Page 34 - CityofSouthlakeFY25AdoptedBudget

priorities, was adopted by Council in February 2024 in accordance with the schedule shown in Figure 17. The
plan is scheduled for annual review and adoption in February 2025. Projects included in the implementation
plan will address needs identified in the Southlake Comprehensive Plan.

For FY 2025, cash funding for capital projects is recommended as follows and summarized in Figure 18:

General Fund. The General Fund is used to address capital projects such as streets and road construction
and/or rehabilitation, pathway improvements, improvements to support access as required by the Americans
with Disabilities Act (ADA), and municipal facilities. For FY 2025, a total of $3.5 million is recommended for
cash funding.

Utility Fund. The Utility Fund is used to address capital projects such as water and sewer infrastructure
and city facilities. Projects include water lines, pump station improvements, storage facilities, sewer lines, lift
Budget Overview
station pumps, and facilities needed to support the City’s utility system. For FY 2025, a total of $8 million is
recommended for cash funding.

Southlake Parks Development Corporation. Funded by a voter-approved half-cent sales tax, these dollars
are allocated for the ongoing design and development of the city’s park system, and dollars for matching
donations for park improvements. For FY 2025, a total of $6.0 million is recommended for cash funding.

Storm Water Utility Fund. Fees collected from residential and commercial property owners provide dollars
to improve storm water management in the city. For FY 2025, $400,000 will be allocated for cash funding
for storm water projects.

Public Art Fund. Hotel Occupancy Tax (HOT) funds provide the resources for public art initiatives. For FY
2025, $400,000 is planned for public art capital projects.

Figure 16

CIP Guiding Principles

34 FY 2025 City of Southlake | Budget Book