Page 25 - CityofMansfieldFY24Budget

ENTERPRISE FUNDS
Enterprise Funds are used for operations that are financed and operated in a manner similar to private
business enterprises where the costs (expenses, including depreciation) of providing goods and services
to the general public on a continuing basis are financed through user charges. The City’s Enterprise
Funds are comprised of the Environmental Services Fund and the Water & Sewer Utilities Fund.

Utility Fund

Revenues
The overall Utility Fund budget for FY 2032-2024, including debt, is $47,632,945. Water sales and sewer
treatment sales totaling $46,541,072 account for 98% of all revenue.

Staffing
The number of personnel in the Utility Fund is not changing in FY 2023-2024.

Operations and Maintenance
Operations and Maintenance is 20% higher in FY 2023-2024 than FY 2022-2023. Chemicals and sewer
treatment contributed to the rise in costs, but the reserve account used to fund projects went up over $3M.

Transfers
The Utility Fund transfer to the General Fund is approximately $2,842,335 for the use of the City’s Rights
of Way. Additionally, the Utility Fund will transfer $917,541 for overhead allocation to the General Fund
and $292,039 for auto, liability, and property insurance.

Equipment
Included in the FY 2023-2024 budget for new equipment and improvements is $1,021,500, for the
purchase of trucks, trailers, a skid steer, an excavator, and lighting for three water storage tanks.

Debt
The Utility Fund debt payment in FY 2032-2024 is $3,841,100, down 5.6% from last fiscal year. The
Utility Fund has not issued debt since 2016. In FY 2023-2024, the Utility Fund will borrow $48 million
for the Water Treatment Plant expansion.

Environmental Services Fund

Revenues
The Environmental Services Fund budget, including debt, is $2,764,336. This represents a 1.0% increase
over FY 2022-2023. Drainage fees account for 100% of the revenue in this fund.

Staffing
No new personnel were added in FY 2023-2024.

Operations and Maintenance
Operations and Maintenance increased 4.2% in FY 2023-2024 due to more funding reserved for projects.

Transfers
The only transfer budgeted in FY 2032-2024 is $60,507 to the General Fund for overhead allocation.

Equipment
$34,000 is budgeted in FY 2032-2024 for a new pickup truck.

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