Page 118 - CityofMansfieldFY23Budget
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CITY OF MANSFIELD, TEXAS
MEDC CONSTRUCTION FUND
BUDGET SUMMARY
2022/2023
ACTUAL BUDGET BUDGET
2020/2021 2021/2022 2022/2023
Beginning Net Assets $ 5,190,598 $ 1,641,158 $ 1,641,158
Additions:
Bond Proceeds - Net - - -
Prior Year Funding - 1,059,078 200,000
Interest 1,118 - -
Total 1,118 1,059,078 200,000
Assets Available 5,191,716 2,700,236 1,841,158
Deductions:
Project Appropriations 3,550,558 1,059,078 200,000
Total 3,550,558 1,059,078 200,000
Ending Net Assets $ 1,641,158 $ 1,641,158 $ 1,641,158
MEDC construction projects in FY2020-2021 lowered the fund balance by 68%.
*Budget is Adopted and Final Budget.
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