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City of Mansfield Annual Budget and Service Program Fiscal Year 2025-2026 Table of Contents
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
Revenue in t he Hotel/Motel Tax Fund budget is derived from a 7% tax assessed on hotel rooms within the City of Mansfield
and reflects recent trends in tourism and visitor activity.
approximately 592 rooms. In addition, there is one RV park with 132 parking spaces. With development in the Staybolt
Entertainment District, the number of hotel rooms is expected to increase significantly in the next few years. The
anticipated revenue for FY 2025-2026 is $1,161,500, which is a 15.6% increase over the prior fiscal year budget.
Staffing
One new position was added to the FY 2025-2026 budget for a Social Media/Content Specialist.
Operations and Maintenance
Administration of the Convention and Visitor’s Bureau accounts for 58.5% of the Operations and Maintenance costs in this
fund, or $679,972. This includes $125,450 for city events and sponsorships. The cost of advertising and promotions
increased, as did the amount of reserve, which is being set aside for a future convention center.
Transfers
No transfers are budgeted in FY 2025-2026.
Equipment
No new equipment is budgeted for FY 2025-2026.
Debt
No debt has been incurred in the Hotel/Motel Tax Fund.
Mansfield Park Facilities Development Corporation (MPFDC) Fund
Revenues
Funding from the voter-approved ½ cent sales tax and user fees support parks, recreation, and trails operations. Operating
costs reflect growth in park acreage and maintenance needs.
The revenues for the MPFDC Fund in FY 2025-2026 are $14,605,462. Of this amount, $11,275,624 is derived from sales tax.
Other revenue comes from user fees, including recreational classes and rental fees, and contract lease payments from
public/private partnerships.
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