Page 265 - Southlake FY24 Budget

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

Park Dedication
This fund accounts for dedication fees on new development. Use of park dedication fees is restricted to
park improvements and primarily used for capital expenses.

Parks and Recreation Fund
This fund accounts for resources restricted for event and other sponsorship funds collected through the
City’s sponsorship program. Special Revenue Funds

Police Services Fund
The Police Services Fund was formed to account for the revenues allowed under Chapter 59 of the Code
of Criminal Procedure, in addition to other special revenues associated with policing. Expenses from this
fund may be used for officer training, specialized investigative equipment and supplies, and items used by
officers in direct law enforcement duties.

Public Art
The Public Art Fund was established to account for funding that is available for public art promotion,
creation, and/or installation throughout the City of Southlake.

Recycling
This fund accounts for an annual payment to the City made by the City’s solid waste services provider, per
the terms of the service contract.

Red Light Camera
This fund accounts for funds collected from violations issued from the City’s red light enforcement camera
system. Funds collected by the City of Southlake as a result of violations/citations issued, must be used
for traffic safety programs, per State law. Governor Greg Abbott signed a bill into law banning the use of
red light cameras on June 1, 2019. Under the new law, the City’s red light camera program immediately
ceased operation.

Reforestation
This fund accounts for monies derived from assessments related to the tree preservation ordinance and
policies.

Southlake Parks Development Corporation (SPDC)
The Southlake Parks Development Corporation was formed when Southlake voters approved the special
levy of a half-cent sales tax in the mid-1990s. The half-cent, which generates about $5 million per year,
is dedicated toward the acquisition and development of Southlake’s park land. The specific projects
are identified in the City’s Capital Improvements Program. State law permits these funds to be used for
operational costs, as well as capital costs.

FY 2024 City of Southlake | Budget Book 265