Page 38 - Southlake FY23 Budget

TRAnSmITTAL LETTER

Expenditures are estimated at $70,143. The Public Art Fund provides support for the City’s ongoing relationship with
the APEX Arts League, Arts Council – Northeast, and the Southlake Arts Council by providing funding for various
projects such as public art displays and event support. The budget also supports public art maintenance.

A transfer of $100,000 to the CIP is planned for public art.

The ending fund balance is estimated at $526,242.

Recycling Fund. The City’s contract for solid waste services provides for an annual payment of $6,000 to the City for
total projected revenue of $6,100 including interest. The proposed budget includes $5,700 for special projects for FY
2023. The ending fund balance is projected to be $77,358.

Red Light Camera Fund. In August 2008, the City of Southlake initiated a red-light enforcement camera system.
Subsequently, Texas lawmakers passed a bill to prohibit the use of the cameras. The city immediately ceased
operations of the program. The budget accounting for the revenue generated from the fines previously levied has a
beginning fund balance of $332,108. With interest earnings of $500 projected, the fund will still be able to support
traffic safety programs in FY 2023. Expenditures for traffic safety operations have been budgeted at $208,705,
including technology for monitoring traffic signals.Ending fund balance for FY 2023 is projected at $123,903.

Initiatives funded through the Red Light Camera Fund address the City’s “Safety and
Security” Focus Area.

Reforestation. The proposed budget includes this fund to account for revenues and expenditures dedicated for
reforestation. These funds are derived from assessments related to the tree preservation ordinance. The proposed
budget reflects permits/fees of $5,000. No expenditures are budgeted from this fund for FY 2023. The ending fund
balance is projected at $89,948.

The activities supported by the Reforestation Fund support the Council’s desire for
quality development by ensuring that the natural environment is protected and
preserved, or at a minimum replaced.

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 public storm water facilities, and can only be spent for these purposes.

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 personnel costs for
drainage maintenance staff, contract engineering services (surveying, etc.), contract labor for drainage projects, and
materials – all budgeted to ensure that we can adequately manage and respond to identified public drainage issues.

Transfers out of the fund totaling $911,234 are planned in FY 2023. The ending fund balance is projected at
$1,866,460.

BUDGET BOOK | FY 2023 City of Southlake 37
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