Page 93 - CityofMansfieldFY23Budget

CITY OF MANSFIELD, TEXAS
GENERAL FUND
BUDGET SUMMARY
2022/2023

ACTUAL BUDGET BUDGET
2020/2021 2021/2022 2022/2023

Beginning Fund Balance $22,187,299 $27,393,905 $27,393,905
Less Reserves - - -

Beginning Unreserved Balance 22,187,299 27,393,905 27,393,905

Receipts:
Revenues 73,618,412 74,372,476 83,402,279
Sale of City Property 57,251 - 15,000
Interfund Transfers In 4,976,975 2,759,961 4,107,689

Total 78,652,638 77,132,437 87,524,968

Funds Available 100,839,937 104,526,342 114,918,873

Deductions:
Expenditures 71,410,668 74,137,672 83,447,226
Interfund Transfers Out 2,035,364 2,994,765 4,077,742

Total 73,446,032 77,132,437 87,524,968

FUND BALANCE

Unreserved 27,393,905 27,393,905 27,393,905
Reserved - - -

Ending Fund Balance $27,393,905 $27,393,905 $27,393,905

The General Fund balance increased approximate 23.5% in FY2020-2021 due to higher than budgeted revenues and
significant cost savings in budgeted expenditures. Sales tax far exceeded expectations following COVID-19; the
City received $1.7M in grant revenue; and Transfers In included $1.7M from Tax Increment Reinvestment Zone 2.
The city was able to use ARPA funds to cover some public safety and technology-related expenses.

*Budget is Adopted and Final Budget.

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