Page 283 - CityofSouthlakeFY26AdoptedBudget

Summary

The SIF is an innovative budgeting technique that provides funding for one-time, high impact projects.
Since the City began using the concept in 2006, about 63% of the funds have been directed to the CIP
for cash funding of infrastructure needs. The fund has also been used for equipment purchases and to
build a facility maintenance reserve fund, among other things.

Strategic Initiative Fund Strategic Initiative Fund

The City of Southlake’s Fund Balance Policy states, “The City of
Southlake’s goal shall be to maintain a fund balance in the General
DID YOU Fund equal to a minimum of 15% of General Fund budgeted operating
KNOW? expenditures, with the optimum goal of 25%.” Since 2006, any dollars
DID YOU
KNOW? beyond the optimal goal of 25% have been transferred to the Strategic
Initiative Fund with uses limited to one-time, non-recurring expenses.
GENERAL FUND
Strategic Initiative Fund
2026 Proposed and 2025 Revised Budget

$ Increase/ $ Increase/
2024 2025 2025 (Decrease) % Increase/ 2026 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Interest 241,379 198,000 155,000 (43,000) -21.7% 110,000 (88,000) -44.4%
Total Revenues $241,379 $198,000 $155,000 ($43,000) 0.0% $110,000 ($88,000) -44.4%
EXPENDITURES
Infrastructure Maintenance $0 $0 $0 $0 0.0% $0 0 0.0%
Community Enhancement 104,199 202,000 202,000 0 0.0% 216,491 14,491 7.2%
Technology Infrastructure 0 0 0 0 0.0% 596,843 596,843 5968429900.0%
Capital Acquisition 325,874 60,928 60,928 0 0.0% 803,500 742,572 1218.8%
Total Expenditures $430,073 $262,928 $262,928 $0 0.0% $1,616,834 $1,353,906 514.9%

Net Revenues ($188,694) ($64,928) ($107,928) ($43,000) ($1,506,834) ($1,441,906)

Transfer from other funds $7,800,000 $3,600,000 $5,600,000 $4,000,000
Transfer to other funds (10,700,000) (6,000,000) (6,000,000) (4,500,000)
Total Other Sources/(Uses) ($2,900,000) ($2,400,000) ($400,000) ($500,000)
Beginning Fund Balance $8,356,957 $5,268,263 $5,268,263 $4,760,335
Ending Fund Balance $5,268,263 $2,803,335 $4,760,335 $2,753,501

FY 2026 City of Southlake | Budget Book 283