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City of Mansfield Annual Budget and Service Program Fiscal Year 2025-2026 Table of Contents

Sanitation and tax collection contracts increased, as well as the transfer from the General Fund to pay for capital
equipment.

Transfers

Transfers are estimated to be $1,254,960 for the City’s liability, auto and property insurance, $338,038 for the Fieldhouse
USA infrastructure debt, and $4,064,896 to the Equipment Replacement Fund.

Equipment

The General Fund supports the procurement of vehicles, equipment, and facility upgrades across multiple departments,
ensuring that frontline and support operations are equipped to meet service demands.

The General Fund transfer of $4,064,896 will address new and replacement vehicles for the Police, Fire, Building Safety,
and the Street division, as well as a new bus for the Senior Center. These funds will also be used to purchase training
equipment and pay for major building facility improvements citywide. In addition to the General Fund transfer,
approximately $2.9M will be borrowed to purchase rescue equipment, an ambulance, and a fire truck for the Fire
Department.

Debt

General Obligation Debt payments remain a critical part of the City’s capital financing strategy. The FY 2025–2026 budget
continues the planned debt service schedule without shifting increased costs onto taxpayers by raising tax rates.

The General Obligation Debt payment is $28,457,724 in FY 2025-2026. Management and City Council continue to make
conscious efforts to reduce the overall debt ratio and pay down debt early whenever possible. The increase in the General
Obligation Debt payment for FY 2025-2026 will not be passed on to the taxpayers. The total outstanding General
Obligation Debt is $526,586,492 including principal and interest.

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