Page 37 - Southlake FY20 Budget

Transmittal Letter

Expenditure highlights. Total expenditures
for FY 2020 are proposed at $7,490,904. These DID YOU KNOW?
expenditures are attributable to CISD TIRZ #1
projects identified in the project and financing Since its implementation in 1998, TIRZ
plan, as well as personnel and operations costs #1 has generated over $112 million in
to be undertaken by the City. revenue for investment, and to further the
economic development goals of the Zone.
Fund balance. The ending balance for this fund These funds have been used for numerous
is projected at $4,592,270. public infrastructure projects such as the

construction of Town Hall as well as the
development of parks within the Zone.

The establishment of TIRZ #1 and the use of the captured revenues for improvements
in the District supports the focus area of Quality Development and the strategic
corporate objectives of “Providing attractive and unique spaces for the enjoyment of
personal interests,” and “Attract and keep top-tier businesses to drive a dynamic and
sustainable economic environment.”

Special Revenue Funds

The City of Southlake accounts for revenues and expenditures of dedicated or special purpose funding in
several special revenue funds as described below.

Commercial Vehicle Enforcement Fund. State law requires that fines and forfeitures associated with
commercial vehicle enforcement activities be segregated for accounting purposes. Therefore, a new fund
was established in FY 2013.

For FY 2020, we are projecting total revenues of $45,700. Expenses total $151,167. A General Fund transfer
of $150,000 into this fund is planned. The ending fund balance is projected to be $76,950.

Court Security. This proposed budget includes funds from the payment of fines and forfeitures. Use of
these funds is restricted for court security items, per State law. The proposed budget anticipates revenues
of $48,300. Proposed expenditures of $61,105 are planned to enhance the overall safety of the court with
the use of security personnel and including other operational expenses. The projected ending fund balance
is $378,512.

Court Technology. The proposed budget includes funds from the payment of fines and forfeitures. Use of
these funds are restricted, per State law. The proposed budget anticipates revenues of $47,100. Proposed
expenditures of $154,000 are planned to include funding for projects to optimize the use of technology for
municipal court. The projected ending fund balance is $302,225.

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