Page 45 - Southlake FY24 Budget
P. 45
The CIP implementation plan will establish a five-year funding schedule for priorities. The first
year of the plan (FY 2024) is the capital budget planned for immediate implementation. Projects
approved for subsequent years (FY 2025 – FY 2028) will be proposed for planning purposes only
Transmittal Letter
and will not have expenditure authority until approved as part of subsequent capital projects.
Figure 14
Summary
The FY 2024 adopted budget has been developed in adherence to the City’s established financial
principles and with the City’s strategic goals in mind. It implements recommendations of the Southlake
Comprehensive Plan. It provides tax relief, as well as high quality service delivery for ongoing programs
and services. It implements initiatives to provide for long-term financial sustainability, including aggressive
debt management. It addresses employee compensation and benefits to ensure that Southlake continues
to be an employer of choice. Multi-year financial planning has guided the development of this budget. The
staff is looking forward to beginning the new fiscal year with its new opportunities.
Respectfully submitted,
Shana K. Yelverton
Shana K. Yelverton
City Manager
FY 2024 City of Southlake | Budget Book 45
