Page 101 - CityofMansfieldFY23Budget

CITY OF MANSFIELD, TEXAS
UTILITY FUND
BUDGET SUMMARY
2022/2023

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

Beginning Fund Balance $178,968,051 $196,740,876 $196,740,876
Less Reserves - - -

Beginning Unreserved Balance 178,968,051 196,740,876 196,740,876

Receipts:
Revenues 46,722,197 36,628,974 41,537,661
Sale of City Property 8,579 - -
Interfund Transfers In - - -

Total 46,730,776 36,628,974 41,537,661

Funds Available 225,698,827 233,369,850 238,278,537

Deductions:
Expenditures 26,547,354 33,870,414 38,852,974
Interfund Transfers Out 2,410,597 2,758,561 2,684,687

Total 28,957,951 36,628,974 41,537,661

FUND BALANCE

Unreserved 196,740,876 196,740,876 196,740,875
Reserved - - -

Ending Fund Balance $196,740,876 $196,740,876 $196,740,875

Fund balance increased 9.9% in FY 2020-2021. Revenues came in $17,772,825 higher than expenditures.
Of this amount, nearly $10.5M was in capital contributions. This has allowed the Utility Fund to continue
to pay for projects with cash, as opposed to issuing more debt.

*Budget is Adopted and Final Budget.

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