Page 366 - Southlake FY22 Budget
P. 366

SPECIAL rEVEnUE FUnDS EXPEnDITUrES



            storm Water utility Fund



            On October 17, 2006, the City Council established a Storm Water Utility System. This utility requires a monthly
            fee for all of Southlake’s developed properties. These fees provide a funding source for maintenance, repair, and
            construction of storm water facilities, and can only be spent for these purposes. The monthly storm water fee is the
            same for all residential dwelling units. Residential properties are charged $8 per month for each dwelling unit that
            is on the property. Fees for non-residential properties are calculated individually in proportion to each property’s
                                          STORM WATER UTILITY DISTRICT
            storm water runoff potential.  For project details, see the CIP section of this document.       10:53 AM
                                           2022  Proposed and 2021 Revised Budget
                                                                                                            07/22/21


                                                               $ Increase/                    $ Increase/
                             2020         2021        2021     (Decrease)  % Increase/  2022   (Decrease)  % Increase/
                             Actual     Adopted     Amended     Adopted   -Decrease  Adopted   Adopted   -Decrease
                                                                                    Proposed
         REVENUES
         Stormwater-residential  $911,560  $911,000   $911,000        $0      0.0%    $913,000    $2,000     0.2%
         Stormwater-commercial  648,735     653,800    653,800         0      0.0%     657,500     3,700     0.6%
         Interest               17,218      11,000       2,000     (9,000)   -81.8%      2,100    (8,900)   -80.9%
         Total Revenues      $1,577,513   $1,575,800  $1,566,800   ($9,000)  -0.6%   $1,572,600  ($3,200)    -0.2%

         EXPENDITURES
         Personnel            $299,387     $328,389   $332,389     $4,000     1.2%    $355,882   $27,493     8.4%
         Operations           $324,581     $300,946   $296,946     (4,000)   -1.3%    $325,126    24,180     8.0%
         Capital                  $0           $0          $0          0        0          $0        0       0.0%
         Total Expenditures   $623,968     $629,335   $629,335        $0      0.0%    $681,008   $51,673     8.2%

         Net Revenues         $953,545     $946,465   $937,465     ($9,000)           $891,592   ($54,873)

         Transfers Out       (1,067,045)  (1,487,641)  (1,487,281)  ($360)             (236,763)  (1,250,878)
         Proceeds from C.O. Sale   0            0          0                               0
         Total Other Sources
         (Uses)             ($1,067,045)  ($1,487,641)  ($1,487,281)                  ($236,763)

         Beginning Fund Balance  $1,903,109  $1,789,609  $1,789,609                  $1,239,793
         Ending Fund Balance  $1,789,609  $1,248,433  $1,239,793                     $1,894,622

        fy 2022 highlighTs:


        •  For FY 2022, total revenues for this fund are projected at $1,572,600 including $2,100 in interest earnings. This is
            a decrease of 0.2% when compared to the FY 2021 Adopted Budget.


        •  Planned expenditures for FY 2022 total $681,008, including $355,882 in personnel expenses and $325,126 in
            operational costs. These costs include a storm water engineer (funded first in FY 2009), contract engineering
            services (surveying, etc.), contract labor for drainage projects, and materials – all budgeted to ensure that we are
            able to adequately manage and respond to identified public drainage issues.

        •  A transfer to the Debt Service Fund of $173,859 is planned and $62,904 to the General Fund for indirect charges
            for total transfers of $236,763. No transfer to the Capital Improvements Program is planned for FY 2022.

        •  The ending fund balance is projected at $1,894,622. The expenses are necessary to improve and maintain public
            drainage ways throughout the City.




                                                                           BUDGET BOOK   |  FY 2022 City of Southlake  365
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