Page 24 - CityofMansfieldFY25Budget

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 2024-2025, including debt, is $50,283,000. Water sales and sewer
treatment sales totaling $48,921,537 account for 97% of all revenue.

Staffing
The number of personnel in the Utility Fund is not changing in FY 2024-2025.

Operations and Maintenance
Operations and Maintenance is $2,369,766, or 5.5% higher in FY 2024-2025 than FY 2023-2024.
Chemicals and sewer treatment costs contributed to the increase.

Transfers
The Utility Fund transfer to the General Fund is approximately $3,257,875 for the use of the City’s Rights
of Way. Additionally, the Utility Fund will transfer $1,089,495 for overhead allocation to the General
Fund and $318,842 for auto, liability, and property insurance.

Equipment
Included in the FY 2024-2025 budget for new equipment and improvements is $939,500 for the purchase
of service trucks, staff vehicles, a front-end loader, and other needed tools/machinery.

Debt
The Utility Fund debt payment in FY 2024-2025 is $7,309,994, which is an increase of $3,841,100 over
last fiscal year. The Utility Fund had not issued debt since 2016, but in FY 2023-2024, the Utility Fund
borrowed $48 million for the Water Treatment Plant expansion. This fiscal year is the first payment for
the new debt.

Environmental Services Fund

Revenues
The Environmental Services Fund budget, including debt, is $2,872,523. This represents a 3.9% increase
over FY 2023-2024. Drainage fees account for 100% of the revenue in this fund.

Staffing
One new position is being added to the FY 2024-2025 budget for an Environmental tradesperson.

Operations and Maintenance
Operations and Maintenance increased only 2.2% in FY 2024-2025 overall due to contractual services
related to drainage project review and design.

Transfers
The only transfer budgeted in FY 2024-2025 is $86,882 to the General Fund for overhead allocation.

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