Page 24 - Southlake FY24 Budget

General Fund Expenditure
Service enhancements: This budget includes Highlights - Operations
several requests to enhance existing services that
the city provides, as noted.
Operations -
Operational increases: The General Fund includes Service Enhancements
the operational dollars needed to provide basic Item Expenditure
services such as police and fire, public works,
parks, recreation, library services, and inspections. Expand Library
There are requests that maintain the City’s current Office Space $200,000
service levels but require additional funding to do
so. The full list of expenditure highlights can be
found in the General Fund expenditure highlight Consulting Services -
tables. Special Projects $49,900
Transmittal Letter
Fund balance: The City of Southlake Fund West Kirkwood
Balance Policy, adopted in 1993, states that the and White Chapel
“goal shall be to maintain a fund balance in the - Landscape $33,150
General Fund equal to a minimum of 15% of Enhancements
General Fund-budgeted operating expenditures,
with the optimum goal of 25%.”
Fit City Challenge $20,750
The adopted budget reflects an undesignated Expenses
General Fund balance of 25.1% of expenditures,
which represents $13,211,435, and falls within the
fund balance requirements defined in the City’s
policy. SH 114 Gore Cleaning $18,000

Excess revenue and unspent appropriation above
the 25% level are set aside for critical, high-impact
projects as a transfer to the Strategic Initiative My Southlake News $10,200
Fund (SIF). Details about the transfer into the SIF Redevelopment
and the use of these dollars can be found later in
this letter.
Veteran’s Day $2,500
Programming

Operations

Increase in Fire
Operations Overtime $300,000
Budget
Maintaining a fund balance at the optimum
level identified in the City’s policy addresses
the focus area of Performance Management Increase in Keller
& Service Delivery and the strategic Dispatch and Jail $228,848
corporate objective of “Safeguarding Fees
the public trust through a commitment
to thoughtful planning and responsible, Utilities Street Lights
conservative financial management.
Electrical Cost $102,000
Increase

Fire Physicals and $44,035
Cancer Screening

24 FY 2024 City of Southlake | Budget Book