Page 60 - Southlake FY20 Budget

Budget 101

• Community Enhancement and Development Corporation
The Community Enhancement and Development Corporation was formed when Southlake voters approved the
special levy of a 3/8 cent sales tax in 2015. The funds are dedicated toward the construction of Phase II of The
Marq Southlake, a community events and recreation facility. Funds will also be used to support operational
expenses related to The Marq as well as special economic development projects.

• Court Security
This fund accounts for a percentage of the monies collected from the payment of fines and forfeitures. Use of
these funds is restricted for the purchase of court security items, per State law.

• Court Technology
This fund accounts for a percentage of the monies collected from the payment of fines and forfeitures. Use of
these funds is restricted for purchase of court technology, per State law.

• Crime Control and Prevention District (CCPD)
The half-cent sales tax collection to fund the Crime Control and Prevention District began in April 1998, with the
first sales tax check received in June 1998. State law provides that a district’s initial life is limited to five years.
Voters may continue the district by approval of a referendum. In May 2015, voters approved the reduction of
the sales tax to 1/8 cent, and in May 2017, Southlake voters approved the continuation of the CCPD for 20 years.
This fund has been used to build facilities for and support the Departments of Public Safety. This fund also
supports the City’s School Resource Officer Program.

• Hotel Occupancy Tax
The Hotel Occupancy Tax is authorized under the Texas Tax Code, Chapter 351. The City of Southlake adopted
Ordinance No. 769 in February 2000, levying a 7% tax on room receipts. The tax on rooms at the Hilton Hotel
and the Cambria Hotel and Suites is providing the revenues to the City in this category. The first expenditures
from this fund were made in FY 2008. Use of these funds is restricted. Expenses must be authorized uses under
the Texas Tax Code, Chapter 351.

• Library Donations
This fund accounts for library donations collected. Use of these funds is restricted for library purposes.

• Park Dedication
This fund accounts for dedication fees on new development. Use of park dedication fees is restricted to park
improvements and primarily used for capital expenses.

• Parks and Recreation Fund
This fund accounts for resources restricted for use by the Community Services Department. Such funds include
event and other sponsorship funds collected through the City’s sponsorship program.

• Public Art
The Public Art Fund was established to account for funding that is available for public art promotion, creation,
and/or installation throughout the City of Southlake.

• Recycling
This fund accounts for an annual payment to the City made by the City’s solid waste services provider, per the
terms of the service contract.

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