Page 364 - Southlake FY22 Budget

SPECIAL rEVEnUE FUnDS EXPEnDITUrES

red lighT Camera fund

This fund accounts for funds collected from violations issued from the City’s red light enforcement camera system.
Funds collected by the City of Southlake as a result of violations/citations issued, must be used for traffic safety
Red Light Camera Fund
programs, per State law. Governor Greg Abbott signed a bill into law banning the use of red light cameras on June
2022 Proposed and 2021 Revised Budget
1, 2019. Under the new law, the City’s red light camera program immediately ceased operation. 10:34 AM
07/22/21

$ Increase/ $ Increase/
2020 2021 2021 (Decrease) % Increase/ 2022 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
Adopted
REVENUES
Fines and forfeitures $1,428 $0 $0 $0 0% $0 $0 0.0%
Interest Income 9,137 5,000 1,100 ($3,900) -78% 1,200 ($3,800) -76.0%
Total Revenues $10,565 $5,000 $1,100 ($3,900) $1,200 $0

EXPENDITURES
Personnel $0 $0 $0 0 0% $0 0 0.0%
Operations 60,264 157,705 157,705 0 0% 128,705 (29,000) -18.4%
Capital - 0 0 0 0% 0 0 0.0%
Total Expenditures $60,264 $157,705 $157,705 $0 0% $128,705 ($29,000) -18.4%

Net Revenues ($49,699) ($152,705) ($156,605) ($3,900) ($127,505) $25,200
Transfers In- $0 0 0 0 $0
Transfers Out - 0 0 0 0 (100,000) ($100,000)
Total Other Sources
(Uses) $0 $0 $0 $0 ($100,000)

Beginning Fund Balance $756,526 $706,827 $706,827 $550,222
0 0 0 0
Ending Fund Balance $706,827 $554,122 $550,222 $322,717

fy 2022 highlighTs:

• Governor Greg Abbott signed a bill into law banning the use of red light cameras on June 1, 2019. Under the new
law, the City’s red light camera program immediately ceased operation.

• Projected revenue for FY 2022 includes $1,200 in interest income. Due to the red light cameras no longer being
operational, no revenue will be collected in fines. Operating expenses will largely be paid using fund balance.

• For FY 2022, we are proposing $128,705 in expenses for traffic signal back-up batteries ($90,000), school zone
safety enhancements ($35,500), and traffic safety enhancements ($3,205).

• The beginning fund balance for the Red Light Camera Fund is $550,222. Ending fund balance for FY 2022 is
projected at $322,717.

BUDGET BOOK | FY 2022 City of Southlake 363
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