Page 319 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

ECONOMIC DEVELOPMENT
INVESTMENT FUND

GENERAL FUND
Economic Investment 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 Economic Development Investment Fund
Interest 153,868 120,000 120,000 0 0.0% 120,000 0 0.0%
Total Revenues $153,868 $120,000 $120,000 $0 0.0% $120,000 $0 0.0%

EXPENDITURES
Operations $0 $0 $0 $0 0.0% $0 0 0.0%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $0 $0 $0 $0 0.0% $0 $0 0.0%

Net Revenues $153,868 $120,000 $120,000 $0 $120,000 $0

Transfer from other funds $150,000 $150,000 $150,000 $150,000
Transfer to other funds ($0) ($0) ($0) ($0)
Total Other Sources/(Uses) $150,000 $150,000 $150,000 $150,000

Beginning Fund Balance $3,541,789 $3,845,657 $3,845,657 $4,115,657
Ending Fund Balance $3,845,657 $4,115,657 $4,115,657 $4,385,657

FY 2027 HIGHLIGHTS

- The City’s Southlake Economic Development Comprehensive Plan included a recommendation to
continue building an economic development investment fund. We will continue to implement this
recommendation for FY 2027.

- $150,000 will be transferred to this fund, as we work to build a balance for future use.

- No expenditures from this fund are budgeted for FY 2027.

- The ending fund balance will be $4,385,657.

FY 2027 City of Southlake | Budget Book 319