Page 58 - Southlake FY23 Budget

BUDGET OvERvIEw

GUIDE TO THE BUDGET DOCUmEnT
Guide to the Budget Document

long-term bond projects through the Debt Service Fund. A Capital Improvements Program details the projects and costs
for a five-year period and identifies future unfunded projects. The Debt Service Fund provides the needed money to build
these projects.

Special Revenue Funds:
These funds are general government funds where the source of revenue is dedicated to a specific purpose:

Commercial Vehicle Enforcement
This fund accounts for fines collected from commercial vehicle violations. Use of these funds is restricted for
commercial vehicle enforcement, per State law.

Community Enhancement and Development Corporation (CEDC)
The Community Enhancement and Development Corporation was formed when Southlake voters approved
the special levy of a 3/8 cent sales tax in 2015. The funds are dedicated toward the construction of Champions
Club at The Marq Southlake, a community events and recreation facility. Funds are used to support operational
expenses related to The Marq as well as special economic development projects.

Community Enhancement and Development Corporation - Replacement Fund
The Community Enhancement and Development Corporation - Replacement Fund accounts for the resources
needed to manage the purchase of replacement equipment and capital outlay at The Marq Southlake. The
establishment and funding of the Community Enhancement and Development Corporation - Replacement Fund
was designed to even out expenses for the Community Enhancement and Development Corporation from year
to year and provide a logical method for purchasing and retiring needed equipment and capital outlay.

Court Security
This fund accounts for a percentage of the monies collected from the payment of fines and forfeitures. Use of
these funds is restricted for the purchase of court security items, per State law.

Court Technology
This fund accounts for a percentage of the monies collected from the payment of fines and forfeitures. Use of
these funds is restricted for purchase of court technology, per State law.

Crime Control and Prevention District (CCPD)
The half-cent sales tax collection to fund the Crime Control and Prevention District began in April 1998, with
the first sales tax check received in June 1998. State law provides that a district’s initial life is limited to five
years. Voters may continue the district by approval of a referendum. In February 2002, Southlake voters
approved the continuation of the CCPD for 15 years and in May 2015, voters approved the reduction of the
sales tax to 1/8 cent, and in May 2017 voters reauthorized the CCPD through 2038. This fund has been used to
build facilities for and to support the Southlake Police Department. This fund also supports the City’s School
Resource Officer Program.

Hotel Occupancy Tax
The Hotel Occupancy Tax is authorized under the Texas Tax Code, Chapter 351. The City of Southlake adopted
Ordinance No. 769 in February 2000, levying a 7% tax on room receipts. The tax on rooms is providing the
revenues to the City in this category. The first expenditures from this fund were made in FY 2008. Use of these
funds is restricted. Expenses must be authorized uses under the Texas Tax Code, Chapter 351.

Library Donations
This fund accounts for library donations collected. Use of these funds is restricted for library purposes.

BUDGET BOOK | FY 2023 City of Southlake 57
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