Page 57 - CityofMansfieldFY25Budget

General Fund Strategic Plan Summary

2027
2026
2025
2029
2028
General Fund - Budgeted Projected Projected Projected Projected
BEGINNING FUND BALANCE $ 34,490,274 $ 34,490,274 $ 34,793,010 $ 40,313,961 $ 53,378,843
REVENUES:
Ad Valorem Taxes $ 56,549,824 $ 55,811,835 $ 62,951,579 $ 71,917,140 $ 78,881,250
Sales and Use Taxes 20,945,448 22,683,920 24,566,686 26,605,720 28,813,995
Franchise Taxes 8,741,527 9,824,933 10,568,252 11,352,677 11,980,480
Licenses and Permits 2,743,888 2,793,278 2,843,557 2,894,741 2,946,846
Fines and Forfeitures 1,731,000 1,765,620 1,800,932 1,836,951 1,873,690
Interfund Transfer 5,527,782 5,638,338 5,751,104 5,866,126 5,983,449
Other Revenue 3,538,611 3,609,383 3,681,571 3,755,202 3,830,306
TOTAL REVENUE: 99,778,080 102,127,308 112,163,682 124,228,558 134,310,017
Percentage Change 5% 2% 10% 11% 8%

EXPENDITURES:
General Government 3,952,350 4,117,599 4,291,241 4,439,202 4,593,369
Shared Services 11,573,557 11,917,396 12,241,296 12,576,074 12,922,164
Police 27,593,164 29,200,038 31,043,413 33,006,123 35,095,568
Fire 20,969,703 21,794,891 22,856,662 23,975,547 25,154,632
Planning/Development Services 5,521,446 5,708,952 5,904,160 6,107,417 6,319,090
Regulatory Compliance 2,544,668 2,640,352 2,740,265 2,844,605 2,953,582
Public Works 9,003,078 9,245,533 9,496,047 9,754,939 10,022,541
Community Services 4,753,888 4,919,125 5,091,218 5,270,476 5,457,226
Community Engagement 2,696,244 2,786,442 2,880,166 2,977,571 3,078,814
Other 11,169,982 9,494,244 10,098,263 10,211,722 10,327,105
TOTAL EXPENDITURES: 99,778,080 101,824,572 106,642,731 111,163,676 115,924,094
RESERVE 0 302,736 5,520,951 13,064,882 18,385,923
PROJECTED FUND BALANCE $ 34,490,274 $ 34,793,010 $ 40,313,961 $ 53,378,843 $ 71,764,766
Target Fund Balance: 25% 25,456,143 26,660,683 27,790,919 29,736,283 31,815,810
CUMULATIVE $ 9,034,131 $ 8,132,327 $ 12,523,042 $ 23,642,560 $ 39,948,956

DEBT SERVICE:
Property Taxes for I&S $ 21,952,561 $ 28,321,022 $ 32,023,507 $ 36,913,108 $ 42,921,306
Debt Ratio - % of Tax Rate 31% 35% 36% 36% 37%
Debt Ratio - % of Total Budget 18% 22% 22% 23% 24%

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