Page 39 - ClearGov | Documents

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

Equipment

No equipment is budgeted for FY 2025-2026.

Debt

The debt service payment in the Mansfield Economic Development Fund is $5,357,637 in FY 2025-2026.

CAPITAL PROJECT FUNDS

Capital Projects Funds are used to account for acquisitions of capital assets financed from general obligation
proceeds, revenue bonds, certificates of obligation proceeds, or transfers from other funds. The Capital Projects Funds
include the Street Construction Fund, Utility Construction Fund, Environmental Services (Drainage) Construction
Fund, Building Construction Fund, MPFDC (Parks) Construction Fund, MEDC (Economic Development) Construction
Fund and the Equipment Replacement Fund.

FY 2025–2026 budgets align planned capital investments with available funding sources, including general obligation and
revenue bond proceeds, impact fees, and fund transfers.
against expenses occurring in corresponding periods of time whenever possible. In other words, the development and
timing of infrastructure improvements is crucial to maintaining current and future developments while maintaining or
lowering debt ratios. Impact fees offset the amount of funding borrowed in the construction funds.

The impact of infrastructure improvements on operating and maintenance costs is evaluated and measured annually
during the budget development process and during revisions to the Long-Term Financial Plan. Operating and
maintenance cost impacts in FY 2025-2026 are reflected in increases in supply costs, staffing increases and in additional
service requirements related to expansion of existing facilities, new facilities, and transmission lines. Further details can be
found in the Capital Projects section of the budget document.

Street Construction Fund

Street and roadway improvements in FY 2025-2026 are budgeted at $34,933,422, which includes carryover of prior year
funding from projects still in progress. Street impact fees will be utilized wherever possible to supplement funding for
these projects.

Utility Construction Fund

Utility improvements in FY 2025-2026 are budgeted at $53,582,642, which includes bond funds previously borrowed for the
Water Treatment Plant expansion. New projects in FY 2025-2026 total $42,663,200. Impact fees and operating cash from
prior years will fund other projects. Water & Sewer impact fees will be utilized wherever possible to supplement funding
for these projects.

Building Construction Fund

Capital investments for new and expanded public facilities have been allocated in the FY 2025-2026 budget. Facility
improvements totaling $108,033,380 from various funding sources include completion of the new Animal Control facility
and expansion of the Chris Burkett Service Center, relocation of Fire Station #1, construction of the new Mansfield City Hall,
Veterans' Memorial and Geyer Commons.

MPFDC (Parks) Construction Fund

Page 39