Page 39 - Southlake FY22 Budget

TrAnSMITTAL LETTEr

sPeCial revenue funds sPeCial revenue funds

exPendiTure highlighTs
The City of Southlake accounts for revenues
and expenditures of dedicated or special fund iTem exPendiTure
purpose funding in several special revenue 2.5% cost of
funds as described below. living base pay

adjustment;
Commercial Vehicle Enforcement Fund. Pay adjustment Merit, Market
State law requires that fines and forfeitures Commercial where
associated with commercial vehicle Vehicle applicable
enforcement activities be segregated for Enforcement
accounting purposes. Therefore, a new fund Fund 0.1% rate
was established in FY 2013. Health insurance decrease

For FY 2022, we are projecting total revenues Dental insurance 1% rate
of $25,300. Expenses total $157,095. A decrease
General Fund transfer of $150,000 into this
fund is planned. The ending fund balance is 2.5% cost of
projected to be $99,564. living base pay
adjustment;
Pay adjustment
Court Security. This adopted budget includes Merit, Market
funds from the payment of fines and Court Security where
forfeitures. Use of these funds is restricted applicable
for court security items, per State law. The Municipal Court Officer
adopted budget anticipates revenues of
$24,300. Adopted expenditures of $72,435 are (PT) (83% Court Security $13,641
planned to enhance the overall safety of the Fund/17% General Fund)
court with the use of security personnel and
including other operational expenses. The Court
projected ending fund balance is $345,620. Technology Virtual Court Technology $4,000

Court Technology. The adopted budget 2.5% cost of
includes funds from the payment of fines and living base pay
forfeitures. Use of these funds are restricted, adjustment;
per State law. The adopted budget anticipates Pay adjustment Merit, Market
revenues of $25,425. Adopted expenditures where
of $8,830 are planned to include funding for applicable
projects to optimize the use of technology for Hotel
municipal court. The projected ending fund Occupancy Tax Health insurance 0.1% rate
Fund
balance is $293,510. decrease

Hotel Occupancy Tax. The Hotel Occupancy Dental insurance 1% rate
Tax is authorized under the Texas Tax Code, decrease
Chapter 351. The City of Southlake adopted Wayfinding sign
Ordinance No. 769 in February 2000, levying maintenance / $50,000
a 7% tax on room receipts. The tax on hotel replacement
rooms is providing the revenues to the City in

38 FY 2022 City of Southlake | BUDGET BOOK
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