Page 34 - Southlake FY23 Budget

TRAnSmITTAL LETTER

Technology Infrastructure and technologY inFrAstructure &
Security Fund securitY Fund expenditure highlights

The Technology Infrastructure and Security Fund was highlight item expenditure
created in FY 2017 to build capacity for current and
future technology needs. Network and IT
infrastructure $1,300,000
Revenue for this fund in FY 2023 is projected at redesign
$556,000, reflecting payments by communication
providers for the lease of space on City water towers, Audio/visual
and interest income. In FY 2023 we are also proposing equipment
a transfer of $1,000,000 from the Strategic Initiative upgrades and
Fund. replacement at $392,000
DPS North, DPS
Expenditures planned for FY 2023 include items Headquarters,
for improved network and IT infrastructure design, and Parkwood
strengthened security, business continuity, updated
equipment, and other infrastructure enhancements. Enterprise Asset
Total expenditures are planned at $2,859,383. Management
System (50%
The ending fund balance is projected at $5,768,880. Technology $136,500
Infrastructure
The establishment of the Business & Security
Technology Infrastructure and Continuity Fund/50% Utility
Security fund supports the focus Fund)
area of performance management
and the strategic corporate objective of CRM Software $70,036
“optimize the use of technology.”

Tax Increment Finance District Fund Fire Department
Record
Management $30,022
Tax Increment Reinvestment Zone (TIRZ) #1 or the Tax System (RMS)
Increment Finance (TIF) District was created in 1997,
with an effective beginning date of January 1, 1998.
It was designed to encourage quality commercial 311 Software $25,000
development in the city. Incremental values after
January 1997 are taxed at the City’s tax rate; however,
100% of the “captured” ad valorem revenues are Munis
utilized within the zone, rather than being allocated to Workflow App $3,000
the City’s overall budget. Overlapping taxing entities, implementation
including Tarrant County, Tarrant County College
District, Tarrant County Hospital District, and the Carroll Security City-wide
Independent School District (CISD) have participated at Equipment and camera project $470,000
varying levels as investors in TIRZ #1 by assigning their Infrastructure continuation
ad valorem tax dollars as well.

In 2018, TIRZ #1 was extended for an additional Technology Technology $100,000
twenty years. This means that funds will continue to Infrastructure Master Plan
be collected on the incremental tax value and invested
in the zone for an additional twenty years. These

BUDGET BOOK | FY 2023 City of Southlake 33
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