Page 30 - Southlake FY23 Budget

TRAnSmITTAL LETTER

Revenue highlights. For FY 2023, $2,424,000 is anticipated in sales tax collections for the district, along with $2,225
in interest income for total revenues of $2,426,225. This is a projected increase of 21.1% compared to the FY 2022
adopted budget. The budget was approved by the District Board of Directors at their July 25, 2022, meeting.

Expenditure highlights. Total operating expenditures are proposed at $2,566,884 for FY 2023. Proposed operating
fund expenditures include the ongoing allocation of dollars for the School Resource Officer (SRO) program in addition
to equipment needed for the Police Department.

Based upon a recommendation by an ad hoc school safety committee consisting of city and school district staff and
elected officials, the SRO program will be expanded in FY 2023. Three officers will be added, along with a Police
Captain to oversee the SRO Division. The addition of these officers will enhance the Police Department’s ability to
maintain a strong presence at all schools in Southlake. The cost of the program’s expansion will be borne entirely by
the CCPD budget.

Indirect charge/transfers. A transfer of $97,049 to the General Fund is planned for an indirect charge. A transfer of
$1,130,000 is planned for the CIP.

Fund balance. The ending fund balance for the CCPD Operating Fund is projected at $3,986,864.

The budget of the Crime Control and Prevention District supports the focus area
of Safety & Security and the strategic corporate objective of “Achieve the highest
standards of safety and security.”

DID YOU KNOW?

A special election was held on May 6, 2017, asking voters
to determine if the CCPD should be reauthorized for an
additional twenty years. The proposition passed with 81%
of voters supporting the extension. As a result, the District is
not scheduled to sunset until 2038.

BUDGET BOOK | FY 2023 City of Southlake 29
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