Page 70 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

Strategic Initiative Fund
Red Light Camera Fund. In August 2008, the City Expenditure Highlights
of Southlake initiated a red-light enforcement
Infrastructure Maintenance
camera system. Subsequently, Texas lawmakers
passed a bill to prohibit the use of the cameras. Item Expenditure
The City immediately ceased operations of the Transfer to
program. The budget accounting for the revenue Facility Maintenance $2,000,000
generated from the fines previously levied has a Fund
beginning fund balance of $34,796. With interest
Community Enhancement
earnings of $1,500 projected, the fund will still
be able to support traffic safety programs in Item Expenditure
Budget Overview
this fiscal year. Expenditures for traffic safety Citywide Rain-on-
operations have been budgeted at $26,892 to Mesh Hydraulic Model $425,000
Update
renew the five-year cellular service contract that
provides connectivity to the City’s school zone Capital Acquisition
flashing beacon communication modems. Ending Liquid Brine Sprayers,
fund balance is projected at $9,404. Mixer and Storage Tank $100,000
Transfer to Establish
Reforestation. The budget includes this fund to
Public Safety $2,000,000
account for revenues and expenditures dedicated
Equipment Fund
for reforestation. These funds are derived from
assessments related to the tree preservation CIP Cash Funding
ordinance. The budget reflects permits/fees of Transfer $2,500,000
$20,000. For FY 2027, $35,000 has been budgeted
for tree planting projects throughout town. The Technology
ending fund balance is projected at $211,406. Transfer to Technology
Infrastructure & $1,000,000
Storm Water Utility Fund. On October 17, 2006, Security Fund
the City Council established a Storm Water Utility
System Fund. This utility requires a monthly fee
for all of Southlake’s developed properties. These fees provide a funding source for maintenance, repair,
and construction of public storm water facilities, and can only be spent for these purposes.

Total revenues for this fund are projected at $2,477,370, a 48.2% increase when compared to the prior
year adopted budget, reflecting the restructured storm water utility fee. Planned expenditures total
$789,727, including $267,444 in personnel expenses and $522,283 in operational costs.

Transfers out of the fund totaling $1,353,927 are planned, and the ending fund balance is projected at
$2,782,854.

STRATEGIC INITIATIVE FUND

At the end of each fiscal year, General Fund excess revenue (including indirect transfers from other
funds) and unspent appropriation become a part of the City’s fund balance, or reserves. When reserves
exceed the optimum level, the excess is transferred to the Strategic Initiative Fund (SIF), providing cash

70 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 71