Page 119 - CityofMansfieldFY23Budget
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CITY OF MANSFIELD, TEXAS
EQUIPMENT REPLACEMENT
BUDGET SUMMARY
2022/2023
ACTUAL BUDGET BUDGET
2020/2021 2021/2022 2022/2023
Beginning Net Assets $ 4,247,248 $ 2,338,997 $ 2,338,997
Additions:
Bond Proceeds - Net 405,866 - -
Prior Year Funds - 2,554,080
Transfers In 1,650,422 1,924,648 2,662,245
Sale of City Property 43,234 - -
Miscellaneous Revenue 74,179 - -
Interest 2 - -
Total 2,173,702 1,924,648 5,216,325
Assets Available 6,420,950 4,263,645 7,555,322
Deductions
Bond Issuance Costs 5,866
Equipment 4,076,087 1,924,648 5,216,325
Total 4,081,953 1,924,648 5,216,325
Ending Net Assets $ 2,338,997 $ 2,338,997 $ 2,338,997
Bonds were issued in FY2019-2020 to purchase fire trucks and ambulances. Due to the significant lag
time between ordering and delivery of these vehicles, the expenses were not incurred until FY2020-2021,
which decreased the fund balance by 45%.
*Budget is Adopted and Final Budget.
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