Page 55 - Southlake FY24 Budget

The money is recorded in a Capital Project Fund for roadway improvements and can only be spent on
roadway improvements.

Although these examples are for three very specific funds, the same concept of expense restrictions
Budget Overview
applies to all 55 funds. As a result, reporting revenues and expenses for the City of Southlake includes 55
miniature financial statements in addition to a Citywide financial statement. It may appear that money is
available to spend when in fact the majority of the money is restricted by law.

Figure 3
City of Southlake Fund Structure Chart

CITY OF SOUTHLAKE
BUDGETED FUNDS

GOVERNMENTAL FUNDS PROPRIETARY FUNDS

SPECIAL ENTERPRISE
REVENUE GENERAL FUND
FUND
FUNDS
- Commercial Vehicle - Strategic Initiative Fund
Enforcement - Economic Development Investment
- Community Enhancement Fund UTILITY
and Development - Facility Maintenance Fund FUND
Corporation - Technology Infrastructure &
- Community Enhancement Security Fund
and Development
Corporation
- Replacement Fund INTERNAL
- Court Security SERVICE FUND
- Court Technology
- Crime Control & Prevention DEBT SERVICE
District FUNDS - Vehicle Replacement
- Hotel Occupancy Tax Fund
- Library Donations
- Park Dedication Fee - Debt Service
- Parks & Recreation Fund - Southlake Parks Development
- Police Services Fund Corporation Debt Service
- Public Art - Community Enhancement &
- Recycling Development Corporation Debt
- Red Light Camera Service
- Reforestation
- Southlake Parks
Development Corporation
- Storm Water Utility
- Tax Increment Finance

FY 2024 City of Southlake | Budget Book 55