Page 353 - CityofSouthlakeFY26AdoptedBudget

Public Art Fund

DID YOU The Public Art Fund was established to account for funding that is available
KNOW? for the promotion, creation, and/or installation of public art throughout the
DID YOU
KNOW? City of Southlake. Public Art
2026 Proposed and 2025 Revised Budget Special Revenue Funds

$ Increase/ $ Increase/
2024 2025 2025 (Decrease) % Increase/ 2026 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Miscellaneous $80 $0 $0 $0 0.0% $0 $0 0.0%
Interest Income $26,033 $19,000 $19,000 $0 0.0% $17,000 ($2,000) -10.5%
Total Revenues $26,113 $19,000 $19,000 $0 $17,000 $0

EXPENDITURES
Operations $59,747 $75,800 $75,800 $0 0.0% $74,340 ($1,460) -1.9%
Capital $0 $0 $0 0 0.0% $0 0 0.0%
Total Expenditures $59,747 $75,800 $75,800 $0 0.0% $74,340 ($1,460) -1.9%

Net Revenues ($33,634) ($56,800) ($56,800) $0 ($57,340) ($540)
Transfers In-Hotel $362,250 370,838 393,750 22,913 408,750 $37,913
Transfers Out - (400,000) (400,000) (400,000) 0 (300,000) $100,000
Total Other Sources (Uses) ($37,750) ($29,163) ($6,250) $0 $108,750

Beginning Fund Balance $610,439 $539,055 $539,055 $476,005
0 0 0 0
Ending Fund Balance $539,055 $453,093 $476,005 $527,415

FY 2026 Highlights

- The budget shows $17,000 in interest income based on a beginning fund balance of $476,005.

- The law providing for the Hotel Occupancy Tax allows up to 15% of the revenues to be used for public art
purposes. Because this source of funding comes in the form of a transfer, it is shown “below the line.” For
FY 2026, this transfer of $408,750 is budgeted.

- Expenditures are estimated at $74,340. The Public Art Fund will provide the source of support for the
City’s ongoing relationship with the APEX Arts League, Arts Council – Northeast, and the Southlake Arts
Council by providing funding for various projects such as public art displays and event support. The budget
also includes a transfer of $300,000 to the CIP for implementation of the Public Art Comprehensive Plan.

- The ending fund balance for the Public Art Fund is estimated at $527,415.

FY 2026 City of Southlake | Budget Book 353