Page 290 - Southlake FY24 Budget

Red Light Camera Fund

This fund accounts for funds collected from violations issued from the
City’s red light enforcement camera system. Funds collected by the City of
DID YOU Southlake as a result of violations/citations issued, must be used for traffic
KNOW? safety programs, per State law. Governor Greg Abbott signed a bill into law
DID YOU
KNOW? banning the use of red light cameras on June 1, 2019. Under the new law, the
Red Light Camera Fund
City’s red light camera program immediately ceased operation.
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2 2024 Proposed and 2023 Revised Budget
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$ Increase/ $ Increase/
2022 2023 2023 (Decrease) % Increase/ 2024 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Fines and forfeitures $0 $0 $0 $0 0% $0 $0 0.0%
Special Revenue Funds
Interest Income (1,725) 500 7,600 $7,100 1420% 1,500 $1,000 200.0%
Total Revenues ($1,725) $500 $7,600 $7,100 $1,500 $0
EXPENDITURES
Personnel $0 $0 $0 0 0% $0 0 0.0%
Operations 127,100 208,705 208,705 0 0% 126,205 (82,500) -39.5%
Capital - 0 0 0 0% 0 0 0.0%
Total Expenditures $127,100 $208,705 $208,705 $0 0% $126,205 ($82,500) -39.5%
Net Revenues ($128,825) ($208,205) ($201,105) $7,100 ($124,705) $83,500
Transfers In- $0 0 0 0 $0
Transfers Out - (100,000) 0 0 0 0 $0
Total Other Sources (Uses) ($100,000) $0 $0 $0 $0
Beginning Fund Balance $561,015 $332,190 $332,190 $131,085
0 0 0 0
Ending Fund Balance $332,190 $123,985 $131,085 $6,380
FY 2024 Highlights
- Projected revenue for FY 2024 includes $1,500 in interest income. Due to the red light cameras no
longer being operational, no revenue will be collected in fines. Operating expenses will largely be paid
using fund balance.
- For FY 2024, $126,205 is budgeted for expenses. Funded projects include city-wide striping ($50,000),
city-wide crosswalk flasher solar panel replacement ($28,000), and central software for traffic signal
radio network ($45,000).

- The beginning fund balance for the Red Light Camera Fund is $131,085. Ending fund balance for FY
2024 is projected at $6,380.

290 FY 2024 City of Southlake | Budget Book