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Budget Glossary
Southlake Parks Development Corporation
(SPDC) Operating Fund: The Southlake Parks Tax Increment Reinvestment Zone #1 (TIRZ):
Development Corporation operating fund A citizen approved financing mechanism that
was established to account for the general has allowed for the ongoing development of the
operations of the non-profit corporation Southlake Town Square area. Appendix
established to finance, develop and operate park
and recreational facilities. The SPDC is funded Tax Increment Finance (TIF) Operating Fund:
primarily through the receipt of municipal sales The Tax Increment Finance Operating Fund was
taxes. established to account for the general operations
of the TIF, which was formed to finance and
Storm Water Utility District: The Storm make public improvements. The TIF is funded
Water Utility District is used to account for primarily through the assessment of ad valorem
the acquisition, operation and maintenance taxes.
of Southlake’s municipal storm water utility,
supported primarily by user charges to the Technology Infrastructure and Security Fund:
public. The Technology Infrastructure and Security
Fund was created in FY 2017 to build capacity
Strategic Initiative Fund: Fund created in for current and future technology needs.
2005 for the purpose of taking fund balance Expenditures in this fund are used to maintain,
reserves in excess of the City identified optimal enhance and replace technology infrastructure
fund balance level and using them for one- and enterprise software to ensure the City
time expenditures of high impact projects such receives the most reliable and best value with
as infrastructure maintenance, community technology investments. In order to keep up
enhancement, and capital acquisition. with the increasing number and complexity
of security threats, this fund also supports
Supplemental Request: A budget request that is technology security projects and programs.
not included in the base budget.
Transfers: Internal movements of revenue and
T expenses among funds in the budget to provide
needed sources of funding for expenses incurred
Target-based budget: A budget process on behalf of another fund.
in which departments are provided with a
maximum level for their budget requests. The U
budget office requires separate justification via
a Supplemental Request for adopted spending Utility Fund: The Utility Fund, also known as
levels that exceed the target. the Water and Sewer Enterprise Fund, is used
to account for the acquisition, operation and
Taxes: Compulsory charges levied by a maintenance of Southlake’s municipal water and
government for the purpose of financing services sewer utility, supported primarily by user charges
performed for the common benefit. This term to the public.
does not include specific charges made against
particular persons or property for current or
permanent benefits such as special assessments,
or charges for services rendered only to those
who pay, for example, sewer service charges.
FY 2026 City of Southlake | Budget Book 367
