Page 42 - Southlake FY24 Budget

often used to provide cash funding for Strategic Initiative Fund expenses
capital equipment or projects. For FY 2024, By Category, FY 2024
$8,000,000 will be transferred from the SIF
to the Capital Improvements Program for TECHNOLOGY INFRASTRUCTURE
the purpose of building infrastructure and INFRASTRUCTURE COMMUNITY ENHANCEMENT MAINTENANCE
2%
planned facilities. 4% 4%

This year’s budget includes additional
expenditures of $336,996 in this category,
to address capital purchases needed for city UNALLOCATED
operations. 16%

Technology. To support the concept of
Transmittal Letter
high-performance management and strong
service delivery, Council has identified
strategic corporate objectives to that
emphasize future-readiness and strong risk
management. The Strategic Initiative Fund
CAPITAL ACQUISITION
has traditionally covered the cost of high 74%
impact technology solutions for the city.

Council established a Technology
Infrastructure and Security Fund to ensure
sustainable funding that recognizes ongoing Figure 12
technological change and advancement. For FY 2024, $500,000 will be transferred to this fund to cover
certain technology expenses.

Adopted expenditures for the Strategic Initiative Fund for FY 2024 total $555,996. Transfers to other
funds total $9,000,000. This leaves $2,318,201 of the available funds unallocated. Figure 12 shows SIF
expenses by category for FY 2024.

42 FY 2024 City of Southlake | Budget Book