Page 188 - Southlake FY22 Budget

CITY DEPArTMEnT OVErVIEW
FINANCE & INFORMATION TECHNOLOGY

Finance & Information Technology

Department

The Finance Department will provide sound management of the
City’s financial assets and timely, accurate information to ensure
financial sustainability.

Information Technology’s mission is to provide technology services
to the City of Southlake that are secure, scalable, reliable, financially
viable, and aligned with the City’s Strategic Management System.

DEPARTMENT HIGHLIGHTS

2,300 20 $.5M

Teen Court volunteers have The City has successfully Finance reduced the debt
performed more than 2,300 maintained the optimum service payment by $.5
hours of community service 25% fund balance in the million by the issuance
for Southlake departments/ General Fund for 20 years. of G.O. Refunding Bonds,
organizations. That is Series 2021 totaling $4.0
a savings of more than million resulting in over
$59,800 to the City of 100 13% net present value of
Southlake and its non-profit savings. This is one benefit
organizations IT supports over 100 of the City’s AAA bond
software applications rating
throughout the city.

Core Services
10%

Finance has thirteen core 9.8% The Finance and
services and Information Information Technology
Technology has ten core Department is staffed by
services. The Finance & Information 44.3875 FTEs that provide
Technology Department’s
2022 General Fund Budget services across the Finance
is $5,722,670 which is a Administration, Municipal
13.1% 9.8% increase over the FY Court, Information
2021 adopted budget. This Technology, and Water
Finance & Information increase is largely due to Utility divisions. The staff
Technology Department’s personnel increases. comprises 10% of the City’s
budget is 13.1% of total workforce.
General Fund expenditures.

BUDGET BOOK | FY 2022 City of Southlake 187
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