Page 239 - CityofSouthlakeFY25AdoptedBudget

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

DID YOU Initiative Fund (SIF) has provided seed money for this fund, an important
KNOW? element of our budget given the size and complexity of the City’s facility
DID YOU
KNOW? infrastructure. For FY 2025, we will continue our practice of transferring SIF
money into this fund, but we are also budgeting expenses in the operating
GENERAL FUND
budget for facility projects. Facility Maintenance Fund
Facility Maintenance
2025 Proposed and 2024 Revised Budget

$ Increase/ $ Increase/
2023 2024 2024 (Decrease) % Increase/ 2025 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Interest 462,288 270,000 432,000 162,000 60.0% 432,000 162,000 60.0%
Total Revenues $462,288 $270,000 $432,000 $162,000 0.0% $432,000 $162,000 60.0%

EXPENDITURES
Operations $121,116 $0 $0 $0 0.0% $0 0 0.0%
Capital 62,200 761,296 761,296 0 0.0% 799,000 37,704 5.0%
Total Expenditures $183,316 $761,296 $761,296 $0 0.0% $799,000 $37,704 5.0%

Net Revenues $278,972 ($491,296) ($329,296) $162,000 ($367,000) $124,296

Transfer from other funds $1,500,000 $500,000 $1,200,000 $1,500,000
Transfer to other funds ($0) ($0) ($0) ($0)
Total Other Sources/(Uses) $1,500,000 $500,000 $1,200,000 $1,500,000

Beginning Fund Balance $10,064,326 $11,843,298 $11,843,298 $12,714,002
Ending Fund Balance $11,843,298 $11,852,002 $12,714,002 $13,847,002

FY 2025 Highlights

We will continue our practice of transferring SIF money into this fund, working to meet the goal of
holding a minimum of 10% of the total value of the City’s physical plant in reserve and $1,500,000 will be
transferred from the SIF.

- Planned FY 2025 expenditures for this fund include Southlake Town Hall roof recoating ($200,000),
Town Hall 3rd/4th floor HVAC controller upgrade ($174,000), facility security improvements ($170,000),
DPS HQ capstone weatherproofing ($90,000) and concrete driveway/deck caulking ($30,000),
Southlake DPS UPS replacement ($80,000) and Town Hall fire operations radio amplifier ($55,000).

- The projected ending fund balance is $13,847,002 which provides adequate reserves for the program.

FY 2025 City of Southlake | Budget Book 239