Page 57 - City of Mansfield FY22 Operarting Budget
P. 57

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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