Page 99 - CityofMansfieldFY23Budget
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CITY OF MANSFIELD, TEXAS
GENERAL DEBT SERVICE FUND
BUDGET SUMMARY
2022/2023
ACTUAL BUDGET BUDGET
2020/2021 2021/2022 2022/2023
Beginning Fund Balance $ 3,888,921 $ 5,365,013 $ 5,365,013
Additions:
Property Taxes, Current 17,888,309 16,410,032 16,110,269
Interest Earnings 154 - -
Refunding Bonds Issued - - -
Other Income 28,328 - -
Total 17,916,792 16,410,032 16,110,269
Funds Available 21,805,713 21,775,045 21,475,282
Deductions:
Bond Principal 10,660,000 10,810,000 10,647,597
Bond Interest 5,758,778 5,600,032 5,462,672
Fiscal Charges 21,921 - -
Total 16,440,699 16,410,032 16,110,269
Ending Fund Balance $ 5,365,013 $ 5,365,013 $ 5,365,013
The increase in fund balance in FY2020-2021 is due to higher than budgeted property taxes dedicated to
I&S.
*Budget is Adopted and Final Budget.
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