Page 514 - ClearGov | Documents

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

Capital Projects Funds

On October 28, 2013, City Council adopted the Modified Long Range Financial and Capital Expenditure
Plan. Included in the plan were projected revenues and expenditures for operational costs, staffing, and
major capital improvements identified by staff and supported by Management and City Council. Each
year the plan is updated to account for changes in priority, including citizens’ input, changes in the
economy, and financial feasibility. Typically, in late January or early February, as a kickoff meeting for the
budget process, City Council and Executive Staff representing every department participate in a strategic
planning workshop over several days to identify and prioritize major projects. Presentations and
discussions occur, to include the debt capacity of the various funds. The list of projects is refined
throughout the budget process. In FY 2025-2026, major projects are budgeted in various funds including
Street Construction, Utility Construction, Drainage Construction, Building Construction, Parks
Construction, Economic Development Construction and Equipment Replacement. Funding for these
projects comes from a variety of sources, including but not limited to, General Obligation Bonds,
Revenue Bonds, Certificates of Obligation, Impact Fees, Contributions, Grants, Fund Reserves and
Transfers. The total estimated budget for capital projects in FY 2025-2026 is $301,272,547 and includes
carry-over projects with prior year funding.

Funding Sources

Page 512