Page 303 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

SUMMARY

The SIF is an innovative budgeting technique that provides funding for one-time, high impact projects.
Since the City began using the concept in 2006, about 62% of the funds have been directed to the CIP
for cash funding of infrastructure needs. The fund has also been used for equipment purchases and to
build a facility maintenance reserve fund, among other things.

STRATEGIC INITIATIVE FUND Strategic Initiative Fund

GENERAL FUND
Strategic Initiative Fund
2027 Proposed and 2026 Revised Budget

$ Increase/ $ Increase/
2025 2026 2026 (Decrease) % Increase/ 2027 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Interest 118,856 110,000 110,000 0 0.0% 110,000 0 0.0%
Total Revenues $118,856 $110,000 $110,000 $0 0.0% $110,000 $0 0.0%
EXPENDITURES
Infrastructure Maintenance $0 $0 $0 $0 0.0% $0 0 0.0%
Community Enhancement 140,875 216,491 216,491 0 0.0% 425,000 208,509 96.3%
Technology Infrastructure 0 596,843 596,843 0 0.0% 0 (596,843) -100.0%
Capital Acquisition 56,713 803,500 803,500 0 0.0% 100,000 (703,500) -87.6%
Total Expenditures $197,588 $1,616,834 $1,616,834 $0 0.0% $525,000 ($1,091,834) -67.5%

Net Revenues ($78,732) ($1,506,834) ($1,506,834) $0 ($415,000) $1,091,834
Transfer from other funds $5,600,000 $4,000,000 $9,400,000 $4,850,000
Transfer to other funds (6,000,000) (4,500,000) (6,000,000) (7,500,000)
Total Other Sources/(Uses) ($400,000) ($500,000) $3,400,000 ($2,650,000)
Beginning Fund Balance $5,268,263 $4,789,531 $4,789,531 $6,682,697
Ending Fund Balance $4,789,531 $2,782,697 $6,682,697 $3,617,697

FY 2027 City of Southlake | Budget Book 303