Page 53 - Southlake FY23 Budget

BUDGET OvERvIEw

GUIDE TO THE BUDGET DOCUmEnT

Appendix - This section includes a list of acronyms,
a budget glossary, Southlake’s financial policies FY 2023 Budget
and frequently asked questions. Also included is a
personnel schedule, tax rate allocation information cAlendAr
and the Financial Wellness component of the
Southlake 2030 Sustainability Plan.
January 2022 City CounCil -
Strategy Work SeSSion
Budget ProceSS
How does the City of Southlake spend taxpayer MarCh 2022 Staff Budget kiCk-off
money? It’s a simple question with a complex May 2022 departMental BudgetS due
answer. What follows is a high-level explanation of
the City of Southlake’s budget process. auguSt 2022 City CounCil Budget previeW

The formal budget process in Southlake begins City CounCil Work SeSSion
each January / February with a City Council work City Manager fileS Budget
session designed to review the City’s strategy as it
relates to the Strategic Management System (SMS) SepteMBer 2022 City CounCil Work SeSSion
and make any changes necessary to ensure that 1St reading and
the strategy still aligns with City Council and citizen puBliC hearing
priorities. To read more about the SMS, see the
Strategic Direction section. City CounCil 2nd reading
and puBliC hearing
Using Council’s direction at this work session, staff
begins working on their departmental work plans oCtoBer 1 2022 fiSCal year 2023 BeginS
for the upcoming fiscal year. The initiatives in
these plans determine what budgetary requests Figure 1: FY 2023 Budget Calendar
are necessary to meet service level needs. Once
each department has finalized its own plan, and it has been approved by the City Manager, staff prepares their
departmental budget requests which are also submitted to and reviewed by the City Manager. For more information
about the City’s organizational structure, see the Strategic Direction section of this book.

The Charter of the City of Southlake mandates that a proposed budget be filed by the City Manager with the City
Secretary’s Office no later than August 15th for the new fiscal year beginning October 1. Following filing, the City
Council begins their review leading up to budget adoption in September.

When filed with the City Secretary’s Office on August 15th, the budget presents in summary form the revenues and
expenditures from each of the City’s funds. From there it is discussed during City Council work sessions and then
formally presented by staff during public hearings at regularly scheduled City Council meetings.

How tHe Budget iS Amended
The City of Southlake Charter Sections 9.20 through 9.25 defines the process for budget amendments (see
Appendix). To meet these charter requirements, budget amendment requests, if necessary, are evaluated and
processed each year and presented to City Council for review and approval.

citizen inPut And communicAtion
The process leading to the budget adoption is participatory and includes a communications plan that encourages
input from citizens, boards and commissions, City departments, and the City Council.

52 FY 2023 City of Southlake | BUDGET BOOK
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