Page 25 - Southlake FY23 Budget

TRAnSmITTAL LETTER

Operational increases. The General Fund includes the
operational dollars needed to provide basic services generAl Fund expenditure highlights
such as police and fire, public works, parks, recreation,
library services, and inspections. There are requests highlight item expenditure
that maintain the City’s current service levels but
require additional funding to do so. The full list of Commercial
expenditure highlights can be found in the General Operations Driver’s License
Fund expenditure highlight tables. - Legislative (CDL) Training $20,000

Mandate (63% General
Fund balance. The City of Southlake Fund Balance Fund/37%
Policy, adopted in 1993, states that the “goal shall be to Utility Fund)
maintain a fund balance in the General Fund equal to a
minimum of 15% of General Fund-budgeted operating Stars &
expenditures, with the optimum goal of 25%.” Stripes Event $25,000
Enhancements
The proposed budget reflects an undesignated General
Fund balance of 25.39% of expenditures, which Library
represents $12,257,247, and exceeds the optimum Programming $20,000
balance defined in the City’s policy. Contracts and
Supplies
Excess revenue and unspent appropriation above the
25% level are set aside for critical, high-impact projects Library Digital
as a transfer to the Strategic Initiative Fund (SIF). Details Operations Materials $9,950
about the transfer into the SIF and the use of these - Service Enhancement
dollars can be found later in this letter. Enhancement
North White
Maintaining a fund balance at the Chapel
optimum level identified in the Urban Design $9,900
City’s policy addresses the focus Enhancements
area of Performance Management
& Service Delivery and the strategic corporate Alliance for
objective of “Achieve fiscal wellness Community
standards.” Engagement $5,000
Neighborhood
Program
Support
Police
Department
Preventive $45,000
Health
Screening
Program

SYAC TML
Operations Youth Action $1,000
Commission
Conference

Licenses and
equipment $7,300
for new traffic
employees

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