Page 24 - CityofMansfieldFY23Budget

GENERAL FUND

Revenues
The overall General Fund budget for FY 2022-2023 is $87,524,968 or an increase of 13.47% over
estimated revenues in FY 2021-2022. Property tax collections make up approximately 56% of the General
Fund operating revenue. Property tax revenue increased $5,543,936, of which $3,595,337 is from new
residential and commercial construction. Other revenue increases include sales tax, franchise tax, permits
and ambulance fees. Projected sales tax revenues are expected to increase $3,061,110, or 20%.

Staffing
The 2022-2023 Service Plan includes the addition of 13.5 full-time equivalent positions. Other staffing
changes occurred because of reallocation and distribution of salaries. Overall, salaries and benefits
increased 11% or $4,571,840 due to the addition of personnel, a 2.5% cost of living allowance (COLA),
an hourly rate increase for part-time employees, and a provision for a one-time supplemental payment
based on performance. Implementation of the Public Safety step plan accounts for approximately $1.9
million of the increase, while new positions totaled a little less than $1.2 million.

Operations and Maintenance
Operating and Maintenance costs increased 17.5% due primarily to supply chain issues which have driven
up the cost of materials, fuel price increases, and the replacement of financial and human resources
software. This increase also represents a rise in cost for the Sanitation contract, which is offset by
revenue. The Street Department budget was increased 10% to address concerns voiced in the Citizen
Survey, and other programs such as those which address communications and community engagement
were also expanded to enhance service to the citizens.

Transfers
Transfers are estimated to be $1,094,365 for the City’s liability, auto and property insurance, $321,132 for
the Fieldhouse USA project, and $2,662,245 to the Equipment Replacement Fund.

Equipment
The General Fund transfer of $2,662,245 will address new and replacement vehicles for the Police, Fire,
Building Safety, Public Grounds, and Street departments. These funds will also be used to purchase tools
for Police SWAT, dispatch software and a traffic preemption system for the Fire Department and building
facility improvements City-wide.

Debt
The General Obligation Debt payment is $16,110,269 in FY 2022-2023. In addition, the City will also
pre-pay $2.6 million of debt. Management and City Council continue to make conscious efforts to reduce
the overall debt ratio and to reduce the costs of infrastructure improvements using impact fees and
developer contributions. The total outstanding General Obligation Debt is $147,185,000.

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