Page 175 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

percentile of the market for general government employees and the 85th percentile for sworn public
safety personnel, supporting its employer-of-choice goals and reinforcing the City’s ability to attract
and retain top talent.

Forecasting. The multi-year expenditure forecast for FY 2027 through FY 2031 includes these major
assumptions:
• Inflationary growth in the cost of goods and services.
• Continued application of the compensation philosophy to maintain competitiveness.
• Planned capital outlay to support ongoing infrastructure maintenance and replacement.

Through these strategies, the City works to ensure that expenditures grow in line with available revenues Multi-year Operating Plan
while maintaining high service standards for the Southlake community. For the period of FY 2027 to FY
2031, major expenditure growth rates were forecasted as follows:

Five Year Financial Forecast Expenditure Assumptions
FY 2027 - FY 2031

FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
Assumption
Budget Forecast Forecast Forecast Forecast

CPI / Inflation 2.5% 3.0% 3.0% 3.0% 3.0%

Compensation
System - Sworn 3% 4.0% 4.0% 4.0% 4.0%
Public Safety
Compensation
System - 3% 4.0% 4.0% 4.0% 4.0%
General
Government

Benefits 5.0% 8% 8% 8% 8%

*FY 2027 budget growth (General Fund) of 2% achieved through base budget reallocations, including staffing adjustments.

CAPITAL PROJECTS & INFRASTRUCTURE INVESTMENTS

Each year, the City of Southlake develops and funds a multi-year Capital Improvement Program (CIP) to
guide investments in major public facilities and infrastructure. The CIP is more than a project list—it is a
strategic planning and financial management tool that ensures capital improvements are delivered in a
timely, cost-effective manner and aligned with the City’s long-term vision.

FY 2027 City of Southlake | Budget Book 175