Page 8 - Southlake FY24 Budget

Strategic Direction ....................................................................................................................................129
This section provides information about the City’s Strategic Management System (SMS). Several years
ago the City adopted the SMS which drives the way the City conducts its business. The department
directors contribute to the SMS by developing a corporate business plan and aligning their yearly budget
proposals to that plan.

City Department Overview ......................................................................................................................145
This section provides an overview of the various departments and divisions of the City via department
highlights, strategy maps, performance measures and goals. This section is intended to give the reader
an understanding of the core services each department provides as well as performance data related to
those services.

Table of Contents
Fund Summaries ........................................................................................................................................ 177
This section provides an analysis of each separate fund including revenues, expenditures and fund
balance. For comparative purposes, the immediately preceding fiscal year’s audited figures are illustrated,
as well as current year budget, revised current year and projected budget for the impending fiscal year.

General Fund Expenditures ..................................................................................................................... 205
This section provides the General Fund Summary. The General Fund is the City’s principal operating fund
which is supported by taxes, fees, and other revenues that may be used for any lawful purpose. This fund
accounts for all activity not specifically accounted for in other funds and includes such operations as
police, fire, engineering, planning, finance and administration.

Strategic Initiative Fund ............................................................................................................................ 215
This section provides information about the Strategic Initiative Fund. This fund was created in 2005 for
the purpose of taking fund balance reserves in excess of the City identified optimal fund balance level
and using them for one-time expenditures for high-impact projects such as infrastructure maintenance,
community enhancement, technology and capital acquisition.

Facility Maintenance Fund ....................................................................................................................... 221
This section provides information about the Facility Maintenance Fund. The purpose of this fund is to
build capacity for future maintenance projects as we will have many needs to address as our facilities age.
The Strategic Initiative Fund has provided seed money for this fund, an important element of our budget
given the size and complexity of the City’s facility infrastructure.

Technology Infrastructure and Security Fund ....................................................................................... 225
This section provides information about the Technology Infrastructure & Security Fund. This fund was
created in FY 2017 to build capacity for current and future technology needs. Expenditures in this fund
are used to maintain, enhance and replace technology infrastructure and enterprise software to ensure
the City receives the most reliable and best value with technology investments.

Economic Development Investment Fund ............................................................................................. 229
The Southlake Economic Development Plan includes the following as recommendation ED15: “Maintain
ongoing, dedicated funding to achieve economic development goals by continuing investment in the
Economic Development Investment Fund.” This fund was created in 2013 for that purpose.

8 FY 2024 City of Southlake | Budget Book