Page 234 - Southlake FY23 Budget

TECHNOLOGY INFRASTRUCTURE & SECURITY FUND

Technology InfrasTrucTure & securITy fund

The Technology Infrastructure and Security Fund was created in FY 2017 to build capacity for current and future
technology needs. Expenditures in this fund are used to maintain, enhance and replace technology infrastructure
and enterprise software to ensure the City receives the most reliable and best value with technology investments.
GENERAL FUND
In order to keep up with the increasing number and complexity of security threats, this fund also supports
technology security projects and programs.
Technology Infrastructure and Security Fund
2023 Proposed and 2022 Revised Budget

$ Increase/ $ Increase/
2021 2022 2022 (Decrease) % Increase/ 2023 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Miscellaneous 666,809 420,000 550,000 130,000 31.0% 550,000 130,000 31.0%
Interest 5,990 16,000 7,500 (8,500) -53.1% 6,000 (10,000) -62.5%
Total Revenues $672,799 $436,000 $557,500 $121,500 0.0% $556,000 $120,000 27.5%

EXPENDITURES
Customer Enhancements 0 0 0 0 0.0% 25,000 25,000 249999900.0%
Information Security 0 100,000 100,000 0 0.0% 100,000 0 0.0%

Business Continuity 484,799 925,000 925,000 0 0.0% 1,872,383 947,383 102.4%
Security Equipment and Infrastructure 0 383,250 461,250 78,000 20.4% 470,000 86,750 22.6%
Technology Infrastructure 231,627 0 0 0 0.0% 392,000 392,000 3919999900.0%
Total Expenditures $716,426 $1,408,250 $1,486,250 $78,000 5.5% 2,859,383 $1,426,133 101.3%

Net Revenues ($43,627) ($972,250) ($928,750) $43,500 ($2,303,383) ($1,331,133)

Transfer from other funds $1,500,000 $500,000 $500,000 $1,000,000
Transfer to other funds - - - -
Total Other Sources/(Uses) 1,500,000 $500,000 $500,000 $1,000,000
Beginning Fund Balance $6,044,640 $7,501,013 $7,501,013 $7,072,263
Ending Fund Balance $7,501,013 $7,028,763 $7,072,263 $5,768,880

fy 2023 hIghlIghTs:

• The Technology Infrastructure & Security Fund was created in FY 2017 to build capacity for current and
future technology needs. Expenditures in this fund are used to maintain, enhance and replace technology
infrastructure and enterprise software to ensure the City receives the most reliable and best value with
technology investments. In order to keep up with the increasing number and complexity of security threats, this
fund also supports technology security projects and programs.

• We are proposing a transfer of $1,000,000 from the Strategic Initiative Fund to maintain adequate funding.

• Total planned expenditures for this fund are $2,859,383, which includes items to ensure information security,
business continuity and maintain security and equipment infrastructure.

• The ending fund balance is projected at $5,768,880.

BUDGET BOOK | FY 2023 City of Southlake 233
WWW.CITYOFSOUTHLAKE.COM