Page 100 - CityofMansfieldFY23Budget

CITY OF MANSFIELD, TEXAS
TIRZ #1
BUDGET SUMMARY
2022/2023

ACTUAL BUDGET BUDGET
2020/2021 2021/2022 2022/2023

Beginning Fund Balance $4,178,777 $5,252,236 $5,252,236
Less Reserves - - -

Beginning Unreserved Balance 4,178,777 5,252,236 5,252,236

Receipts:
Property Taxes, Current 1,919,397 - 356,000
Interest Earnings 560 - -
Interfund Transfers In - - -

Total 1,919,957 - 356,000

Funds Available 6,098,734 5,252,236 5,608,236

Deductions:
Expenditures - - -
Interfund Transfers Out 846,498 - 356,000

Total 846,498 - 356,000

FUND BALANCE

Unreserved 5,252,236 5,252,236 5,252,236
Reserved - - -

Ending Fund Balance $5,252,236 $5,252,236 $5,252,236

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 25.7% increase in fund
balance. In previous years, the City did not include a budget for TIRZ #1.

*Budget is Adopted and Final Budget.

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