Page 366 - CityofSouthlakeFY26AdoptedBudget
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Budget Glossary
R Rollback Tax Rate: See voter-approval tax rate.
Reappropriation: A legal authorization granted S
by the City Council to reappropriate expenditures
to the current budget year for a specific purpose Salaries and Wages: Amounts paid for services
or program that was budgeted but unexpended rendered by employees in accordance with rates,
at the end of the prior year. hours, terms and conditions authorized by law or
Appendix
stated in employment contracts. This category
Recycling Fund: This fund accounts for the also includes overtime and seasonal help.
revenues and expenditures surrounding the City’s
contract with its solid waste provider which Special Assessment Debt: Principal and interest
requires them to make a monthly payment into on bonds related to Local Improvement Districts.
the recycling fund. This money is used for several This type of debt is callable when money is
recycling projects and initiatives. available to make payments which occurs when
prepayments are received from property owners.
Red Light Camera Fund: This fund accounts The City budgets as if the entire debt will be
for fines collected from violations issued from paid in the current year, although this is highly
the City’s red light enforcement camera system. unlikely.
Funds collected by the City of Southlake as a
result of violations/citations issued must be used Special Revenue Funds: General government
for traffic safety programs. funds where the source of revenue is dedicated
to a specific purpose.
Reforestation Fund: This fund accounts for
revenues and expenditures dedicated for Southlake Parks Development Corporation
reforestation. These funds are derived from (SPDC): A citizen approved non-profit
assessments related to the tree preservation development corporation established to
ordinance and policies. develop and operate park and recreational
facilities. The SPDC utilizes a half-cent sales tax
Reserve: A segregation of assets to provide for for the purpose of acquiring land and making
future use toward a specified purpose. improvements to parks.
Resources: Total dollars available for Southlake Parks Development Corporation
appropriations including estimated revenues, (SPDC) Debt Service Fund: The Southlake Parks
fund transfers and beginning fund balances. Development Corporation Debt Service Fund
is utilized to account for the accumulation of
Revenue: Income received by the City to support financial resources, primarily transfers from other
programs or services to the community. It funds, for the payment of long-term principle
includes such items as taxes, fees, user charges, and interest costs associated with the financing
grants, fines, forfeits, interest income and of improvements of the Southlake Parks
miscellaneous revenue. Development Corporation.
Revenue Estimate: A formal estimate of how
much revenue will be earned from a specific
source for some future period; typically, a year.
366 FY 2026 City of Southlake | Budget Book
