Page 56 - City of Mansfield FY22 Operarting Budget

General Fund Strategic Plan Summary

2024
2023
2022
2026
2025
General Fund - Budgeted Projected Projected Projected Projected
BEGINNING FUND BALANCE $ 22,187,299 $ 22,187,299 $ 22,583,117 $ 23,653,100 $ 24,390,024
REVENUES:
Ad Valorem Taxes $ 43,408,671 $ 43,199,397 $ 45,236,340 $ 46,301,601 $ 49,558,858
Sales and Use Taxes 15,223,913 15,140,920 15,897,966 16,692,865 17,527,508
Franchise Taxes 7,617,430 7,499,816 7,649,813 7,802,809 7,958,865
Licenses and Permits 3,044,119 1,895,850 1,895,850 1,982,025 2,068,200
Fines and Forfeitures 2,325,815 2,178,222 2,221,786 2,266,222 2,311,547
Interfund Transfer 2,759,961 2,342,096 2,365,516 2,389,172 2,413,063
Other Revenue 2,752,528 2,873,432 2,930,900 2,989,519 3,049,309
TOTAL REVENUE: 77,132,437 75,129,733 78,198,173 80,424,212 84,887,350
Percentage Change 3% 3% 4% 3% 6%

EXPENDITURES:
General 3,852,309 3,107,096 3,172,085 3,238,827 3,307,372
Business 6,905,658 6,479,785 6,607,003 6,737,260 6,870,631
Police 24,027,752 25,692,409 27,052,431 28,549,944 30,199,509
Fire 17,663,428 17,610,352 18,125,426 18,655,813 19,201,976
Planning 5,238,830 4,881,922 4,980,064 5,080,911 5,184,537
Public 6,376,197 5,712,107 5,824,695 5,939,978 6,058,022
Community 5,819,451 5,115,250 5,215,094 5,317,563 5,422,728
Other 7,248,812 6,134,994 6,151,391 6,166,993 6,182,343
TOTAL EXPENDITURES: 77,132,437 74,733,915 77,128,190 79,687,288 82,427,120
BOND COVENANTS - 395,818 1,069,983 736,924 2,460,230
PROJECTED FUND BALANCE $ 22,187,299 $ 22,583,117 $ 23,653,100 $ 24,390,024 $ 26,850,254
Target Fund Balance: 25% 18,683,479 19,282,047 19,921,822 20,606,780 21,448,681
Surplus/(Deficit) $ 3,503,820 $ 3,301,070 $ 3,731,278 $ 3,783,244 $ 5,401,573
DEBT SERVICE:
Property Taxes $ 16,367,590 $ 16,570,659 $ 17,766,632 $ 18,091,244 $ 18,150,735
Debt Ratio - % of Tax Rate 30% 31% 31% 31% 30%
Debt Ratio - % of Total Budget 18% 18% 19% 18% 18%

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