Page 226 - Southlake FY23 Budget

STRATEGIC InITIATIvE FUnD

current conSIderatIonS
The use of the SIF as a budget technique for future years depends on several factors:
• The City’s ability to meet its operational expenses with a structurally balanced budget for the current
budget year and in a multi-year context;
• The City’s ability to maintain a fund balance within policy parameters;
• The City’s capital needs and its ability to fund those in a timely manner to ensure infrastructure needs are
addressed appropriately; and,
• Tax rate management.

Summary
The SIF is an innovative budgeting technique that provides funding for one-time, high impact projects. Since the
City began using the concept in 2006, more than 64.5% of the funds have been directed to the CIP for cash funding
of infrastructure needs. The fund has also been used for equipment purchases and to build a facility maintenance
reserve fund, among other things.

TECHNOLOGY COMMUNITY
INFRASTRUCTURE ENHANCEMENT INFRASTRUCTURE
7% 2%
MAINTENANCE
11%

UNALLOCATED
19%

CAPITAL ACQUISITION
61%

StrategIc InItIatIve Fund expendItureS by type, Fy 2023

BUDGET BOOK | FY 2023 City of Southlake 225
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