Page 56 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

DEBT SERVICE FUND Utility Fund

For this budget, revenues are estimated at Expenditure Highlights
$6,370,126, with $6,305,126 coming from ad Personnel
valorem taxes, and $65,000 from interest income.
Transfers into the fund are budgeted at $504,832 Item Expenditure
to pay the debt service for the bonds issued for
storm water improvements. Total expenditures
Pay Adjustment
are adopted at $7,271,123 for annual principal and (COLA, includes Market) All Employees -
3%
interest payments, as well as related administrative
costs.
Budget Overview
Health Insurance 4% rate increase
The Debt Service Fund is projected to end the
fiscal year with reserves of $644,654, a 47.8% Operations
decrease from the prior year adopted budget. The
Municipal Service
fund balance allows us to meet our debt service Center New Operating $86,475
fund balance policy which states that the City of Expenses
Southlake “…shall also maintain Reserve Funds for
all statutorily required reserve funds to guarantee EPA Lead & Copper Rule
debt service.” Revision Compliance: $58,736
Phase 5

UTILITY FUND
Spectrum Circuit
for Pump Station 1 $14,200
The Utility Fund is used to account for the Redundancy
acquisition, operation, and maintenance of
Southlake’s municipal water and sewer utility,
supported primarily by user charges to utility VPN Routers Pump $6,308
customers. The fund accounts for operational Station 1 & 2
costs as well as debt service for utility system
improvement bonds. The intent of this fund is for Wifi Access Points $2,339
Replacement
the direct beneficiaries to pay for all costs of the
fund, including debt service, through fees levied
for the services provided. Revenue and expenses Tyler/Beacon Integration $3,600
related to garbage service are also accounted for
in the Utility Fund. Capital Project
Management and Cost $20,900
Estimation Software
Revenue highlights. Utility Fund revenues are Support
projected at $42,422,865 for an increase of
$592,565. This is a 1.4% increase when compared
with the prior year adopted budget. Revenue is
adjusted to align with anticipated consumption
demands and accounts for a solid waste pass
through residential rate increase of 2.7%, a Trinity
River Authority (TRA) blended pass through
rate increase of 5% (wastewater), and a 15% pass

56 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 57