Page 292 - Southlake FY24 Budget

Storm Water Utility Fund

On October 17, 2006, the City Council established a Storm Water Utility
System. This utility requires a monthly fee for all of Southlake’s developed
properties. These fees provide a funding source for maintenance, repair,

DID YOU and construction of storm water facilities, and can only be spent for these
purposes. The monthly storm water fee is the same for all residential dwelling
KNOW?
DID YOU
KNOW? units. Residential properties are charged $8 per month for each dwelling unit
that is on the property. Fees for non-residential properties are calculated
STORM WATER UTILITY DISTRICT
individually in proportion to each property’s storm water runoff potential.
For project details, see the CIP section of this document.
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2 2024 Proposed and 2023 Revised Budget
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$ Increase/ $ Increase/
2022 2023 2023 (Decrease) % Increase/ 2024 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
Special Revenue Funds
REVENUES
Stormwater-residential $920,468 $918,200 $923,500 $5,300 0.6% $924,300 $6,100 0.7%
Stormwater-commercial 674,085 673,300 681,000 7,700 1.1% 687,000 13,700 2.0%
Interest (2,809) 500 30,000 29,500 5900.0% 40,000 39,500 7900.0%
Total Revenues $1,591,744 $1,592,000 $1,634,500 $42,500 2.7% $1,651,300 $59,300 3.7%
EXPENDITURES
Personnel $340,127 $398,067 $276,635 ($121,432) -30.5% $271,928 ($126,139) -31.7%
Operations $333,855 $334,306 $334,306 0 0.0% $337,985 3,679 1.1%
Capital $0 $0 $0 0 0 $0 0 0.0%
Total Expenditures $673,982 $732,373 $610,941 ($121,432) -16.6% $609,913 ($122,460) -16.7%
Net Revenues $917,762 $859,627 $1,023,559 $163,932 $1,041,387 $181,760
Transfers Out (237,279) (911,234) (912,934) $1,700 (1,113,393) 202,159
Proceeds from C.O. Sale 0 0 0 0
Total Other Sources (Use ($237,279) ($911,234) ($912,934) ($1,113,393)
Beginning Fund Balance $1,255,872 $1,936,355 $1,936,355 $2,046,980
Ending Fund Balance $1,936,355 $1,884,748 $2,046,980 $1,974,974
FY 2024 Highlights
- For FY 2024, total revenues for this fund are projected at $1,651,300 including $40,000 in interest
earnings. This is an increase of 3.7% when compared to the FY 2023 Adopted Budget.
- Planned expenditures for FY 2024 total $609,913, including $271,928 in personnel expenses and
$337,985 in operational costs. These costs include a portion of drainage staff costs, contract
engineering services (surveying, etc.), contract labor for drainage projects, and materials – all budgeted
to ensure that we are able to adequately manage and respond to identified public drainage issues.
- A transfer to the Debt Service Fund of $1,047,341 is planned and $66,052 to the General Fund for
indirect charges for total transfers of $1,113,393. No transfer to the Capital Improvements Program is
planned for FY 2024.
- The ending fund balance is projected at $1,974,974. The expenses are necessary to improve and
maintain public drainage ways throughout the City.

292 FY 2024 City of Southlake | Budget Book