Page 37 - Southlake FY22 Budget

TrAnSMITTAL LETTEr

TeChnOlOgy infrasTruCTure and TeChnOlOgy infrasTruCTure & seCuriTy fund
seCuriTy fund exPendiTure highlighTs

highlighT iTem exPendiTure
The Technology Infrastructure and Security Fund
was created in FY 2017 to build capacity for current
and future technology needs. Expenditures in this Network
fund are used to maintain, enhance and replace redundancy for $400,000
technology infrastructure and enterprise software city facilities
to ensure the City receives the most reliable and Enterprise Asset
best value with technology investments. In order to Management
keep up with the increasing number and complexity System (50%
of security threats, this fund also supports Technology
technology security projects and programs. Infrastructure $120,000
Business & Security
Revenue for this fund in FY 2022 is projected at Continuity Fund/50% Utility
$436,000, reflecting payments by communication Fund)
providers for the lease of space on City water
towers, and interest income. In FY 2022 we are also Network
proposing a transfer of $500,000 from the Strategic administration $55,000
Initiative Fund. services

Expenditures planned for FY 2022 include items Munis Employee
for information security, business continuity, Expense $22,500
equipment and infrastructure enhancements. Total Reimbursement
expenditures are planned at $1,408,250. module

The ending fund balance is projected at $6,702,390. Cyber security
enhancements $100,000
The establishment of the Technology
Infrastructure and Security Security
fund supports the focus area of Parkwood facility
performance management and the Equipment and security cameras $40,000
strategic corporate objective of “optimize the Infrastructure
use of technology.”

Legends Hall $18,250
Tax inCremenT finanCe disTriCT security cameras

fund

Technology Server and
Tax Increment Reinvestment Zone (TIRZ) #1 or the Infrastructure storage expansion $100,000
Tax Increment Finance (TIF) District was created in
1997, with an effective beginning date of January
1, 1998. It was designed to encourage quality
commercial development in the City. Incremental values subsequent to January 1997 are taxed at the City’s
tax rate; however, 100% of the “captured” ad valorem revenues are utilized within the zone, rather than being
allocated to the City’s overall budget. Overlapping taxing entities, including Tarrant County, Tarrant County

36 FY 2022 City of Southlake | BUDGET BOOK
WWW.CITYOFSOUTHLAKE.COM