Page 77 - CityofSouthlakeFY26AdoptedBudget

Library Donations. City’s red light camera program immediately
This fund accounts for library donations collected.
Use of these funds is restricted for library purposes.
Park Dedication.
This fund accounts for dedication fees on new
development. Use of park dedication fees is
restricted to park improvements and primarily
used for capital expenses.
Parks and Recreation Fund.
This fund accounts for resources restricted for
event and other sponsorship funds collected
through the City’s sponsorship program.
Police Services Fund.
The Police Services Fund was formed to account
for the revenues and expenses allowed under
Chapter 59 of the Code of Criminal Procedure,
in addition to other special revenues associated
with policing. Expenses from this fund may be
used for officer training, specialized investigative
equipment and supplies, and items used by
officers in direct law enforcement duties.
Public Art.
The Public Art Fund was established to account for
funding that is available for public art promotion,
creation, and/or installation throughout the City
of Southlake.
Recycling.
This fund accounts for an annual payment to
the City made by the City’s solid waste services
provider, per the terms of the service contract.
Red Light Camera.
This fund accounts for monies collected from
violations issued from the City’s red light
enforcement camera system. Funds collected
by the City of Southlake as a result of violations/ Incremental values subsequent to January 1997
citations issued, must be used for traffic safety
programs, per State law. Governor Greg Abbott
signed a bill into law banning the use of red light
cameras on June 1, 2019. Under the new law, the
ceased operation.
Reforestation.
This fund accounts for monies derived from
assessments related to the tree preservation
ordinance and policies. Budget Basics
Southlake Parks Development Corporation
(SPDC).
The Southlake Parks Development Corporation
was formed when Southlake voters approved the
special levy of a half-cent sales tax in the mid-
1990s. The half-cent is dedicated toward the
acquisition and development of Southlake’s park
land. The specific projects are identified in the
City’s Capital Improvements Program. State law
permits these funds to be used for operational
costs, as well as capital costs.
Storm Water Utility.
This fund accumulates dollars collected by the
storm water utility fee paid monthly by the owners
of all of Southlake’s developed properties. These
fees provide a funding source for maintenance,
repair, and construction of storm water facilities,
and can only be spent for these purposes. The
monthly storm water fee is the same for all
residential dwelling units. Residential properties
are charged $8 per month for each dwelling unit
that is on the property. Fees for non-residential
properties are calculated individually in proportion
to each property’s storm water runoff potential.
Tax Increment Finance District.
Tax Increment Reinvestment Zone (TIRZ) Number
One or the Tax Increment Finance (TIF) District was
created in 1997, with an effective beginning date
of January 1, 1998. It was designed to encourage
quality commercial development in the City.
are taxed at the City’s tax rate; however, 100% of
the “captured” ad valorem revenues are utilized
within the zone, rather than being allocated to
the City’s overall budget. Overlapping taxing
FY 2026 City of Southlake | Budget Book 77