Page 10 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

Vehicle Replacement Fund ...................................................................................................................... 325
This section provides a fund summary and detailed spending plan funds which provide the resources
needed to manage the purchase of vehicles for the City’s fleet. The establishment and funding of the
vehicle replacement program was designed to even out expenses for the City’s fleet from year to year
and provide a logical method for purchasing and retiring vehicles.

Debt Service ................................................................................................................................................ 329

This section provides a summary of the annual principal and interest payments for all outstanding
bonded debt and capital leases. Also included are some fast facts about the City’s use of debt and how
that debt is funded both through property tax revenue and through dedicated, self-supporting revenue
Introduction
streams such as sales tax revenues for park development.

Tax Supported vs. Self-Supporting Debt ............................................................................................................................331
Debt Management .........................................................................................................................................................................333
The Relationship Between Property Taxpayers and Debt Repayment .............................................................. 334
General Obligation Debt Overview ...................................................................................................................................... 336
Debt Service Fund ........................................................................................................................................................................ 338
Revenue Bond Overview ........................................................................................................................................................... 339
Southlake Parks Development Corporation ..................................................................................................................... 342
Southlake Parks Development Corporation (SPDC) Debt Service Fund ..........................................................344
Community Enhancement and Development Corporation ......................................................................................346
Community Enhancement and Development Corporation (CEDC) Debt Service Fund ........................... 348

Special Revenue Funds .............................................................................................................................. 349

This section provides a detailed spending plan for funds which account for proceeds of specific revenue
sources that are legally restricted for certain purposes.

Introduction .......................................................................................................................................................................................351
What are special revenue funds? ...........................................................................................................................................352
How are special revenue funds used? ................................................................................................................................. 354
Fund Summaries & FY 2027 Highlights ..............................................................................................................................357
Sales Tax Districts .........................................................................................................................................................................358
Crime Control & Prevention District (CCPD) Fund ....................................................................................................... 359
Southlake Parks Development Corporation (SPDC) Fund ....................................................................................... 362
Community Enhancement and Development Corporation (CEDC) Fund ........................................................ 365
Other Special Revenue Fund Summaries & FY 2027 Highlights ........................................................................... 369
Commercial Vehicle Enforcement Fund ............................................................................................................................ 370
Court Security Fund ......................................................................................................................................................................371
Court Technology Fund ..............................................................................................................................................................372
Hotel Occupancy Tax Fund .......................................................................................................................................................373
Library Donation Fund ................................................................................................................................................................374
Park Dedication Fee Fund .........................................................................................................................................................375
Parks and Recreation Fund .......................................................................................................................................................376
Police Special Revenue Fund ...................................................................................................................................................377

10 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 11