Page 40 - 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, and construction of public storm water facilities, and can only be
spent for these purposes.

For FY 2024, total revenues for this fund are projected at $1,651,300. 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.

Transfers out of the fund totaling $1,113,393 are planned in FY 2024. The ending fund balance is projected
at $1,974,974.

Transmittal Letter

The City maintains the public storm water drainage system and
DID YOU structures within the right-of-way and dedicated public storm water
KNOW? drainage easements.

40 FY 2024 City of Southlake | Budget Book