Page 295 - Southlake FY23 Budget

SPECIAL REVENUE FUNDS

red light Camera fund

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
Red Light Camera Fund
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.
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
Fines and forfeitures $0 $0 $0 $0 0% $0 $0 0.0%
Interest Income 152 1,200 100 ($1,100) -92% 500 ($700) -58.3%
Total Revenues $152 $1,200 $100 ($1,100) $500 $0

EXPENDITURES
Personnel $0 $0 $0 0 0% $0 0 0.0%
Operations 145,966 128,705 128,705 0 0% 208,705 80,000 62.2%
Capital - 0 0 0 0% 0 0 0.0%
Total Expenditures $145,966 $128,705 $128,705 $0 0% $208,705 $80,000 62.2%

Net Revenues ($145,814) ($127,505) ($128,605) ($1,100) ($208,205) ($80,700)
Transfers In- $0 0 0 0 $0
Transfers Out - 0 (100,000) (100,000) 0 0 $100,000
Total Other Sources (Uses) $0 ($100,000) ($100,000) $0 $0

Beginning Fund Balance $706,527 $560,713 $560,713 $332,108
0 0 0 0
Ending Fund Balance $560,713 $333,208 $332,108 $123,903

fy 2023 highlightS:

• Projected revenue for FY 2023 includes $500 in interest income. Due to the red light cameras no longer being
operational, no revenue will be collected in fines. Operating expenses will largely be paid using fund balance.
• For FY 2023, we are proposing $208,705 in expenses for traffic signal remote monitoring equipment installation
($150,000), intersection striping ($20,000), and traffic safety enhancements ($38,705).

• The beginning fund balance for the Red Light Camera Fund is $332,108. Ending fund balance for FY 2023 is
projected at $123,903.

294 FY 2023 City of Southlake | BUDGET BOOK
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