Page 9 - Southlake FY23 Budget

INTRO & TOC FY 2023 BUDGET BOOK

Financial Trend Monitoring System Overview ..................................................................... 81
Financial Trend Monitoring System: Environmental Factors .........................................85
Financial Trend Monitoring System: Financial Indicators .............................................. 99
Benchmark City Trend Data .....................................................................................................115

Strategic Direction ...........................................................................................................129
This section provides information about the City’s Strategic Management System (SMS).
Several years ago the City adopted the SMS which drives the way the City conducts its
business. The department directors contribute to the SMS by developing a corporate
business plan and aligning their yearly budget proposals to that plan.

Overview of city departments .........................................................................................149
This section provides an overview of the various departments and divisions of the City
via department highlights, strategy maps, performance measures and goals. This section
is intended to give the reader an understanding of the core services each department
provides as well as performance data related to those services.

Fund Summaries ................................................................................................................181
This section provides an analysis of each separate fund including revenues, expenditures
and fund balance. For comparative purposes, the immediately preceding fiscal year’s
audited figures are illustrated, as well as current year budget, revised current year and
projected budget for the impending fiscal year.

General Fund Expenditures ...............................................................................................211
This section provides the General Fund Summary. The General Fund is the City’s principal
operating fund which is supported by taxes, fees, and other revenues that may be used
for any lawful purpose. This fund accounts for all activity not specifically accounted for
in other funds and includes such operations as police, fire, engineering, planning, finance
and administration.

Strategic Initiative Fund ...................................................................................................221
This section provides information about the Strategic Initiative Fund. This fund was
created in 2005 for the purpose of taking fund balance reserves in excess of the City
identified optimal fund balance level and using them for one-time expenditures for high-
impact projects such as infrastructure maintenance, community enhancement, technology
and capital acquisition.

Facility Maintenance Fund .............................................................................................. 227
This section provides information about the Facility Maintenance Fund. The purpose of
this fund is to build capacity for future maintenance projects as we will have many needs
to address as our facilities age. The Strategic Initiative Fund has provided seed money for
this fund, an important element of our budget given the size and complexity of the City’s
facility infrastructure.

8 FY 2023 City of Southlake | BUDGET BOOK
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