Page 70 - CityofSouthlakeFY25AdoptedBudget

Library Donations.
This fund accounts for library donations collected. Use of these funds is restricted for library purposes.

Park Dedication.
This fund accounts for dedication fees on new development. Use of park dedication fees is restricted to park
improvements and primarily used for capital expenses.

Parks and Recreation Fund.
This fund accounts for resources restricted for event and other sponsorship funds collected through the
City’s sponsorship program.

Police Services Fund.
The Police Services Fund was formed to account for the revenues and expenses allowed under Chapter 59
Budget Basics
of the Code of Criminal Procedure, in addition to other special revenues associated with policing. Expenses
from this fund may be used for officer training, specialized investigative equipment and supplies, and items
used by officers in direct law enforcement duties.

Public Art.
The Public Art Fund was established to account for funding that is available for public art promotion, creation,
and/or installation throughout the City of Southlake.

Recycling.
This fund accounts for an annual payment to the City made by the City’s solid waste services provider, per
the terms of the service contract.

Red Light Camera.
This fund accounts for funds collected from violations issued from the City’s red light enforcement camera
system. Funds collected by the City of Southlake as a result of violations/citations issued, must be used for
traffic safety programs, per State law. Governor Greg Abbott signed a bill into law banning the use of red
light cameras on June 1, 2019. Under the new law, the City’s red light camera program immediately ceased
operation.

Reforestation.
This fund accounts for monies derived from assessments related to the tree preservation ordinance and
policies.

Southlake Parks Development Corporation (SPDC)
The Southlake Parks Development Corporation was formed when Southlake voters approved the special levy
of a half-cent sales tax in the mid-1990s. The half-cent, which generates about $8 million per year, is dedicated
toward the acquisition and development of Southlake’s park land. The specific projects are identified in the
City’s Capital Improvements Program. State law permits these funds to be used for operational costs, as well
as capital costs.

Storm Water Utility.
This fund accumulates dollars collected by the storm water utility fee paid monthly by the owners of all
of Southlake’s developed properties. These fees provide a funding source for maintenance, repair, and
construction of storm water facilities, and can only be spent for these purposes. The monthly storm water
fee is the same for all residential dwelling units. Residential properties are charged $8 per month for each
dwelling unit that is on the property. Fees for non-residential properties are calculated individually in

70 FY 2025 City of Southlake | Budget Book