Page 58 - CityofMansfieldFY23Budget

The Results of the Plan

The Plan is a financial planning model used by Management and Staff and has become an
effective management tool in addressing the business concerns of the City of Mansfield,
Texas. It has become a guide, indicator and reference point for the Rating Agencies and
the investment community in assessing the credit strength of the City. The Plan is a
forward-looking statement and includes the City’s expectations, hopes, intentions and
strategies regarding the future. These forward looking statements included herein are
necessarily based on assumptions and estimates inherently subject to various risks and
uncertainties, including risks and uncertainties relating to possible invalidity of the
underlying assumptions and estimates and possible changes or developments in social,
economic, business, industry, market, legal and regulatory circumstances and conditions
and actions taken or omitted to be taken by third parties, including customers, suppliers,
business partners, competitors and legislative, judicial and any other governmental
authorities or officials. Assumptions related to the foregoing involve judgments with
respect to, among other things, future economic, competitive, market conditions and
future business decisions, all of which are difficult or impossible to predict accurately and
many of which are beyond our control. Any such assumptions could be inaccurate and
there can be no assurance that the forward-looking statements included in this Executive
Summary will prove to be accurate or binding.

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