Page 24 - Southlake FY22 Budget
P. 24
TrAnSMITTAL LETTEr
As previously noted, total General Fund operating
budget revenues are expected to increase by general fund exPendiTure highlighTs
6.7% for FY 2022, recognizing the 20% homestead
exemption and impacts to revenue associated with highlighT iTem exPendiTure
the adopted tax rate decrease.
2.5% cost of
living base pay
Figure 10 on the previous page shows the distribution
of General Fund revenue sources. Pay adjustment adjustment;
Merit, Market
where applicable
The General Fund also recognizes $2,174,423 that
will be transferred in from the Utility Fund, Storm
Water Utility Fund, Hotel Occupancy Tax Fund, Health 0.1% rate
Southlake Parks Development Corporation, Crime insurance decrease
Control and Prevention District, and the Community
Enhancement and Development Corporation to Dental 1% rate decrease
cover indirect costs borne by the General Fund. Note insurance
the transfer is shown “below the line,” meaning
it is not shown as a revenue line item. However, Dependent $52,500
these dollars are available for operating expenses, healthcare cost (all funds)
if needed. For FY 2022, indirect charges are not increases
needed to balance the General Fund budget. The HSA
transfer will go straight to the budget’s bottom line, administration $5,000
ensuring an optimum fund balance. costs (all funds)
Expenditure highlights. The General Fund accounts Personnel $22,000
for all expenditure activity not specifically accounted Longevity pay (all funds)
for in other funds, including the operational expenses
for public safety, engineering, planning, finance, HR Business
legal and administrative oversight. FY 2022 adopted Partner (FT)
expenditures total $43,539,922 and represent a (Reclassified $16,101
2.4% increase over the FY 2021 adopted budget. from full-time
Some of the growth is attributable to general service HR Generalist)
cost increases, while a portion of it supports service
enhancements, unfunded mandates, or costs that Library
exceed certain market benchmarks due to unusual Manager (FT)
circumstances or anomalies (such as an extremely (Reclassified $11,074
high number of catastrophic health insurance from full-time
claims). Librarian)
The following highlights capture key aspects of Application
adopted General Fund expenditures for FY 2022: Developer I (FT)
(Reclassified $52,808
The City of Southlake is a service organization and from part-time
most of the operating expenses are related to labor Intern)
costs. For FY 2022, more than 70% of planned
expenses are personnel-related. An explanation of
some of these costs is provided as follows:
BUDGET BOOK | FY 2022 City of Southlake 23
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