Page 59 - CityofMansfieldFY23Budget

General Fund Strategic Plan Summary

2025
2024
2023
2027
2026
General Fund Budgeted Projected Projected Projected Projected
BEGINNING FUND BALANCE $ 27,393,905 $ 27,393,905 $ 27,685,867 $ 28,177,652 $ 28,690,084
REVENUES:
Ad Valorem Taxes $ 48,952,607 $ 47,479,029 $ 50,094,946 $ 52,816,419 $ 56,674,010
Sales and Use Taxes 18,285,023 19,199,274 20,159,238 21,167,200 22,225,560
Franchise Taxes 8,010,106 8,170,308 8,333,714 8,500,389 8,670,396
Licenses and Permits 3,098,066 3,153,831 3,210,600 3,268,391 3,327,222
Fines and Forfeitures 2,450,931 2,499,950 2,549,949 2,600,948 2,652,967
Interfund Transfer 4,107,689 4,148,766 4,190,254 4,232,156 4,274,478
Other Revenue 2,620,546 2,672,957 2,726,416 2,780,944 2,836,563
TOTAL REVENUE: 87,524,968 87,324,115 91,265,116 95,366,446 100,661,196
Percentage Change 18% -1% 5% 4% 6%

EXPENDITURES:
General Government 3,484,944 3,557,700 3,632,425 3,709,172 3,806,703
Shared Services 8,848,617 9,025,455 9,206,441 9,391,679 9,603,584
Police 25,657,180 26,963,732 28,404,668 29,994,384 31,910,998
Fire 19,153,700 19,705,652 21,327,663 23,124,346 25,299,172
Planning 1,336,144 1,362,905 1,390,454 1,418,815 1,457,246
Development Services 3,890,039 3,965,968 4,043,805 4,123,600 4,219,583
Regulatory Compliance 2,216,153 2,629,424 2,667,164 2,705,660 2,744,925
Public Works 6,748,266 7,118,465 7,257,998 7,400,817 7,563,461
Community Services 4,668,366 4,758,820 4,851,679 4,947,010 5,066,612
Community Engagement 1,715,844 1,750,321 1,785,714 1,822,048 1,867,572
Other 9,805,715 6,193,712 6,205,320 6,216,483 6,225,191
TOTAL EXPENDITURES: 87,524,968 87,032,154 90,773,331 94,854,014 99,765,045
BOND COVENANTS - 291,962 491,785 512,432 896,150
PROJECTED FUND BALANCE $ 27,393,905 $ 27,685,867 $ 28,177,652 $ 28,690,084 $ 29,586,234
Target Fund Balance: 25% 21,758,038 22,693,333 23,713,504 24,941,261 26,104,911
Surplus/(Deficit) $ 5,635,867 $ 4,992,534 $ 4,464,148 $ 3,748,823 $ 3,481,323

DEBT SERVICE:
Property Taxes $ 16,101,591 $ 20,327,686 $ 20,652,135 $ 20,712,636 $ 21,482,119
Debt Ratio - % of Tax Rate 29% 32% 32% 31% 30%
Debt Ratio - % of Total Budget 16% 19% 18% 18% 18%

58