Page 65 - Southlake FY22 Budget

BUDGET OVErVIEW

GUIDE TO THE BUDGET DOCUMEnT

Voters may continue the district by approval of a referendum. In February 2002, Southlake voters approved the
continuation of the CCPD for 15 years and in May 2015, voters approved the reduction of the sales tax to 1/8
cent, and in May 2017 voters reauthorized the CCPD through 2038. This fund has been used to build facilities
for and to support the Southlake Police Department. This fund also supports the City’s School Resource Officer
Program.

• Hotel Occupancy Tax
The Hotel Occupancy Tax is authorized under the Texas Tax Code, Chapter 351. The City of Southlake adopted
Ordinance No. 769 in February 2000, levying a 7% tax on room receipts. The tax on rooms is providing the
revenues to the City in this category. The first expenditures from this fund were made in FY 2008. Use of these
funds is restricted. Expenses must be authorized uses under the Texas Tax Code, Chapter 351.

• Library Donations
This fund accounts for library donations collected. Use of these funds is restricted for library purposes.

• Park Dedication
This fund accounts for dedication fees on new development. Use of park dedication fees is restricted to park
improvements and primarily used for capital expenses.

• Parks and Recreation Fund
This fund accounts for resources restricted for event and other sponsorship funds collected through the City’s
sponsorship program.

• Public Art
The Public Art Fund was established to account for funding that is available for public art promotion, creation,
and/or installation throughout the City of Southlake.

• Recycling
This fund accounts for an annual payment to the City made by the City’s solid waste services provider, per the
terms of the service contract.

• Red Light Camera
This fund accounts for funds collected from violations issued from the City’s red light enforcement camera
system. Funds collected by the City of Southlake as a result of violations/citations issued, must be used for
traffic safety programs, per State law. Governor Greg Abbott signed a bill into law banning the use of red
light cameras on June 1, 2019. Under the new law, the City’s red light camera program immediately ceased
operation.

• Reforestation
This fund accounts for monies derived from assessments related to the tree preservation ordinance and
policies.

64 FY 2022 City of Southlake | BUDGET BOOK
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