Page 58 - CityofMansfieldFY24Budget

General Fund Strategic Plan Summary

2026
2024
2025
2028
2027
General Fund Budgeted Projected Projected Projected Projected
BEGINNING FUND BALANCE $ 35,685,523 $ 35,685,523 $ 36,240,679 $ 38,272,863 $ 39,667,888
REVENUES:
Ad Valorem Taxes $ 52,820,733 $ 52,297,854 $ 55,815,986 $ 58,588,394 $ 59,382,917
Sales and Use Taxes 20,447,144 21,580,520 22,659,546 23,792,524 24,982,150
Franchise Taxes 8,395,334 8,333,714 8,500,389 8,670,396 8,930,508
Licenses and Permits 2,771,994 3,210,600 3,268,391 3,327,222 3,387,112
Fines and Forfeitures 2,371,517 2,549,949 2,600,948 2,652,967 2,706,026
Interfund Transfer 4,826,403 4,190,254 4,232,156 4,274,478 4,317,222
Other Revenue 3,112,672 2,726,416 2,780,944 2,836,563 2,893,295
TOTAL REVENUE: 94,745,797 94,889,307 99,858,360 104,142,543 106,599,230
Percentage Change 7% 5% 4% 2%

EXPENDITURES:
General Government 3,375,449 3,446,529 3,519,558 3,613,296 3,710,405
Shared Services 10,117,065 10,319,883 10,527,390 10,762,009 11,003,106
Police 26,297,218 27,700,869 29,251,359 31,126,703 33,193,519
Fire 20,293,416 21,927,182 23,735,855 25,922,911 27,636,251
Planning 1,844,665 1,881,849 1,920,039 1,968,494 2,018,657
Development Services 3,578,646 3,648,736 3,720,630 3,808,553 3,899,370
Regulatory Compliance 2,488,334 2,272,095 2,302,689 2,333,895 2,365,725
Public Works 8,003,265 8,160,494 8,321,363 8,502,418 8,681,988
Community Services 4,652,791 4,743,529 4,836,698 4,954,093 5,075,575
Community Engagement 2,246,195 2,291,506 2,337,955 2,393,798 2,451,415
Other 11,848,753 7,941,477 7,352,641 7,361,348 7,375,304
TOTAL EXPENDITURES: 94,745,797 94,334,150 97,826,176 102,747,518 107,411,314
BOND COVENANTS - 555,156 2,032,184 1,395,025 (812,084)
PROJECTED FUND BALANCE $ 35,685,523 $ 36,240,679 $ 38,272,863 $ 39,667,888 $ 38,855,804
Target Fund Balance: 25% 23,583,538 24,456,544 25,686,880 26,852,829 28,732,527
Surplus/(Deficit) $ 12,101,985 $ 11,784,135 $ 12,585,983 $ 12,815,060 $ 10,123,277
DEBT SERVICE:
Property Taxes $ 20,565,033 $ 27,652,135 $ 25,512,636 $ 26,282,119 $ 27,041,591
Debt Ratio - % of Tax Rate 31% 36% 34% 33% 34%
Debt Ratio - % of Total Budget 18% 23% 20% 20% 20%

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