Page 342 - Southlake FY20 Budget

Special Revenue Funds

Red Light Camera Fund

This fund accounts for funds collected from violations issued from the City’s red light enforcement camera system.
Funds collected by the City of Southlake as a result of violations/citations issued, must be used for traffic safety
Red Light Camera Fund
programs, per State law. Governor Greg Abbott signed a bill into law banning the use of red light cameras on June
1, 2019. Under the new law, the City’s red light camera program immediately ceased operation.
2020 Proposed and 2019 Revised Budget

09:35 PM
08/11/19
$ Increase/ $ Increase/
2018 2019 2019 (Decrease) % Increase/ 2020 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Fines and forfeitures $676,219 $710,000 $368,000 ($342,000) -48% $0 ($710,000) -100.0%
Interest Income 5,090 1,000 10,000 $9,000 900% 8,000 $7,000 700.0%
Total Revenues $681,309 $711,000 $378,000 ($333,000) $8,000 ($710,000)

EXPENDITURES
Personnel $72,240 $68,648 $39,000 (29,648) -43% $0 (68,648) -100.0%
Operations 452,819 473,090 275,000 (198,090) -42% 71,490 (401,600) -84.9%
Capital - 0 0 0 0% 0 0 0.0%
Total Expenditures $525,059 $541,738 $314,000 ($227,738) -42% $71,490 ($470,248) -86.8%

Net Revenues $156,250 $169,262 $64,000 ($105,262) ($63,490) ($232,752)
Transfers In- $0 0 0 0 $0
Transfers Out - 0 0 0 0 0 $0
Total Other Sources (Uses) $0 $0 $0 $0 $0

Beginning Fund Balance $532,748 $688,998 $688,998 $752,998
0 0 0 0
Ending Fund Balance $688,998 $858,260 $752,998 $689,508

FY 2020 Highlights:

• Governor Greg Abbott signed a bill into law banning the use of red light cameras on June 1, 2019. Under the new
law, the City’s red light camera program immediately ceased operation.

• Projected revenue for FY 2020 includes $8,000 in interest income. Due to the red light cameras no longer being
operational, no revenue will be collected in fines. Operating expenses will largely be paid using fund balance.

• For FY 2020, we are proposing $71,490 in expenses for school crosswalk repairs and replacement ($60,000) and
replacement of traffic safety equipment ($11,490).

• The beginning fund balance for the Red Light Camera Fund is $752,998. Ending fund balance for FY 2020 is
projected at $689,508.

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