Page 61 - CityofSouthlakeFY26AdoptedBudget

to the CIP is planned.

Parks and Recreation Fund. This fund accounts for sponsorships obtained to enhance City special
events, programs, athletic fields, and parks for which sponsorships are granted.

The budget reflects projected total revenues of $45,000. Expenses are estimated at $44,000 leaving
the fund with a projected balance of $194,086. Budget Overview

Police Services Fund. This fund has been established to account for revenue associated with asset
forfeitures. Interest income of $1,200 is the only anticipated revenue, but a beginning fund balance
of $57,548 is available for use. Total expenditures of $5,980 are planned to address various Police
Department needs. Ending fund balance is projected to be $52,768.

Public Art Fund. The Public Art Fund was established to account for funding that is available for the
promotion, creation, installation, and/or maintenance of public art throughout Southlake. The Hotel
Occupancy Tax financially supports the City’s public art program, and a Public Art Comprehensive Plan
has been adopted to guide program development.

The budget shows $17,000 in interest income. The law providing for the Hotel Occupancy Tax (HOT)
allows up to 15% of the revenues to be used for public art purposes. A transfer of $408,750 from the
HOT Fund is budgeted for this purpose.

Expenditures are estimated at $74,340. The Public Art Fund provides 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 supports public art maintenance.

A transfer of $300,000 to the CIP is planned for
public art projects. The ending fund balance is
estimated at $527,415.

Recycling Fund. The City’s contract for solid
waste services provides for an annual payment
of $6,000 to the City for total projected revenue
of $8,500 including interest. The budget includes
$3,000 for special projects support. The ending
fund balance is projected to be $85,362.

Red Light Camera Fund. In August 2008, the City
of Southlake initiated a red-light enforcement
camera system. Subsequently, Texas lawmakers
passed a bill to prohibit the use of the cameras.
The City immediately ceased operations of the
program. The budget accounting for the revenue
generated from the fines previously levied has a
FY 2026 City of Southlake | Budget Book 61