Page 54 - CityofSouthlakeFY26AdoptedBudget

Fund balance. The ending fund balance for the CCPD Operating Fund is projected at $5,421,251, a 1.2%
increase compared to the prior adopted budget. The budget was approved by the District Board of
Directors at their July 29, 2025, meeting.

Community Enhancement and Development
Corporation

In May 2015, Southlake voters overwhelmingly approved the reallocation of a portion of the CCPD half-
cent sales tax for the purpose of constructing and operating a recreation center through the Community
Enhancement and Development Corporation (CEDC). The CCPD half-cent sales tax was reduced to
a one-eighth cent tax and the remaining three-eighths was reallocated to address recreational and
Budget Overview
economic development needs for the city, as permitted by State law, through the CEDC.

The corporation funding is used to supplement the operating expenses for The Marq Southlake not
recovered with facility and program fees. The funds also pay debt service on bonds used to construct
the facility. A portion of the funds is also used for economic development initiatives.

Sales tax collections for the district began in October 2015. A seven-member board of directors works
with the City Council to oversee the budget.
CEDC Fund
The CEDC operating fund highlights are shown as Expenditure Highlights
follows:
Personnel
Revenue highlights. $13,535,107 in total revenue Item Expenditure
is anticipated for the CEDC operating fund. This All Employees -
represents a projected increase of 1.5% for the Pay Adjustment - Merit 2% - 4%
CEDC operating budget. Performance-Based
Adjustment
Health Insurance 5% rate increase
Expenditure highlights. Total operating expenses
for the CEDC are estimated at $6,454,108. Most Operations
expenses are recurring related to personnel and Business Recruitment
operational costs. New expenses are shown in the Marketing $75,000
expenditure highlights table.
Network Replacement - $205,500
The Marq.
Personnel: The CEDC budget includes resources
needed to manage and operate both Legends Hall
and Champions Club at The Marq. This fund will CEDC Replacement Fund
cover its portion of employee pay adjustments Expenditure Highlights
and the increases in benefit costs as described
previously. Total personnel costs included in this Capital
budget are $3,732,340 with no planned changes
to staffing headcount. Capital Replacement per $1,279,995
Schedule

Operations: Operating expenses for The Marq and The Marq Audio / Visual $458,800
economic development initiatives total $6,454,108. System Upgrades

54 FY 2026 City of Southlake | Budget Book FY 2026 City of Southlake | Budget Book 55