Page 23 - Southlake FY20 Budget

Transmittal Letter

CRIME CONTROL & PREVENTION DISTRICT SOUTHLAKE PARKS DEVELOPMENT CORPORATION
Charges for services are estimated at COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION GENERAL FUND
$1,193,751. This represents a 2.9% $35,000,000
decrease from the FY 2019 adopted
budget. This category of revenue $30,000,000
includes interlocal contributions
from the cities of Grapevine, $25,000,000
Colleyville, and Keller for the joint $14,339,915 $13,480,025 $13,732,007 $14,111,661 $14,700,000 $15,000,000
Teen Court program. Miscellaneous $20,000,000
income is projected at $348,000. The DOLLARS
proposed budget includes $400,000 $15,000,000
in projected interest earnings. $5,613,663 $5,707,414 $5,650,340 $5,650,340
$7,440,726 $5,421,104
$10,000,000
As previously noted, total General
Fund operating budget revenue $5,000,000 $7,318,490 $7,578,446 $7,705,009 $7,650,000 $7,650,000
is expected to increase by 0.8% $7,335,505
for FY 2020, recognizing the 20% $- $1,803,605 $1,879,292 $1,923,567 $1,881,000 $1,881,000
homestead exemption and the tax 2015 2016 2017 FISCAL YEAR 2018 2019* 2020**
rate reduction. Figure 9: Sales tax collection trend

Figure 10 below shows the distribution of General Fund revenue sources.

The General Fund also recognizes $2,089,357 that will be transferred in from the Utility Fund, Storm Water
Utility Fund, Hotel Occupancy Tax Fund, Southlake Parks Development Corporation, Crime Control and
Prevention District, and the Community Enhancement and Development Corporation to cover indirect costs
borne by the General Fund. Note the transfer is shown “below the line,” meaning it is not shown as a revenue
line item. However, these dollars are available for operating expenses, if needed. For FY 2020, indirect charges
are not needed to balance the General Fund budget. The transfer will go straight to the budget’s bottom line,
ensuring an optimum fund balance.
Miscellaneous
Charges for Services Permits / Fees 0.7% Interest Income
2.5% 3.7% 0.8%
Fines
2.5%

Franchise Taxes
6.2%

Ad Valorem Tax
52.5%
General Fund Sales Tax
31.1%

Figure 10: General Fund revenue by source

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