Page 58 - Southlake FY24 Budget

Hotel Occupancy Tax.
The Hotel Occupancy Tax is authorized under the Texas Tax Code, Chapter 351. The City of Southlake
adopted Ordinance No. 769 in February 2000, levying a 7% tax on room receipts. The tax on rooms is
providing the revenues to the City in this category. The first expenditures from this fund were made in
FY 2008. Use of these funds is restricted. Expenses must be authorized uses under the Texas Tax Code,
Chapter 351.

Library Donations.
This fund accounts for library donations collected. Use of these funds is restricted for library purposes.

Park Dedication.
This fund accounts for dedication fees on new development. Use of park dedication fees is restricted to
park improvements and primarily used for capital expenses.
Budget Overview
Parks and Recreation Fund.
This fund accounts for resources restricted for event and other sponsorship funds collected through the
City’s sponsorship program.

Police Services Fund.
The Police Services Fund was formed to account for the revenues and expenses allowed under Chapter
59 of the Code of Criminal Procedure, in addition to other special revenues associated with policing.
Expenses from this fund may be used for officer training, specialized investigative equipment and supplies,
and items used by officers in direct law enforcement duties.

Public Art.
The Public Art Fund was established to account for funding that is available for public art promotion,
creation, and/or installation throughout the City of Southlake.

Recycling.
This fund accounts for an annual payment to the City made by the City’s solid waste services provider, per
the terms of the service contract.

Red Light Camera.
This fund accounts for funds collected from violations issued from the City’s red light enforcement camera
system. Funds collected by the City of Southlake as a result of violations/citations issued, must be used
for traffic safety programs, per State law. Governor Greg Abbott signed a bill into law banning the use of
red light cameras on June 1, 2019. Under the new law, the City’s red light camera program immediately
ceased operation.

Reforestation.
This fund accounts for monies derived from assessments related to the tree preservation ordinance and
policies.

Southlake Parks Development Corporation (SPDC)
The Southlake Parks Development Corporation was formed when Southlake voters approved the special
levy of a half-cent sales tax in the mid-1990s. The half-cent, which generates about $8 million per year,
is dedicated toward the acquisition and development of Southlake’s park land. The specific projects
are identified in the City’s Capital Improvements Program. State law permits these funds to be used for
operational costs, as well as capital costs.

58 FY 2024 City of Southlake | Budget Book