Page 307 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

FACILITY MAINTENANCE FUND

GENERAL FUND Facility Maintenance Fund
Facility Maintenance
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 589,162 432,000 450,000 18,000 4.2% 450,000 18,000 4.2%
Total Revenues $589,162 $432,000 $450,000 $18,000 0.0% $450,000 $18,000 4.2%

EXPENDITURES
Operations $565,031 $0 $0 $0 0.0% $0 0 0.0%
Capital 131,977 1,162,747 1,162,747 0 0.0% 771,211 (391,536) -33.7%
Total Expenditures $697,008 $1,162,747 $1,162,747 $0 0.0% $771,211 ($391,536) -33.7%
Net Revenues ($107,846) ($730,747) ($712,747) $18,000 ($321,211) $409,536

Transfer from other funds $1,500,000 $2,000,000 $2,000,000 $2,000,000
Transfer to other funds ($0) ($0) ($0) ($0)
Total Other Sources/(Uses) $1,500,000 $2,000,000 $2,000,000 $2,000,000

Beginning Fund Balance $12,934,256 $14,326,410 $14,326,410 $15,613,663
Ending Fund Balance $14,326,410 $15,595,663 $15,613,663 $17,292,452

FY 2027 HIGHLIGHTS

– We will continue our practice of transferring SIF money into this fund, working to meet the goal
of holding a minimum of 10% of the total value of the City’s physical plant in reserve. In FY 2027,
$2,000,000 will be transferred from the SIF.

– Total budgeted expenditures for this fund are $771,211. Planned FY 2027 expenditures include Town
Hall Exterior Masonry Sealing ($600,000), City Facility Condition Assessment ($100,736), Parking
Garage Structural Inspections & Assessment for Southlake Town Square & DPS Headquarters
($25,800), Town Hall Entry Stairs Cleaning & Sealing ($13,600), Town Hall Elevator Fob Security
Addition ($10,000), DPS HQ Apparatus Bay Door Painting ($7,474).

– The projected ending fund balance is $17,292,452 which provides adequate reserves for the program.

FY 2027 City of Southlake | Budget Book 307