Page 37 - Southlake FY24 Budget

Special Revenue Funds
Special Revenue Funds
Expenditure Highlights
The City of Southlake accounts for revenues and
expenditures of dedicated or special purpose
funding in special revenue funds as described below. Commercial Vehicle
Enforcement Fund
Commercial Vehicle Enforcement Fund. State Item Expenditure
law requires that fines and forfeitures associated Transmittal Letter
with commercial vehicle enforcement activities be Pay Adjustment Up to 4.5% combined
Merit and Market
segregated for accounting purposes.

Health Insurance 6.9% rate increase
For FY 2024, we are projecting total revenues of
$29,500. Expenses total $174,750. A General Fund Court Security
transfer of $100,000 into this fund is planned. The
ending fund balance is projected to be $142,565. Up to 4.5% combined
Pay Adjustment
Merit and Market
Court Security. The budget anticipates revenues of
$32,000. Expenditures of $80,520 are planned to Health Insurance 6.9% rate increase
enhance the overall safety of the court with the use
of security personnel and other approaches. The Court Technology
projected ending fund balance is $346,229.
Replacement citation $18,000
Court Technology. The budget anticipates revenues writers
of $26,500. Expenditures of $26,530 are planned Hotel Occupancy Tax Fund
to include funding for projects to optimize the use
of technology for municipal court. The projected Pay Adjustment Up to 4.5% combined
ending fund balance is $280,850. Merit and Market

Health Insurance 6.9% rate increase
Hotel Occupancy Tax. The Hotel Occupancy Tax is
authorized under the Texas Tax Code, Chapter 351.
The City of Southlake adopted Ordinance No. 769 in Shopping & Dining $75,000
Open Rewards
February 2000, levying a 7% tax on room receipts. Program
The tax on hotel rooms is providing the revenues
Community Events
to the city in this category. For FY 2024, revenues Participation Policy
are estimated at $2,145,500, an increase of 25.6% Program Increase for $40,000
compared to the FY 2023 adopted budget. Events

Total planned expenditures for this fund for FY Solar Eclipse Event $25,000
2024 are $1,143,044. Transfers to other funds total
$607,645, including the indirect transfer to the Storm Water Utility Fund
General Fund, as well as transfers to the Public Art
Fund, and to the (CIP).
Gradall Fixed Thump $13,500
The ending fund balance is projected at $3,251,613. Grapple

Library Donations. Staff is anticipating
FY 2024 City of Southlake | Budget Book 37