Page 44 - Southlake FY24 Budget

For FY 2024, cash funding for capital projects is recommended as follows:

General Fund. The General Fund is used to address capital projects such as streets and road construction
and/or rehabilitation, pathway improvements, improvements to support access as required by the
Amercians with Disabilities Act (ADA), and municipal facilities. For FY 2024, a total of $8 million is
recommended for cash funding.

Utility Fund. The Utility Fund is used to address capital projects such as water and sewer infrastructure
and city facilities. Projects include water lines, pump station improvements, storage facilities, sewer lines,
lift station pumps, and facilities needed to support the City’s utility system. For FY 2024, a total of $8
million is recommended for cash funding.

Southlake Parks Development Corporation (SPDC). Funded by a voter-approved half-cent sales tax,
Transmittal Letter
these dollars are allocated for the ongoing design and development of the city’s park system, and dollars
for matching donations for park improvements. For FY 2024, a total of $5.5 million is recommended for
cash funding.

Storm Water Utility Fund. Fees collected from residential and commercial property owners provide dollars
to improve storm water management in the city. For FY 2024, funds will be allocated from this fund in an
amount not to exceed $650,000 for this purpose.

Crime Control and Prevention District. A portion of the taxes collected from this voter-approved District
are used to fund capital projects. For FY 2024, these dollars will be allocated in an amount not to exceed
$334,500.

Community Enhancement and Development Corporation (CEDC). Another voter-approved District, the
CEDC budget includes funds for capital projects. For FY 2024, a total of $241,000 is recommended for
cash funding.

Public Art Fund. Hotel Occupancy Tax (HOT) funds provide the resources for public art initiatives. For FY
2024, $400,000 is planned for public art capital projects.

Hotel Occupancy Tax Fund. HOT funds can also be used for projects designed to bring visitors to the city.
For FY 2024, a total of $200,000 is recommended for cash funding.

Cash allocated as part of the Capital Improvements Program totals $23.3 million across all funds and
will advance city master plan goals. City staff will present a CIP implementation plan to City Council in
February, outlining specific project priorities and including:

- Detailed funding schedules identifying cash and debt funding by funding source
- Project information sheets that include a description of each project, pertinent project details as well
as funding and expenditure schedules,
- Operating budget impact summary, and
- Multi-year plan

44 FY 2024 City of Southlake | Budget Book