Page 526 - Southlake FY22 Budget

APPEnDIX

FInAnCIAL POLICIES

CiTy Of sOuThlake
eCOnOmiC develOPmenT invesTmenT fund exPendiTure guidelines

• GUIDING PRINCIPLE: Expenditures of Economic Development Investment Funds will stimulate the local economy
by providing funding to achieve the City’s strategic economic development goals

• Expenditures will support implementation of the Economic Development Master Plan which is focused on achieving
a vibrant, sustainable economy.

• Expenditures for public investment that have no alternate funding source which may include:

• Project enhancements desired by the City that meet established development goals such as open space
preservation

• Up-front incentive designed to address unique needs such as job creation tied to occupancy of an
historically vacant property or job retention related to redevelopment

• Non-recurring studies or planning needs that promote growth in target industries.

• Non-recurring marketing and other recruitment efforts designed to support the development of target industries.

BUDGET BOOK | FY 2022 City of Southlake 525
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