Page 43 - Southlake FY20 Budget

Transmittal Letter

Technology
14.8%

Capital Acquisition
11.8%

Facility Projects
0.4%
CIP Transfer Facility Reserves
63.9% 6.7%
Urban Design/Master Plan
Support
0.9%
Public Art
0.1%
Community Enhancement
1.4%

Figure 11: Strategic Initiative Fund expenditures by type, FY 2006 - 2020

For FY 2020, we are proposing that $1,500,000 be transferred from the SIF to the Facility Maintenance Fund.
The purpose of this fund is to build capacity for future maintenance projects as we will have many needs to
address as our facilities age.

Community Enhancement Funding. This category of funding is set aside to provide pay-as-you-go funding
for initiatives which will enhance the quality of life or aesthetics of Southlake. This year’s budget proposes
expenditures of $175,000 in this category, to address the following projects:

• Stormwater Master Plan update
• Park Master Plan update
• Parkwood Property site improvements

Capital Acquisition Funding. The SIF is often used to provide cash funding for capital equipment or projects.
For FY 2020 we are proposing to transfer $2,200,000 from the SIF to the Capital Improvements Program for
the purpose of building infrastructure. This cash funding will eliminate the need for the City to issue bonds
for General Fund CIP projects in FY 2020. Recall we have used this approach in since FY 2015.

In addition to funding CIP projects, we are proposing that funds from this category be used to acquire a
secondary repeater for outdoor warning siren notification,
airway management simulation equipment and additional
bunker gear for the Fire Department.
DID YOU KNOW?

Technology. To support the concept of high-performance
management and strong service delivery, Council identified a The Strategic Initiative Fund has
strategic corporate objective to “optimize the use of technology.” transferred over $55 million to the CIP
The Strategic Initiative Fund has traditionally covered the cost since 2006, allowing the City to avoid
of high impact technology solutions for the City. Examples have borrowing money to fund numerous
included enterprise software, technology tools to enhance capital projects.

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