Page 68 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

with legislative requirements.
Special Revenue Funds
Hotel Occupancy Tax. The Hotel Occupancy Tax Expenditure Highlights
is authorized under the Texas Tax Code, Chapter
351. The City of Southlake adopted Ordinance No. Hotel Occupancy Tax Fund
769 in February 2000, levying a 7% tax on room Item Expenditure
receipts. The tax on hotel rooms is providing the Pay Adjustment All Employees -
revenues to the City in this category. Total revenues, (COLA, includes Market) 3%
including interest earnings, are estimated at Health Insurance 4% rate increase
$2,925,000, an increase of 7.3% compared to the
Parking Directional
prior year adopted budget. Signage Replacement $36,000
Budget Overview
Capital Projects Cash
Total planned expenditures for this fund are Funding Transfer $200,000
$1,555,055 and new items are detailed in the
expenditure highlights table on the pages of this Park Dedication Fee Fund
subsection. Transfers to other funds total $755,750, Capital Projects Cash $300,000
including the indirect transfer to the General Fund Funding Transfer
and a transfer to the Public Art Fund. Police Services Fund

Narcotics Officer
The ending fund balance is projected at $6,180,680. $3,500
Training

Library Donations. Staff is anticipating Public Art Fund
approximately $4,500 in donations/interest and
$8,000 in expenditures will be for library special Capital Projects Cash $300,000
Funding Transfer
projects, which are often defined by the donor.
Ending fund balance is projected at $13,214. Police Services Fund

Park Dedication Fees. This special revenue fund Texas Narcotics Officer $3,500
accounts for funds from park dedication fees on Association Conference
new development. Use of park dedication fees
is restricted to park improvements and primarily Red Light Camera Fund
used for capital expenses. A transfer of $300,000 School Zone Flasher
to the CIP is planned. $26,892
Connectivity Contract

Parks and Recreation Fund. This fund accounts Reforestation Fund
for sponsorships obtained to enhance City special
events, programs, athletic fields, and parks for Annual Tree Planting $35,000
which sponsorships are granted.
Storm Water Utility Fund
The budget reflects projected total revenues of
Contract Services
$47,000. Expenses are estimated at $47,000 - Storm Water Plan $185,000
leaving the fund with a projected balance of Implementation
$234,856.
Capital Projects Cash $750,000
Police Services Fund. This fund has been Funding Transfer
established to account for revenue associated
68 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 69