Page 44 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

and the Storm Water Utility District Fund, which are providing funding in FY 2027 for new one-time
projects or needs. The Crime Control and Prevention District’s increase is related to technology software
upgrades. Excluding these funds, operating expenditures in the General Fund and Utility Fund increase
$1,140,799 and $1,464,418 respectively, reflecting personnel and contractual cost growth. The Fund
Highlights provided later in this Budget Overview provide greater detail about budgeted expenditures
and changes from the prior year.

ALL FUNDS EXPENDITURE SUMMARY
This table compares budgeted expenditures by fund for FY 2027 against the FY 2026 adopted budget.

FY 2026 Adopted FY 2027 Adopted %
Budget Overview
Fund $ Change
Expenditures Expenditures Change
General Fund 56,413,838 57,554,637 1,140,799 2.0%
Utility Fund 31,792,663 33,257,081 1,464,418 4.6%

Debt Service 7,616,297 7,271,123 (345,174) (4.5%)
SPDC Operating Fund 3,571,247 3,081,231 (490,016) (13.7%)

CEDC Operating Fund 6,454,108 6,453,459 (649) (0.0%)

CCPD Fund 2,699,896 3,054,004 354,108 13.1%

TIF Operating Fund 10,401,059 9,007,678 (1,393,381) (13.4%)

Strategic Initiative Fund 1,616,834 525,000 (1,091,834) (67.5%)
Hotel Occupancy Tax Fund 1,451,896 1,555,055 103,159 7.1%

Technology Infrastructure & 657,000 1,411,005 754,005 114.8%
Security Fund

Storm Water Utility District Fund 628,087 789,727 161,640 25.7%
Facility Maintenance Fund 1,162,747 771,211 (391,536) (33.7%)

Vehicle Replacement Fund 6,058,612 2,772,000 (3,286,612) (54.2%)
Other Funds 7,158,548 6,146,832 (1,011,716) (14.1%)

Total Operating Expenditures $137,682,832 $133,650,043 ($4,032,789) (2.9%)

DEBT PROFILE

The City takes its debt obligation very seriously. Several years ago, the City Council working with City
staff set goals to reduce the debt as percentage of assessed valuation over the total long term debt. As
you can see in Figure 13, we have reduced the percentage from 2.79% in 2004 to 0.29% in 2027, during
a time of growth for the city. The line that you see on this chart is a graphic illustration of one of the
reasons why three bond agencies have rated Southlake AAA. It should be noted that although the total
debt issued has fluctuated based on the timing of important projects, the City has generally reduced its
property tax supported obligations since 2004. The City of Southlake is fortunate to have a AAA credit

44 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 45