Page 227 - Southlake FY24 Budget

Technology Infrastructure & Security Fund

The Technology Infrastructure and Security Fund was created in FY 2017 to
build capacity for current and future technology needs. Expenditures in this

DID YOU fund are used to maintain, enhance and replace technology infrastructure
KNOW? and enterprise software to ensure the City receives the most reliable and
DID YOU
KNOW? best value with technology investments. In order to keep up with the
increasing number and complexity of security threats, this fund also supports
GENERAL FUND
technology security projects and programs.
Technology Infrastructure and Security Fund
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2 2024 Proposed and 2023 Revised Budget t
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$ Increase/ $ Increase/
2022 2023 2023 (Decrease) % Increase/ 2024 (Decrease) % Increase/ Tech Infrastructure & Security Fund
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Miscellaneous 500,458 550,000 500,000 (50,000) -9.1% 500,000 (50,000) -9.1%
Interest (10,922) 6,000 210,000 204,000 3400.0% 195,000 189,000 3150.0%
Total Revenues $489,536 $556,000 $710,000 $154,000 0.0% $695,000 $139,000 25.0%
EXPENDITURES
Customer Enhancements 0 25,000 25,000 0 0.0% - (25,000) -100.0%
Information Security 0 100,000 100,000 0 0.0% 150,000 50,000 50.0%
Business Continuity 549,204 1,872,383 1,475,000 (397,383) -21.2% 654,812 (1,217,571) -65.0%
Security Equipment and Infrastructure 351,067 470,000 470,000 0 0.0% 150,000 (320,000) -68.1%
Technology Infrastructure 350,564 392,000 392,000 0 0.0% 1,063,291 671,291 171.2%
Total Expenditures $1,250,835 $2,859,383 $2,462,000 ($397,383) -13.9% 2,018,103 ($866,280) -30.3%
Net Revenues ($761,299) ($2,303,383) ($1,752,000) $551,383 ($1,323,103) $980,280
Transfer from other funds $500,000 $1,000,000 $1,000,000 $500,000
Transfer to other funds - - - -
Total Other Sources/(Uses) 500,000 $1,000,000 $1,000,000 $500,000
Beginning Fund Balance $7,869,223 $7,607,924 $7,607,924 $6,855,924
Ending Fund Balance $7,607,924 $6,304,541 $6,855,924 $6,032,821
FY 2024 Highlights
- The Technology Infrastructure & Security Fund was created in FY 2017 to build capacity for current
and future technology needs. Expenditures in this fund are used to maintain, enhance and replace
technology infrastructure and enterprise software to ensure the City receives the most reliable and best
value with technology investments. In order to keep up with the increasing number and complexity of
security threats, this fund also supports technology security projects and programs.
- $500,000 will be transferred from the Strategic Initiative Fund to maintain adequate funding.
- Total budgeted expenditures for this fund are $2,018,103, which includes items to ensure information
security, business continuity and maintain security and equipment infrastructure.

- The ending fund balance is projected at $6,032,821.

FY 2024 City of Southlake | Budget Book 227