Page 64 - CityofSouthlakeFY26AdoptedBudget

Figure 20 Figure 21
Strategic Initiative Fund Strategic Initiative Fund
expenses By Category, Since expenses By Category, FY

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Budget Overview
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management. The Strategic Initiative Fund has traditionally covered the cost of high impact technology
solutions for the City.

Council established a Technology Infrastructure and Security Fund to ensure sustainable funding that
recognizes ongoing technological change and advancement. For this fiscal year, $1,000,000 will be
transferred to this fund to cover certain technology expenses. Additionally, funds have been budgeted
in this category to replace technology within the City’s fire stations that provides station alerts related
to dispatched calls. The adopted upgrade to the system will improve communication reliability between
dispatch and fire stations, enhancing response efficiency and life safety outcomes. This investment
addresses recurring issues with missed or unclear alerts, improves system redundancy, and responds to a
recommendation from the City’s fire accreditation peer review. Features such as continuous monitoring,
automatic tone allocation, and visual alerting enhancements will support faster, more accurate response
times and promote a safer, more resilient work environment for first responders.

Budgeted expenditures for the Strategic Initiative Fund total $1,616,834. Transfers to other funds total
$4,500,000. This leaves $2,753,501 of the available funds unallocated. Figure 21 shows SIF expenses by
category for the fiscal year.

Summary

The City of Southlake has over 50 funds with specific purposes which are defined by federal, state, or
local laws. They include the General Fund which is used for general City operations, the Utility Fund
which is used to support the City’s water, sewer, drainage, and solid waste service, and a multitude
of Special Revenue, Debt Service Funds, and Capital Project Funds. Simply stated, funds are set up
like separate companies which must operate under specific parameters. These fund highlights have
been provided as an overview of each fund. To review further, please see the following sections of this
document.

64 FY 2026 City of Southlake | Budget Book FY 2026 City of Southlake | Budget Book 64