Page 43 - Southlake FY22 Budget

TrAnSMITTAL LETTEr

$681,008, including $355,882 in personnel expenses sTraTegiC iniTiaTive fund
and $325,126 in operational costs. These costs exPendiTure highlighTs
include personnel costs for drainage maintenance
staff, contract engineering services (surveying, etc.), highlighT iTem exPendiTure
contract labor for drainage projects, and materials
– all budgeted to ensure that we can adequately Transfer to
manage and respond to identified public drainage Infrastructure Facility
issues. Maintenance Maintenance $1,000,000
Fund
Transfers out of the fund totaling $236,763 are
planned in FY 2022. The ending fund balance is 2035 Water,
projected at $1,894,622. Wastewater,
and Stormwater $150,000
Master Plan
The activities funded through storm Community
water fees deliver on the focus area Enhancement Update
of Infrastructure, and the strategic
corporate objective of “Achieve best Parkwood
in class status in all City disciplines.” property site $50,000
improvements

sTraTegiC iniTiaTive fund

At the end of each fiscal year, General Fund excess Tanker Truck $375,000
revenue (including indirect transfers from other
funds) and unspent appropriation become a part
of the City’s fund balance, or reserves. This year’s
budget proposes that $11.1 million of FY 2022 Self-contained
projected revenues will remain in the General Fund breathing
undesignated fund balance. This will provide for apparatus (SCBA)
reserves of 25.41% of operating expenses to be Capital air compressor $47,865
used for unanticipated or emergency needs. This Acquisition and bottle fill
is the level deemed optimum under the City’s fund station
balance policy.

Vehicle rescue
When reserves exceed the optimum level, the $20,597
excess is transferred to the Strategic Initiative Fund strut system
(SIF). Using excess reserves in this way provides
cash funding for needed projects without requiring CIP
the City to borrow money for them. Further, this Transfer $6,500,000
approach ensures that reserves are not used to
balance the City’s operating budget. Transfer to

Technology
Implemented in 2006, the SIF has been used for Technology Infrastructure and $500,000
infrastructure maintenance (City facility repairs and Security Fund
renovations), the Urban Design Study, Southlake
2030/2035 plan development, technology needs,
and capital projects such as roads and sidewalks.
We have also been able to purchase needed public

42 FY 2022 City of Southlake | BUDGET BOOK
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