Page 33 - Southlake FY24 Budget
P. 33
Economic Development Investment Fund
Transmittal Letter
The Economic Development Master Plan includes a recommendation to build an economic development
investment fund. We will continue to implement this recommendation for FY 2024.
Revenue highlights. For FY 2024, revenue of $65,000 is projected. Also, we will transfer $150,000 to this
fund, as we work to build its balance for future use.
Expenditure highlights. There are no budgeted expenditures from this fund for FY 2024.
Fund balance. The ending fund balance is projected to be $3,390,995.
Southlake Economic Development Master Plan
ED15: Maintain ongoing, dedicated funding to achieve
economic development goals by continuing investment in
the Economic Development Investment Fund.
FY 2024 City of Southlake | Budget Book 33