Page 58 - CityofMansfieldFY25Budget

General Fund Strategic Plan Summary

2032
2031
2030
2033
2034
General Fund - Projected Projected Projected Projected Projected
BEGINNING FUND BALANCE $ 71,764,766 $ 95,448,938 $ 122,781,253 $ 153,618,624 $ 187,828,038
REVENUES:
Ad Valorem Taxes $ 86,387,668 $ 92,354,441 $ 98,294,346 $ 104,223,520 $ 110,476,931
Sales and Use Taxes 29,966,555 31,165,217 32,411,826 33,708,299 35,056,631
Franchise Taxes 12,339,894 12,710,091 13,091,394 13,484,135 13,888,659
Licenses and Permits 2,999,890 3,053,888 3,108,858 3,164,817 3,221,784
Fines and Forfeitures 1,911,164 1,949,387 1,988,375 2,028,142 2,068,705
Interfund Transfer 6,103,118 6,225,180 6,349,684 6,476,678 6,606,211
Other Revenue 3,906,912 3,985,051 4,064,752 4,146,047 4,228,968
TOTAL REVENUE: 143,615,201 151,443,255 159,309,234 167,231,638 175,547,890
Percentage Change 7% 5% 5% 5% 5%

EXPENDITURES:
General Government 4,754,028 4,921,480 5,096,039 5,278,034 5,466,529
Shared Services 13,280,022 13,650,120 14,032,957 14,429,048 14,836,320
Police 36,534,628 38,039,945 39,614,698 41,262,218 42,978,257
Fire 26,173,120 27,238,318 28,352,464 29,517,906 30,731,255
Planning/Development Services 6,539,561 6,769,230 7,008,518 7,257,864 7,516,081
Regulatory Compliance 3,067,414 3,186,330 3,310,570 3,440,386 3,575,292
Public Works 10,299,203 10,585,288 10,881,175 11,187,261 11,501,957
Community Services 5,651,810 5,854,584 6,065,924 6,286,220 6,514,517
Community Engagement 3,184,065 3,293,498 3,407,296 3,525,651 3,648,118
Other 10,447,177 10,572,145 10,702,223 10,837,636 10,974,763
TOTAL EXPENDITURES: 119,931,029 124,110,939 128,471,863 133,022,225 137,743,088
RESERVE 23,684,172 27,332,316 30,837,371 34,209,413 37,804,802

PROJECTED FUND BALANCE $ 95,448,938 $ 122,781,253 $ 153,618,624 $ 187,828,038 $ 225,632,840
Target Fund Balance: 25% 31,815,810 31,815,810 31,815,810 31,815,810 31,815,810
CUMULATIVE $ 63,633,128 $ 90,965,443 $ 121,802,814 $ 156,012,228 $ 193,817,030

DEBT SERVICE:
Property Taxes for I&S $ 46,538,312 $ 47,501,597 $ 48,259,756 $ 49,247,359 $ 50,255,173
Debt Ratio - % of Tax Rate 37% 36% 35% 34% 34%
Debt Ratio - % of Total Budget 24% 24% 23% 23% 22%

58