Page 342 - CityofSouthlakeFY26AdoptedBudget

Community Enhancement and Development
Corporation (CEDC) Fund

The Community Enhancement and Development Corporation was formed
when Southlake voters approved the special levy of a 3/8 cent sales tax in
2015. The funds are dedicated toward the construction of Champions Club at
DID YOU The Marq Southlake, a community events and recreation facility. Funds will
KNOW? also be used to support operational expenses related to The Marq as well as
CEDC - OPERATING FUND
Parks/Recreation
special economic development projects.
2026 Proposed and 2025 Revised Budget

$ Increase/ $ Increase/
2024 2025 2025 (Decrease) % Increase/ 2026 (Decrease) % Increase/
Special Revenue Funds
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Sales Tax $7,897,574 $8,146,612 $8,300,000 $153,388 1.9% $8,424,500 $277,888 3.4%
Charges for Services 4,557,533 4,592,700 4,394,423 (198,277) -4.3% 4,450,607 (142,093) -3.1%
Interest 865,197 600,000 700,000 100,000 16.7% 660,000 60,000 10.0%
Total Revenues $13,320,304 $13,339,312 $13,394,423 $55,111 0.4% $13,535,107 $195,795 1.5%
EXPENDITURES
Personnel $2,998,604 $3,575,322 $3,575,322 $0 0.0% $3,732,340 $157,018 4.4%
Operations $2,276,214 $2,891,268 $2,873,311 (17,957) -0.6% $2,721,768 (169,500) -5.9%
Capital $0 $0 $0 0 0.0% $0 0 0.0%
Total Expenditures $5,274,818 $6,466,590 $6,448,633 ($17,957) -0.3% $6,454,108 ($12,482) -0.2%
Net Revenues $8,045,486 $6,872,722 $6,945,790 $73,068 $7,080,999 $208,277

Transfers Out (523,255) (533,572) (535,777) $2,205 (541,404) 7,832
Transfer out-Replacement Fund (1,125,000) (1,125,000) (1,125,000) $0 (1,125,000) 0
Transfer out-CIP (241,000) 0 0 $0 (325,000) 325,000
Transfer Debt Service (2,450,556) (2,445,031) (2,445,031) $0 (2,444,806) (225)
Total Other Sources (Uses) ($4,339,811) ($4,103,603) ($4,105,808) $2,205 ($4,436,210) $332,607

Beginning Fund Balance $16,465,444 $20,171,119 $20,171,119 $23,011,101
Ending Fund Balance $20,171,119 $22,940,238 $23,011,101 $25,655,890

FY 2026 Highlights

- For FY 2026, $8,424,500 is anticipated in sales tax collections for the District, along with $4,450,607
in charges for services. Staff projects $660,000 in interest income for total revenues of $13,535,107.

- Planned expenditures includes funding for staff needed to operate The Marq Southlake. Personnel
expenses for FY 2026 total $3,732,340.

- FY 2026 operating expenses for The Marq Southlake are $2,721,768, this includes standard expenses
for things like utilities and supplies, as well as economic development business recruitment marketing
and promotions.

- The ending fund balance for the CEDC Operating Fund is projected at $25,655,890.

342 FY 2026 City of Southlake | Budget Book