Page 344 - Southlake FY20 Budget

Special Revenue Funds

Storm Water Utility Fund

On October 17, 2006, the City Council established a Storm Water Utility System. This utility requires a monthly fee for all of
Southlake’s developed properties. These fees provide a funding source for maintenance, repair, and construction of storm
water facilities, and can only be spent for these purposes. The monthly storm water fee is the same for all residential dwelling
units. Residential properties are charged $8 per month for each dwelling unit that is on the property. Fees for non-residential
properties are calculated individually in proportion to each property’s storm water runoff potential. For project details, see
STORM WATER UTILITY DISTRICT
the CIP section of this document. 2020 Proposed and 2019 Revised Budget
10:41 AM
08/12/19
$ Increase/ $ Increase/
2018 2019 2019 (Decrease) % Increase/ 2020 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Stormwater-residential $898,022 $910,800 $910,800 $0 0.0% $913,500 $2,700 0.3%
Stormwater-commercial 632,375 635,000 635,000 0 0.0% 642,000 7,000 1.1%
Interest 4,298 2,500 14,000 11,500 460.0% 13,300 10,800 432.0%
Total Revenues $1,534,695 $1,548,300 $1,559,800 $11,500 0.7% $1,568,800 $20,500 1.3%

EXPENDITURES
Personnel $81,851 $311,392 $311,392 $0 0.0% $322,361 $10,969 3.5%
Operations $276,991 $300,330 $300,330 0 0.0% $334,645 34,315 11.4%
Capital $0 $0 $0 0 0 $0 0 0.0%
Total Expenditures $358,842 $611,722 $611,722 $0 0.0% $657,006 $45,284 7.4%
Net Revenues $1,175,853 $936,578 $948,078 $11,500 $911,794 ($24,784)

Transfers Out (1,369,019) (235,590) (236,010) $420 (1,536,995) 1,301,405
Proceeds from C.O. Sale 0 0 0 0
Total Other Sources (Uses) ($1,369,019) ($235,590) ($236,010) ($1,536,995)

Beginning Fund Balance $1,316,788 $1,123,622 $1,123,622 $1,835,690
Ending Fund Balance $1,123,622 $1,824,610 $1,835,690 $1,210,489

FY 2020 Highlights:

• For FY 2020, total revenues for this fund are projected at $1,568,800 including $13,300 in interest earnings. This is
an increase of 1.3% when compared to the FY 2019 Adopted Budget.

• Planned expenditures for FY 2020 total $657,006, including $322,361 in personnel expenses and $334,645 in
operational costs. These costs include a storm water engineer (funded first in FY 2009), contract engineering
services (surveying, etc.), contract labor for drainage projects, and materials – all budgeted to ensure that we are
able to adequately manage and respond to identified public drainage issues.

• A transfer to the Debt Service Fund of $174,243 is planned, $62,752 to the General Fund for indirect charges, and a
$1.3 million transfer to the Capital Improvements Program for drainage projects, for total transfers of $1,536,995.

• The ending fund balance is projected at $1,210,489. The expenses are necessary to improve and maintain public
drainage ways throughout the City.

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