Page 49 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

Figure 17

Budget Overview

Figure 18
FY 2027
Fund Description
Cash Funding
The General Fund is used to address capital projects such as streets and road construction
General Fund and/or rehabilitation, pathway improvements, improvements to support access as required $2,500,000
by the Americans with Disabilities Act (ADA), and municipal facilities.
The Utility Fund is used to address capital projects such as water and sewer infrastructure
Utility Fund and city facilities. Projects include water lines, pump station improvements, storage facili- $8,000,000
ties, sewer lines, lift station pumps, and facilities needed to support the City’s utility system.
Southlake Parks Funded by a voter-approved half-cent sales tax, these dollars are allocated for the ongoing
Development design and development of the city’s park system, and dollars for matching donations for $6,000,000
Corporation park improvements.
Community Funded by a voter-approved 3/8 cent sales tax, these dollars are allocated for the debt
Enhancement service related to the construction of Champions Club at the Marq as well as to support $3,000,000
& Development ongoing operations of the facility. Funding can also be used for selected infrastructure
Corporation projects allowable under state law.

Storm Water Utility Fees collected from residential and commercial property owners provide dollars to improve $750,000
Fund storm water management in the city.
Public Art Fund Hotel Occupancy Tax (HOT) funds provide the resources for public art initiatives. $300,000

Hotel Occupancy
Tax Fund HOT funds can also be used for projects designed to bring visitors to the city. $200,000

Park Dedication Fee This fund accounts for dedication fees on new development. Use of park dedication fees is $300,000
Fund restricted to park improvements and primarily used for capital expenses.

FY 2027 City of Southlake | Budget Book 49