Page 29 - CityofMansfieldFY24Budget

FISCAL YEAR 2023-2024 SERVICE PROGRAM IN SUMMARY

The City of Mansfield has taken positive steps to fulfill broad priorities identified by City Council and
City Staff. While non-financial strategies are essential and form the framework of the Service Plan in FY
2023-2024, the City will continue to maintain a positive financial position to provide quality of life to all
citizens. The long-term financial strategies to achieve these priorities are very similar to those of the past
and have been developed in FY 2023-2024 with awareness that these goals and strategies are building
blocks for future long-term goals.

Long-Term Goals for Fiscal Year 2023-2024 and Beyond:

• Continue to sustain growth and enhance local economic activity.
• Uphold and improve the City of Mansfield’s bond ratings.
• Maintain the City’s debt ratios.
• Preserve and continue to increase the Fund Balance.
• Continue quality residential and commercial development.
• Retain a quality workforce by offering a competitive compensation package.
• Provide a safe and quality living environment for all citizens.
• Continue to provide a “Superior” water system and “Best” parks system.
• Provide property tax relief whenever possible.

In conclusion, the FY 2023-2024 budget has been developed to meet the vision of creating:

A vibrant city for people and businesses that value world class experiences,
culture, quality, and a second-to-none level of community service.

We will continue to sustain the momentum this City has experienced over the past decade as we
prepare for future growth. This budget provides the necessary funding to deliver a service plan
that meets the growing demand for services for our citizens and support all City departments
with the necessary staffing and equipment to carry out that plan while also providing property
tax relief to our residents. As an organization, we remain dedicated to serving the citizens,
businesses, and visitors of the City of Mansfield in a manner that directs us to True NORTH.

As a result of the thoughtful, hard work of all the directors and their staff, I believe this budget is
fiscally responsible, represents the City Council’s priorities, goals, and objectives, and addresses
the needs of our community within the framework of available resources.

Finally, I wish to thank the Mayor and City Council for their dedication to the City and their
contribution to the development of this financial document.

Joe Smolinski
City Manager

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