Page 243 - CityofSouthlakeFY25AdoptedBudget

Technology Infrastructure & Security Fund

The Technology Infrastructure and Security Fund was created in FY 2017 to
build capacity for current and future technology needs. Expenditures in this

DID YOU fund are used to maintain, enhance and replace technology infrastructure
KNOW? and enterprise software to ensure the City receives the most reliable and
DID YOU
KNOW? best value with technology investments. In order to keep up with the
increasing number and complexity of security threats, this fund also supports
GENERAL FUND
Technology Infrastructure and Security Fund
technology security projects and programs.
2025 Proposed and 2024 Revised Budget

$ Increase/ $ Increase/
2023 2024 2024 (Decrease) % Increase/ 2025 (Decrease) % Increase/ Tech Infrastructure & Security Fund
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Miscellaneous 530,303 500,000 500,000 0 0.0% 500,000 0 0.0%
Interest 366,432 195,000 285,000 90,000 46.2% 285,000 90,000 46.2%
Total Revenues $896,735 $695,000 $785,000 $90,000 0.0% $785,000 $90,000 12.9%

EXPENDITURES
Customer Enhancements 27,864 0 0 0 0.0% 364,303 364,303 3643029900.0%
Information Security 0 150,000 150,000 0 0.0% 145,000 (5,000) -3.3%
Business Continuity 1,175,314 654,812 654,812 0 0.0% 677,670 22,858 3.5%
Security Equipment and Infrastructure799,441 150,000 150,000 0 0.0% 150,000 0 0.0%
Technology Infrastructure 414,039 1,063,291 1,063,291 0 0.0% 484,415 (578,876) -54.4%
Total Expenditures $2,416,658 $2,018,103 $2,018,103 $0 0.0% 1,821,388 ($196,715) -9.7%

Net Revenues ($1,519,923) ($1,323,103) ($1,233,103) $90,000 ($1,036,388) $286,715

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

Beginning Fund Balance $7,607,924 $7,088,001 $7,088,001 $7,354,898
Ending Fund Balance $7,088,001 $6,264,898 $7,354,898 $7,318,510

FY 2025 Highlights

- The Technology Infrastructure & Security 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. In order to keep up with the increasing number and complexity of
security threats, this fund also supports technology security projects and programs.

- $1,000,000 will be transferred from the Strategic Initiative Fund to maintain adequate funding.

- Total budgeted expenditures for this fund are $1,821,388 which includes items to ensure information
security, business continuity and maintain security and equipment infrastructure.

- The ending fund balance is projected at $7,318,510.

FY 2025 City of Southlake | Budget Book 243