Page 442 - Southlake FY23 Budget

APPEnDIx
Budget Glossary
BUDGET GLOSSARY

R

Reappropriation: A legal authorization granted by the City Council to reappropriate expenditures to the current
budget year for a specific purpose or program that was budgeted but unexpended at the end of the prior year.

Recycling Fund: This fund accounts for the revenues and expenditures surrounding the City’s contract with its solid
waste provider which requires them to make a monthly payment into the recycling fund. This money is used for
several recycling projects and initiatives.

Red Light Camera Fund: This fund accounts for fines collected from violations issued from the City’s red light
enforcement camera system. Funds collected by the City of Southlake as a result of violations/citations issued must
be used for traffic safety programs.

Reforestation Fund: This fund accounts for revenues and expenditures dedicated for reforestation. These funds are
derived from assessments related to the tree preservation ordinance and policies.

Reserve: A segregation of assets to provide for future use toward a specified purpose.

Resources: Total dollars available for appropriations including estimated revenues, fund transfers and beginning fund
balances.

Revenue: Income received by the City to support programs or services to the community. It includes such items as
taxes, fees, user charges, grants, fines, forfeits, interest income and miscellaneous revenue.

Revenue Estimate: A formal estimate of how much revenue will be earned from a specific source for some future
period; typically, a year.

Rollback Tax Rate: See voter-approval tax rate.

S

Salaries and Wages: Amounts paid for services rendered by employees in accordance with rates, hours, terms and
conditions authorized by law or stated in employment contracts. This category also includes overtime and seasonal
help.

Special Assessment Debt: Principal and interest on bonds related to Local Improvement Districts. This type of debt
is callable when money is available to make payments which occurs when prepayments are received from property
owners. The City budgets as if the entire debt will be paid in the current year, although this is highly unlikely.

Special Revenue Funds: General government funds where the source of revenue is dedicated to a specific purpose.

Southlake Parks Development Corporation (SPDC): A citizen approved non-profit development corporation
established to develop and operate park and recreational facilities. The SPDC utilizes a half-cent sales tax for the
purpose of acquiring land and making improvements to parks.

BUDGET BOOK | FY 2023 City of Southlake 441
WWW.CITYOFSOUTHLAKE.COM