Page 29 - Southlake FY23 Budget

TRAnSmITTAL LETTER

Capital. The operating budget includes funding for
equipment necessary to maintain the park system. ccpd Fund expenditure highlights

Indirect charge/transfers. A transfer of $402,241 to highlight item expenditure
the General Fund is planned for the indirect charge.
We are also planning to transfer $2,784,383 to debt
service and $6,500,000 to the CIP.
5% cost of
The Southlake Parks Development Corporation is Pay adjustment living base pay
also responsible for paying principal and interest on adjustment
outstanding debt. For FY 2023, the SPDC debt service Personnel
fund will cover total expenditures of $2,790,383
for this purpose. The FY 2023 - 2027 Capital
Improvements Program including the Southlake Parks 9.4% rate
Development Corporation plan is described later in Health insurance increase
this letter.
Personnel and School Safety
Fund balance. The proposed ending fund balance for Operations - SRO Initiative $550,216
the SPDC operating fund will be $11,538,258. The - Service
ending fund balance for the SPDC debt service fund is Enhancement (3.55 FTE)
projected to be $1,920,229.
K-9 replacement $102,100
Initiatives funded through the and training
Southlake Parks Development Equipment
Corporation address the focus Taser $40,403
replacement
area of Infrastructure and the
strategic corporate objective of “Provide
attractive and unique spaces for enjoyment Police radio $249,374
of personal interests.” upgrade

Crime Control and Prevention Body-worn

District Fund Technology camera $77,880
replacement and
cloud storage
The half-cent sales tax collection to fund the Crime
Control and Prevention District (CCPD) began in Upgraded
April 1998, with the first sales tax check received in cradlepoints and
June 1998. State law provides that a district’s life is antennas for $77,059
limited to five years unless voters continue the district patrol vehicles
by approval of a referendum. In February 2002,
Southlake voters approved the continuation of the
CCPD for 15 years, and the district was set to sunset in 2018 unless reauthorized by the voters.

In May 2015, Southlake voters chose to reallocate a three-eighths cent portion from the CCPD to the
formation of a sales tax district to fund recreational and economic development projects. Approval of the
new district provided the funding needed to construct and support operations of the new community and
recreation center, The Marq Southlake. This left a one-eighth cent allocation remaining for CCPD activities
through the new sunset period, 2038, as authorized by the voters in May 2017.

28 FY 2023 City of Southlake | BUDGET BOOK
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