Page 77 - CityofMansfieldFY24Budget

Fines & Fees

Fines and fees make up approximately 3% of General Fund budgeted revenue in FY 2023-2024. Primary
sources of revenue include gas well inspection fees, engineering fees and court fines, and account for over
80% of the total revenue generated in this activity. Other revenues include animal shelter fines, library
fines, alarm permit fees and miscellaneous fees.

Fines Revenue
$3,500,000

$3,250,000

$3,000,000
$2,750,000

$2,500,000

$2,250,000

$2,000,000
2020* 2021 2022 Budget 2023 Budget 2024
*Fines and fees spiked in 2020 due to engineering inspection fees

DEBT SERVICE FUND REVENUE ASSUMPTIONS

FY 2023-2024 revenues in the Debt Service Fund are based on the amount of outstanding General Fund
Operating Debt requirements. The budgeted amount of property tax revenue for FY 2023-2024 in the
Debt Service Fund is $20,565,033.

Property Tax Revenue

Property tax accounts for 100% of funding in the General Obligation Debt Service Fund. The property tax
rate was decreased from $0.680000 to $0.659293 in FY 2023-2024.

General Obligation Debt as a Percentage
40% of the Property Tax Rate

35% 33.8%
32.7% 33.2% 32.6%
31.7%

30%

25%

20%
2020 2021 2022 Budget 2023 Budget 2024

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