Page 97 - City of Mansfield FY22 Operarting Budget

CITY OF MANSFIELD, TEXAS
TIRZ #1
BUDGET SUMMARY
2021/2022

ACTUAL BUDGET BUDGET
2019/2020 2020/2021 2021/2022

Beginning Fund Balance $2,963,075 $4,178,777 $4,178,777
Less Reserves - - -

Beginning Unreserved Balance 2,963,075 4,178,777 4,178,777

Receipts:
Property Taxes, Current 1,947,008 - -
Interest Earnings 12,929 - -
Interfund Transfers In - - -

Total 1,959,937 - -

Funds Available 4,923,012 4,178,777 4,178,777

Deductions:
Expenditures - - -
Interfund Transfers Out 744,235 - -

Total 744,235 - -

FUND BALANCE

Unreserved 4,178,777 4,178,777 4,178,777
Reserved - - -

Ending Fund Balance $4,178,777 $4,178,777 $4,178,777

The Tax Increment Reinvestment Zone receives property tax revenue. Higher property tax values and the
addition of property tax accounts due to development in the TIRZ contributed to a 41% increase in fund
balance.

*Budget is Adopted and Final Budget.

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