Page 26 - CityofMansfieldFY23Budget

SPECIAL REVENUE FUNDS

Hotel/Motel Tax Fund

Revenues
The Hotel/Motel Tax Fund budget is derived from tax revenue assessed on hotel rooms within the City of
Mansfield. Eight hotels are located within City limits with approximately 585 beds. The expected revenue
for FY 2022-2023 is $956,000. Occupancy tax collections were much higher than anticipated in FY 2021
despite Covid-19 and continued to rise in FY 2022.

Staffing
No new staff was added in FY 2022-2023; however, salary distributions caused the full-time equivalent
positions to increase from 1.5 to 1.75 in this fund.

Operations and Maintenance
Administration of the Convention and Visitor’s Bureau accounts for nearly 45% of the Operations and
Maintenance costs in this fund. Approximately 55% will be allocated to various organizations who have
applied for supplemental funding to help run events that contribute to tourism and hotel stays in the City.

Transfers
No transfers are budgeted in FY 2022-2023.

Equipment
No new equipment is budgeted in FY 2022-2023.

Debt
No debt has been incurred in the Hotel/Motel Tax Fund.

Mansfield Park Facilities Development Corporation (MPFDC) Fund

Revenues
The revenues for the MPFDC Fund in FY 2022-2023 are $11,680,769. Of this amount, $9,002,637 is
derived from a ½ cent sales tax approved by the voters in 1992. Other revenue comes from user fees,
including recreational classes and rental fees, and contract lease payments from Big League Dreams,
Hawaiian Falls Water Park, Fieldhouse USA, Mansfield National Golf Course, and the Star Center.

Staffing
Two landscape technicians and a park projects manager (3 FTEs) were added in FY 2022-2023.

Operations and Maintenance
The operating budget went up 44% in FY 2022-2023 due to the reserve number. As a result of higher
anticipated sales tax revenue, more O&M funding is available for park projects.

Transfers
Approximately $18,000 is budgeted for the MPFDC portion of property insurance coverage. There is also
an overhead allocation to the General Fund budgeted at $156,020.

Equipment
$137,815 is budgeted in FY 2022-2023 to fund vehicles, a trailer, and field maintenance equipment.

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