Page 76 - CityofMansfieldFY25Budget

Fines & Fees

Fines and fees make up approximately 1.7% of General Fund budgeted revenue in FY 2024-2025.
Primary sources of revenue include gas well inspection fees, engineering fees and court fines. Other
revenues include animal shelter fines, library fines, alarm permit fees and miscellaneous fees. Fines and
fees spiked in 2020 due primarily to engineering inspection fees and increases in court collections. Due to
changes in the calculation and timing of when engineering inspection fees can be collected, as well as
preliminary actuals in FY 2023-2024, the budget for this line was reduced significantly in FY 2024-2025.

Fines & Fees Revenue
$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000
2021 2022 2023 Budget 2024 Budget 2025

DEBT SERVICE FUND REVENUE ASSUMPTIONS

FY 2024-2025 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 2024-2025 in the
Debt Service Fund is $22,633,200.

Property Tax Revenue

Property tax accounts for 100% of funding in the General Obligation Debt Service Fund. The property tax
rate decreased from $0.659293 in FY 2023-2024 to $0.645000 in FY 2024-2025.

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

35% 33.8% 34.6%
33.2% 32.6%
31.7%

30%

25%

20%
2021 2022 2023 Budget 2024 Budget 2025

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