Page 78 - CityofMansfieldFY23Budget

Fines & Fees

Fines and fees make up approximately 3% of General Fund budgeted revenue in FY 2022-2023. Primary
sources of revenue include gas well inspection fees, engineering fees and court fines, and account for over
80% of the total revenue generated in this activity. Other revenues include animal shelter fines, library
fines, alarm permit fees and miscellaneous fees.

Fines Revenue
$3,500,000

$3,250,000

$3,000,000
$2,750,000

$2,500,000

$2,250,000

$2,000,000
2019 2020* 2021 Budget 2022 Budget 2023
*Fines and fees spiked in 2020 due to engineering inspection fees

DEBT SERVICE FUND REVENUE ASSUMPTIONS

FY 2022-2023 revenues in the Debt Service Fund are based on the amount of outstanding General Fund
Operating Debt requirements. The budgeted amount of property tax revenue for FY 2022-2023 in the
Debt Service Fund is $16,110,269.

Property Tax Revenue

Property tax accounts for 100% of funding in the General Obligation Debt Service Fund. The property tax
rate was decreased from $0.69 to $0.68 in FY 2022-2023.

General Obligation Debt as a Percentage
40% of the Property Tax Rate

35% 33.2%
31.8% 32.7% 32.6% 31.7%
30%

25%

20%
FY 2019 FY 2020 FY 2021 Budget FY Budget FY
2022 2023

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