Page 90 - City of Mansfield FY22 Operarting Budget
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CITY OF MANSFIELD, TEXAS
GENERAL FUND
BUDGET SUMMARY
2021/2022
ACTUAL BUDGET BUDGET
2019/2020 2020/2021 2021/2022
Beginning Fund Balance $17,409,306 $22,187,299 $22,187,299
Less Reserves - - -
Beginning Unreserved Balance 17,409,306 22,187,299 22,187,299
Receipts:
Revenues 72,213,804 68,735,906 74,372,476
Sale of City Property - - -
Interfund Transfers In 2,411,696 2,295,947 2,759,961
Total 74,625,500 71,031,853 77,132,437
Funds Available 92,034,806 93,219,152 99,319,736
Deductions:
Expenditures 66,916,883 68,777,013 74,137,672
Interfund Transfers Out 2,930,624 2,254,840 2,994,765
Total 69,847,507 71,031,853 77,132,437
FUND BALANCE
Unreserved 22,187,299 22,187,299 22,187,299
Reserved - - -
Ending Fund Balance $22,187,299 $22,187,299 $22,187,299
The General Fund balance increased approximate 27% in FY20 due to higher than anticipated revenues
and significant cost savings in budgeted expenditures. With the onset of Covid-19, the City slowed
spending to essential operational items only. Special events were cancelled, mowing cycles were
decreased, etc. The City also received American Rescue Plan funding to offset costs related to Covid-19.
*Budget is Adopted and Final Budget.
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