Mansfield FY22 Operarting Budget

The Results of the Plan

The Plan is a financial planning model used by Management and Staff and has become an
effective management tool in managing the business concern of the City of Mansfield,
Texas. It has become a guide, indicator and reference point for the Rating Agencies and
the investment community in assessing the credit strength of the City. The Plan is a
forward-looking statement and includes the City’s expectations, hopes, intentions and
strategies regarding the future. These forward looking statements included herein are
necessarily based on various assumptions and estimates inherently subject to various
risks and uncertainties, including risks and uncertainties relating to possible invalidity of
the underlying assumptions and estimates and possible changes or developments in
social, economic, business, industry, market, legal and regulatory circumstances and
conditions and actions taken or omitted to be taken by third parties, including customers,
suppliers, business partners, competitors and legislative, judicial and any other
governmental authorities or officials. Assumptions related to the foregoing involve
judgments with respect to, among other things, future economic, competitive, market
conditions and future business decisions all of which are difficult or impossible to predict
accurately and many which are beyond the control of the City. Any such assumptions
could be inaccurate and there can be no assurance that the forward-looking statements
included in this Executive Summary will prove to be accurate or binding.

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