Page 57 - City of Mansfield FY22 Operarting Budget
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General Fund Strategic Plan Summary
2027
2028
2029
2031
2030
General Fund - Projected Projected Projected Projected Projected
BEGINNING FUND BALANCE $ 26,850,254 $ 31,580,095 $ 37,264,900 $ 44,325,499 $ 52,766,860
REVENUES:
Ad Valorem Taxes $ 53,906,304 $ 57,177,156 $ 61,546,910 $ 66,198,588 $ 70,671,225
Sales and Use Taxes 18,403,883 19,324,077 20,290,281 21,304,795 22,370,035
Franchise Taxes 8,118,042 8,361,584 8,612,431 8,870,804 9,136,928
Licenses and Permits 2,191,069 2,191,069 2,191,069 2,191,069 2,191,069
Fines and Forfeitures 2,357,778 2,404,933 2,453,032 2,502,092 2,552,134
Interfund Transfer 2,437,194 2,461,566 2,486,182 2,511,043 2,536,154
Other Revenue 3,110,295 3,172,501 3,235,951 3,300,670 3,366,683
TOTAL REVENUE: 90,524,565 95,092,886 100,815,855 106,879,062 112,824,228
Percentage Change 7% 5% 6% 6% 6%
EXPENDITURES:
General 3,394,304 3,484,297 3,595,349 3,711,304 3,832,395
Business 7,025,200 7,184,301 7,367,556 7,557,398 7,754,104
Police 32,176,109 34,349,724 36,912,406 39,730,012 42,828,111
Fire 19,935,477 20,697,699 21,674,828 22,699,658 23,774,551
Planning 5,318,022 5,456,337 5,628,867 5,809,227 5,997,794
Public 6,193,948 6,327,374 6,481,000 6,640,141 6,805,028
Community 5,553,528 5,688,773 5,853,357 6,024,943 6,203,855
Other 6,198,138 6,219,576 6,241,893 6,265,018 6,288,988
TOTAL EXPENDITURES: 85,794,725 89,408,080 93,755,256 98,437,702 103,484,828
BOND COVENANTS 4,729,840 5,684,806 7,060,599 8,441,361 9,339,400
PROJECTED FUND BALANCE $ 31,580,095 $ 37,264,900 $ 44,325,499 $ 52,766,860 $ 62,106,260
Target Fund Balance: 25% 22,352,020 23,916,661 31,815,810 31,815,810 31,815,810
Surplus/(Deficit) $ 9,228,075 $ 13,348,239 $ 12,509,689 $ 20,951,050 $ 30,290,450
DEBT SERVICE:
Property Taxes $ 18,922,972 $ 20,472,307 $ 20,836,207 $ 20,836,207 $ 20,836,207
Debt Ratio - % of Tax Rate 29% 29% 28% 27% 26%
Debt Ratio - % of Total Budget 17% 18% 17% 16% 16%
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