Page 297 - Southlake FY23 Budget

SPECIAL REVENUE FUNDS

Storm Water utility fund

On October 17, 2006, the City Council established a Storm Water Utility System. This utility requires a monthly
fee for all of Southlake’s developed properties. These fees provide a funding source for maintenance, repair, and
construction of storm water facilities, and can only be spent for these purposes. The monthly storm water fee
is the same for all residential dwelling units. Residential properties are charged $8 per month for each dwelling
unit that is on the property. Fees for non-residential properties are calculated individually in proportion to each
STORM WATER UTILITY DISTRICT
property’s storm water runoff potential. For project details, see the CIP section of this document.
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
Stormwater-residential $912,316 $913,000 $915,000 $2,000 0.2% $918,200 $5,200 0.6%
Stormwater-commercial 666,148 657,500 670,000 12,500 1.9% 673,300 15,800 2.4%
Interest (419) 2,100 500 (1,600) -76.2% 500 (1,600) -76.2%
Total Revenues $1,578,045 $1,572,600 $1,585,500 $12,900 0.8% $1,592,000 $19,400 1.2%

EXPENDITURES
Personnel $341,719 $355,882 $363,139 $7,257 2.0% $398,067 $42,185 11.9%
Operations $282,782 $325,126 $322,887 (2,239) -0.7% $334,306 9,180 2.8%
Capital $0 $0 $0 0 0 $0 0 0.0%
Total Expenditures $624,501 $681,008 $686,026 $5,018 0.7% $732,373 $51,365 7.5%

Net Revenues $953,544 $891,592 $899,474 $7,882 $859,627 ($31,965)

Transfers Out (1,487,281) (236,763) (237,279) $516 (911,234) 674,471
Proceeds from C.O. Sale 0 0 0 0
Total Other Sources (Uses) ($1,487,281) ($236,763) ($237,279) ($911,234)

Beginning Fund Balance $1,789,609 $1,255,872 $1,255,872 $1,918,067
Ending Fund Balance $1,255,872 $1,910,701 $1,918,067 $1,866,460

fy 2023 highlightS:

• For FY 2023, total revenues for this fund are projected at $1,592,000 including $500 in interest earnings. This is
an increase of 1.2% when compared to the FY 2022 Adopted Budget.

• Planned expenditures for FY 2023 total $732,373, including $398,067 in personnel expenses and $334,306 in
operational costs. These costs include a portion of drainage staff costs, contract engineering services (surveying,
etc.), contract labor for drainage projects, and materials – all budgeted to ensure that we are able to adequately
manage and respond to identified public drainage issues.

• A transfer to the Debt Service Fund of $847,554 is planned and $63,680 to the General Fund for indirect charges
for total transfers of $911,234. No transfer to the Capital Improvements Program is planned for FY 2023.

• The ending fund balance is projected at $1,866,450. The expenses are necessary to improve and maintain public
drainage ways throughout the City.

296 FY 2023 City of Southlake | BUDGET BOOK
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