Page 25 - CityofMansfieldFY25Budget

Equipment
$32,000 is budgeted in FY 2024-2025 for a wheel crusher and brush cutter.

Debt
The debt service payment in the Environmental Services Fund is $164,350, which is a decrease of
$361,888, or 68.8% from the previous fiscal year.

SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for proceeds of specific revenue resources (other than major
capital projects) that are legally restricted to expenditures for specified purposes. These funds include the
Hotel/Motel Tax Fund, the Mansfield Park Facilities Development Corporation (MPFDC) Fund, and the
Mansfield Economic Development Corporation (MEDC) Fund.

Hotel/Motel Tax Fund

Revenues
The Hotel/Motel Tax Fund budget is derived from tax revenue assessed on hotel rooms within the City of
Mansfield. Eight hotels are located within City limits with approximately 592 rooms. In addition, there is
one RV park with 132 parking spaces. The expected revenue for FY 2024-2025 is $1,005,000.

Staffing
No new positions were added to the FY 2024-2025 budget.

Operations and Maintenance
Administration of the Convention and Visitor’s Bureau accounts for 71% of the Operations and
Maintenance costs in this fund, or $713,549. This includes $222,950 for city events and sponsorships.

Transfers
No transfers are budgeted in FY 2024-2025.

Equipment
No new equipment is budgeted for FY 2024-2025.

Debt
No debt has been incurred in the Hotel/Motel Tax Fund.

Mansfield Park Facilities Development Corporation (MPFDC) Fund

Revenues
The revenues for the MPFDC Fund in FY 2024-2025 are $13,360,883. Of this amount, $10,300,224 is
derived from a ½ cent sales tax approved by the voters in 1992. Other revenue comes from user fees,
including recreational classes and rental fees, and contract lease payments from public/private
partnerships.

Staffing
One new position was approved in the FY 2024-2025 budget for a landscape technician.

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