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
   28   29   30   31   32   33   34   35   36   37   38