Page 247 - CityofMansfieldFY24Budget

MANSFIELD PARK FACILITIES DEVELOPMENT CORPORATION (MPFDC)

Budget Summary

The MPFDC is funded by a ½ cent sales tax approved by the citizens. The tax became effective on July 1,
1992. The MPFDC works in conjunction with the Community Services Division in the General Fund to
provide maintenance and operations services to the Parks System.

The MPFDC budget increased 16.74% in FY 2023-2024. Budgeted sales tax, a primary source of revenue
for MPFDC, was increased 18% based on recent trends, allowing for a corresponding increase in
expenditures. Personnel costs were affected by the addition of one full-time equivalent position for the
Recreation Services Manager. Operational costs have been reallocated among the various divisions,
particularly noticeable in Neighborhood Parks.

Capital in the amount of $217,633 was approved in the FY 2023-2024 budget for items such as trailers,
Bobcat attachments, and field maintenance equipment. The reserve (included in the transfers/other
category) represents the difference between revenue and planned expenditures in FY 2023-2024. Reserve
funds are added to the cash balance and are used to help fund park projects, alleviating the need to issue
debt.

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