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

Governmental Fund Types:

General Fund
The General Fund is the operating fund of the City. All general tax revenues and other receipts that are not restricted by
law or contractual agreement to some other fund are accounted for in this fund. General operating expenditures, the fixed
charges, and the capital improvement costs that are not paid through other funds are paid from the General Fund.

Special Revenue Fund
The Special Revenue Funds are used to account for the proceeds of specific revenue resources (other than major capital
projects) that are legally restricted to expenditures for specified purposes. These funds include Hotel/Motel Tax, Mansfield
Park Facilities Development Corporation (MPFDC), and Mansfield Economic Development Corporation (MEDC).

Debt Service Funds
The Debt Service Funds include the General Debt Service Fund, Water & Sewer Debt Fund, Environmental Services Debt
Fund, MPFDC Debt Fund, and MEDC Debt Fund. These funds are used to account for the accumulation of resources for
and the payment of principal and interest on general long-term debt and revenue bond debt. The primary sources of
revenues are ad valorem taxes, which are levied by the City for the General Debt Service Fund, sales tax for the MPFDC and
MEDC Debt Service Funds, and user fees for the Water & Sewer Fund and Environmental Services Fund.

Capital Projects Funds
The Capital Projects Funds account for the financial resources to be used for the acquisition of capital facilities other than
those recorded in Proprietary Funds. The Capital Projects Funds are used to account for the acquisitions of capital facilities
financed by general obligation bond proceeds or certificate of obligation proceeds, or transfers from other funds. The
City's Capital Projects Funds consist of the following: Street Improvements, Utility Improvements, Drainage Improvements,
Building Construction, MPFDC Construction, MEDC Construction, and Equipment Replacement.

TIRZ (Tax Increment Reinvestment Zone)
The Tax Increment Reinvestment Zone is a specific fund designated to capture the tax increment in a defined geographic
zone. The tax increment is to pay for the public improvements specific to the zone or area defined by ordinance. Any
increase in value or property value increment may be used to pay for the debt for these public improvements or be used
to reimburse the developer for the public improvements paid for by the developer on behalf of the City.

Proprietary Fund Types:

Enterprise Funds
The Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private
business enterprises where the costs (expenses, including depreciation) of providing goods or services to the general
public on a continuing basis are financed through user charges. The City's Enterprise Funds are the Water & Sewer Utility
Fund and Environmental Services Fund.

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