Page 63 - CityofSouthlakeFY26AdoptedBudget

Strategic Initiative Fund Strategic Initiative Fund
Expenditure Highlights
At the end of each fiscal year, General Fund
excess revenue (including indirect transfers from Infrastructure Maintenance
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other funds) and unspent appropriation become a Item Expenditure
part of the City’s fund balance, or reserves. When
reserves exceed the optimum level, the excess is Transfer to Budget Overview
transferred to the Strategic Initiative Fund (SIF), Facility Maintenance $2,000,000
Fund
providing cash funding for needed projects
without requiring the City to borrow money for Community Enhancements
them.
Southlake
Comprehensive Plan $100,000
Implemented in 2006, the SIF has been used for Updates
non-recurring expenses and high impact projects.
Figure 20 shows the uses of the SIF since its Records Management $116,491
inception. System Enhancements
The beginning SIF fund balance is $4,760,335. A Capital Acquisition
transfer from the General Fund of $4,000,000 is
budgeted. CIP Transfer $1,500,000
Fire Department
Expenditures are planning for the following EMS Equipment
projects in each of the categories: Replacement -
LIFEPAK Monitors (35) $803,500
Power-PRO Stretcher
Infrastructure Maintenance Funding. A transfer LUCAS CPR Device
of $2,000,000 from the SIF to the Facility Stair-PRO Stair Chair
Maintenance Fund is planned. The purpose of this
fund is to build financial capacity to address future Technology
maintenance projects as our facilities age. Transfer to Technology
Infrastructure & $1,000,000
Security Fund
Community Enhancement Funding. This category
of funding is set aside to provide pay-as-you-go Fire Department $596,843
Station Alerting
funding for initiatives which will enhance the quality System
of life or aesthetics of Southlake. Additionally, this
category of funding may be used to enhance the
City’s ability to provide more convenient customer service experiences for our customers. This year’s
budget includes expenditures of $216,491 in this category.

Capital Acquisition Funding. The SIF is often used to provide cash funding for capital equipment or
projects. For this fiscal year, $1,500,000 will be transferred from the SIF to the Capital Improvements
Program for the purpose of building infrastructure and planned facilities. This year’s budget includes
additional expenditures of $803,500 in this category, to address equipment replacement needs for Fire
Department operations.

Technology. To support the concept of high-performance management and strong service delivery, the
Council has identified strategic corporate objectives that emphasize future-readiness and strong risk
FY 2026 City of Southlake | Budget Book 63