Page 28 - CityofMansfieldFY24Budget

The impact of infrastructure improvements on operating and maintenance costs is evaluated and measured
annually during the budget development process and during revisions to the Long-Term Financial Plan.
Operating and Maintenance cost impacts in FY 2023-2024 are reflected in increases in supply costs,
staffing increases and in additional service requirements related to expansion of existing facilities, new
facilities, and transmission lines. Further detail can be found in the Capital Projects section of the budget
document.

Street Construction Fund

Street and roadway improvements in FY 2023-2024 are budgeted at $40,584,227, which includes
carryover of prior year funding from projects still in progress. Street impact fees will be utilized wherever
possible to supplement funding for these projects.

Utility Construction Fund

Utility improvements in FY 2023-2024 are budgeted at $63,687,554, which includes new debt issuance of
$50 million for the Water Treatment Plant expansion. Impact fees and operating cash from prior years
will fund other projects. Water & Sewer impact fees will be utilized wherever possible to supplement
funding for these projects.

Building Construction Fund

Facility improvements in FY 2023-2024 totaling $32,779,539 in prior year funding include construction
of the new Police Headquarters, design for a new Animal Control facility, and design for the expansion of
the Chris Burkett Service Center. These projects began in FY 2022-2023.

MPFDC Construction Fund

Park projects in FY 2023-2024 are budgeted at $18,250,432 and include existing park and linear trail
improvements as well as land acquisition.

MEDC Construction Fund

There are no construction projects funded by MEDC in FY 2023-2024.

Equipment Replacement Fund

Vehicles, equipment and technology, and facility improvements in FY 2023-2024 are budgeted at
$6,250,467 of which $4,120,577 will be transferred from the General Fund. The remainder is prior year
funding for previously approved capital items that have not yet been received due to supply chain issues.

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