Page 59 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

SOUTHLAKE PARKS SPDC Fund

DEVELOPMENT Expenditure Highlights
CORPORATION FUND Personnel

Item Expenditure
The Southlake Parks Development Corporation
(SPDC) is a voter-approved development Pay Adjustment All Employees -
corporation established to develop, operate, and (COLA, includes Market) 3% Budget Overview
maintain park and recreational facilities. The uses Health Insurance 4% rate increase
of this half-cent sales tax are restricted to those
allowed by law and approved by the Board of Operations
Directors and City Council. Old Dragon Stadium
Landscaping $56,818
The SPDC supports the implementation of the Maintenance Addition
City’s Southlake Parks, Recreation, and Open Electricity - Rate
Space Comprehensive Plan. Project priorities are Renewal Increase $68,000
established as a joint effort between the staff,
Park Maintenance
Parks and Recreation Board, Southlake Parks Supplies General Fund $52,869
Development Corporation Board of Directors, and Transfer
City Council.
New Landscaping
Standard Upgrades -
Revenue highlights. The SPDC operating fund is Bob Jones, North Park $362,605
projected to receive $12,840,945 in total revenue, and Bicentennial Parks
with sales tax budgeted at $12,266,300 of that
total, a projected 7.9% increase over the prior year Wifi Access Points $8,608
Replacement
adopted budget. The remainder includes rental
income ($153,824), charges for service ($170,821) Capital Project
and interest ($250,000). Total budgeted revenue Management and Cost $20,900
Estimation Software
represents a projected 6.9% increase over the Support
prior year adopted budget.

Expenditure highlights. Total expenditures for the operating fund are $3,081,231. This is a 13.7%
decrease from the prior year adopted budget, primarily reflecting the removal of one-time capital costs
budgeted in the prior year. The Southlake Parks Development Corporation Board of Directors approved
the operating budget at the August 4, 2026, meeting.

This budget includes $2,414,787 for operations, no budgeted capital expenses, and $666,444 for
personnel. SPDC park maintenance expenditures represent about 50% of the current total park
maintenance costs.

Personnel. SPDC funds two Maintenance Technicians, a Parks Supervisor, and staff to run the pickleball
facility. In addition, a portion of the salary and benefits for the City’s Project Manager is funded by SPDC.
However, FTE count for the pickleball facility reduced by 0.05 for FY 2027. All compensation and benefit
adjustments previously mentioned will be funded by SPDC for these employees.

Operations. Expenses include annual costs associated with maintenance and operations of parks and
park improvements.

Indirect charge/transfers. A transfer of $513,638 to the General Fund is planned for the indirect charge.

FY 2027 City of Southlake | Budget Book 59