Page 75 - City of Mansfield FY22 Operarting Budget

Fines & Fees

Fines and fees make up approximately 3% of General Fund budgeted revenue in FY 2021-2022. Primary
sources of revenue include gas well inspection fees, engineering fees and court fines, and account for over
80% of the total revenue generated in this activity. Other revenues include animal shelter fines, library
fines, alarm permit fees and miscellaneous fees. A slight decrease in budgeted fines and fees revenue is
due to anticipated municipal court collections in 2022.

Fines Revenue
$3,000,000

$2,875,000
$2,750,000
$2,625,000
$2,500,000
$2,375,000
$2,250,000

$2,125,000
$2,000,000
2018 2019 2020 Budget 2021 Budget 2022

DEBT SERVICE FUND REVENUE ASSUMPTIONS

FY 2021-2022 revenues in the Debt Service Fund are based on the amount of outstanding General Fund
Operating Debt requirements. The budgeted amount for FY 2021-2022 in the Debt Service Fund is
$16,410,032. This budgeted amount is $72,283 less than FY 2020-2021.

Property Tax Revenue

Property tax accounts for 100% of funding in the General Obligation Debt Service Fund. The property tax
rate was decreased from $0.71 to $0.69 in FY 2020-2021 and remains at $0.69 for FY 2021-2022.

General Obligation Debt as a Percentage
40% of the Property Tax Rate

35% 33.7% 33.2% 33.2% 32.6%
31.8% 32.7%

30%

25%

20%
FY 2017 FY 2018 FY 2019 FY 2020 Budget Budget
FY2021 FY2022

75