Page 37 - Southlake FY23 Budget

TRAnSmITTAL LETTER

The proposed budget reflects revenues of $90,000 speciAl reVenue Funds
in fees and $500 in interest earnings for total expenditure highlights
revenues of $90,500.
Fund item expenditure
The ending fund balance is projected to be
$1,249,212. SWAT replacement
equipment $49,624
Parks and Recreation Fund. This fund accounts
for sponsorships obtained to enhance City special
events, programs, athletic fields, and parks for AEDs for patrol vehicles
which sponsorships are granted. (4) $7,889

The proposed budget reflects revenues of $46,500
in donations, sponsorships, tournament fees, Guardian Angel lights for $6,500
and $600 in interest earnings for total revenues officers
of $47,100. Expenses are estimated at $82,500
leaving the fund with a projected balance of
$113,089. Weapon safes $6,500

Police Services Fund. This fund has been Police Services
established to account for revenue associated with Fund Property Room
asset forfeitures. For FY 2023, interest income commercial-grade $6,500
of $100 is the only anticipated revenue, but a refrigerator
beginning fund balance of $122,456 is available for
use. Total expenditures of $86,061 are planned to Locker for seized
address various Police Department needs. Ending electronics (cell phones, $5,500
fund balance is projected to be $36,495. tablets, etc.)

Public Art Fund. The Public Art Fund was
established to account for funding that is available Annual narcotics training $2,350
for the promotion, creation, installation, and/or
maintenance of public art throughout Southlake.
The Hotel Occupancy Tax financially supports Fleet tracking service
the City’s public art program, and a Public Art renewal $1,199
Master Plan has been adopted to guide program
development.
Public Art Fund Transfer to CIP $100,000
The proposed budget shows $2,000 in interest
income based on a beginning fund balance of
$438,215.
Recycling Fund Recycling education and $5,700
The law providing for the Hotel Occupancy Tax promotion
allows up to 15% of the revenues to be used for
public art purposes. For FY 2023 a transfer of Installation and network
$256,170 from the HOT Fund is proposed. connection to remotely $150,000
monitor traffic signals
Red Light
Camera Fund
Intersection striping $20,000

36 FY 2023 City of Southlake | BUDGET BOOK
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