Page 295 - CityofSouthlakeFY26AdoptedBudget

Economic Development Investment Fund

The Southlake Economic Development Strategic Plan includes the
following as recommendation ED15: “Maintain ongoing, dedicated
DID YOU funding to achieve economic development goals by continuing
KNOW? investment in the Economic Development Investment Fund.” This fund
GENERAL FUND
was created in 2013 for that purpose.
Economic Investment 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 Economic Development Investment Fund
Interest 166,311 120,000 120,000 0 0.0% 120,000 0 0.0%
Total Revenues $166,311 $120,000 $120,000 $0 0.0% $120,000 $0 0.0%

EXPENDITURES
Operations $0 $0 $0 $0 0.0% $0 0 0.0%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $0 $0 0.0%

Net Revenues $166,311 $120,000 $120,000 $0 $120,000 $0

Transfer from other funds $150,000 $150,000 $150,000 $150,000
Transfer to other funds ($0) ($0) ($0) ($0)
Total Other Sources/(Uses) $150,000 $150,000 $150,000 $150,000
Beginning Fund Balance $3,225,478 $3,541,789 $3,541,789 $3,811,789
Ending Fund Balance $3,541,789 $3,811,789 $3,811,789 $4,081,789

FY 2026 Highlights

- The City’s Southlake Economic Development Comprehensive Plan included a recommendation to
continue building an economic development investment fund. We will continue to implement this
recommendation for FY 2026.

- $150,000 will be transferred to this fund, as we work to build a balance for future use.

- No expenditures from this fund are budgeted for FY 2026.

- The ending fund balance will be $4,081,789.

FY 2026 City of Southlake | Budget Book 295