Page 69 - Southlake FY24 Budget

FY 2024 Adopted General Fund Budget

General Fund Revenues General Fund Expenses
General Fund revenues are largely made up of ad General Fund expenses support basic city services,
valorem taxes and general fund sales tax. In FY with the largest portion going toward Public
2024, the General Fund anticipates revenues of Safety. The FY 2024 General Fund budget by
$55,826,936. service area is shown in the chart below. The FY Budget Overview
2024 Adopted General Fund budget is $52,625,123.
Figure 11
PERMITS / FEES MISCELLANEOUS
CHARGES FOR SERVICES
2.8% 2.7% 0.6% INTEREST INCOME Figure 12
FINES 1.1%
1.3% ECONOMIC
FRANCHISE TAXES DEVELOPMENT
5.3%
0.8% COMMUNITY GENERAL
SERVICES
PLANNING & 14.6% GOVERNMENT
DEVELOPMENT 18.6%
SERVICES
5.1%
FINANCE
6.2%
PUBLIC WORKS
AD VALOREM TAX
50.4% 11.2%
GENERAL FUND SALES TAX
35.7%

PUBLIC SAFETY
43.5%

FY 2024 Funding Priorities (All Funds)

$436K for Pickleball $120K for Comprehensive $761K for Facility Maintenance
Operations Plan Updates This funding includes $174K for
This budget includes funding This funding allows the City Town Hall HVAC upgrades and
to add personnel, equipment, to update elements in the $215k for DPS Headquarters
and supplies needed to operate Southlake Comprehensive Plan. flooring replacement.
the new pickleball facility.

$93K for School Safety $31.3M for Public Utilities No Service Reductions
Enhancements Operations and Maintenance This budget proposes no
This budget includes funding Funding is included for personnel reduction to services.
to add one less than full-time and operations for the utility
School Resource Officer (SRO), system. In addition $405k is
which will be funded through included for the lead and copper
sales tax using the Crime revisions compliance program and
Control Prevention District $47k for a new residual control
fund. system for Pump Station 1.
FY 2024 City of Southlake | Budget Book 69