Page 108 - CityofMansfieldFY23Budget
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CITY OF MANSFIELD, TEXAS
MANSFIELD PARK FACILITIES DEVELOPMENT CORPORATION
BUDGET SUMMARY
2022/2023
ACTUAL BUDGET BUDGET
2020/2021 2021/2022 2022/2023
Beginning Fund Balance $ 5,758,216 $ 9,776,670 $ 9,776,670
Additions:
Sales Tax Revenue 4,817,519 4,333,942 5,860,790
Interest 2,194 12,000 1,000
Contributions 36,158 32,862 2,800
Development Fees 1,742,250 - -
Other 32,354 - -
Transfer In 499,592 221,132 321,132
Gas Royalty Income 138,609 100,000 125,000
Rental 1,942,734 2,153,000 2,212,200
Total 9,211,410 6,852,936 8,522,922
Funds Available 14,969,626 16,629,607 18,299,592
Deductions:
Administration 1,566,704 1,802,812 1,897,694
Operating Costs 3,334,586 3,586,835 3,964,826
Transfer Out 18,612 18,000 174,020
Reserve - 1,037,419 2,098,567
Project Appropriation 273,055 407,870 387,815
Total 5,192,956 6,852,936 8,522,922
Ending Fund Balance $ 9,776,670 $ 9,776,670 $ 9,776,670
Fund balance in FY2020-2021 increased nearly 70% due to higher-than-expected sales tax revenue and
park development impact fees, as well as expense savings.
*Budget is Adopted and Final Budget.
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