Page 326 - Southlake FY24 Budget

(i) Anticipated net surplus or deficit for the ensuing fiscal year of each utility owned or operated by the
City and the adopted method of its disposition; subsidiary budgets for each utility giving detailed income
and expenditure information shall be attached as appendices to the budget; and

(j) Such other information as may be required by the Council or deemed desirable by the City Manager.
9.03. Capital Facilities and Property Budget.

A five (5) year Capital Facilities and Property Budget, which may be revised and extended each year
to indicate capital improvements pending or in process of construction or acquisition, shall provide the
following items:

Appendix
(a) A summary of adopted programs;

(b) A list of all capital facilities and property improvements which are adopted to be undertaken during
the five (5) fiscal years next ensuing, with appropriate supporting information as to the necessity for such
improvements;

(c) Cost estimates, method of financing and recommended time schedules for each such improvement
with the estimated effect on the tax levy, and;

(d) The estimated annual cost of operating and maintaining the facilities to be constructed or acquired
over the five (5) year period.

9.04. Submission.

The City Manager shall submit to the Council a adopted budget and accompanying message on or before
the fifteenth day of August of each year. The Council shall review the adopted budget and revise it as
deemed appropriate prior to the general circulation for public hearing.
(Amended on May 5, 2001)

9.05. Public Notice and Hearing.

The public notice and hearing shall be held in accordance with state law.
(Amended on January 19, 1991; Amended on November 6, 2007).
Editors Note: Notice of public hearings is required in V.T.C.A., Local Government Code §§ 102.006(c) and
102.0065.

9.06. Amendment before Adoption.

After the public hearing, at a regular or special meeting, the Council may adopt the budget with or
without amendment. In amending the budget, it may add or increase any programs or amounts and may
delete or decrease any programs or amounts, except expenditures required by law or for debt service
or for estimated cash deficit, provided that no amendment to the budget shall increase the authorized
expenditures to an amount greater than the total of estimated income plus funds available from prior
years.

326 FY 2024 City of Southlake | Budget Book