Page 21 - CityofSouthlakeFY27Budget
P. 21
TABLE OF CONTENTS
Figure 2
Southlake Reserve Fund Balances
Budget Overview
Southlake
Reserve Funds
General Total
Fund Reserves
$14.8M $179.2M
Special
Purpose Restricted
Reserves Reserves
$54.1M $110.2M
General Fund Special Purpose Reserves
Per the Fund Balance Policy, The City has several funds
the undesignated fund where the use of each fund’s
balance in the General Fund Restricted Reserves reserves was specified when
should range between 15% and The use of reserves in the fund was created. While
25% of operating expenses. restricted funds is dictated not restricted by Statute, the
For FY 2027, $14.8 million will by Statute, unlike the use is designated in accordance
remain in the General Fund, General Fund reserves with the purpose of the fund
providing 25.78% of operating whose use is not restricted. and is not as flexible as the
expenses for unanticipated These include: Utility, General Fund. These include:
or emergency needs. Use of Debt Service, TIF, CCPD, Reforestation, Park Dedication,
these funds is unrestricted. Storm Water, Commercial Parks and Recreation, Library,
Vehicle Enforcement, Hotel Vehicle Replacement, Strategic
Occupancy Tax, Court Initiative, Facility Maintenance,
Security/Technology, Red Economic Investment, Public
Light Camera, Recycling, Equipment Replacement,
CEDC, and SPDC funds. Public Art, and Technology
Infrastructure and Security
funds.
FY 2027 City of Southlake | Budget Book 21
