Page 71 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

Figure 20 Figure 21

Strategic Initiative Fund Strategic Initiative Fund
expenses by category, expenses by category,
Since Inception FY 2027
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funding for needed projects without requiring the City to borrow money for them.

Implemented in 2006, the SIF has been used for non-recurring expenses and high impact projects.
Figure 20 shows the uses of the SIF since its inception.

The beginning SIF fund balance is $6,682,697. A transfer from the General Fund of $4,850,000 is
budgeted.

Expenditures are planning for the following projects in each of the categories:

Infrastructure Maintenance Funding. A transfer of $2,000,000 from the SIF to the Facility Maintenance
Fund is planned. The purpose of this fund is to build financial capacity to address future maintenance
projects as our facilities age.

Community Enhancement Funding. This category of funding is set aside to provide pay-as-you-go
funding for initiatives which will enhance the quality of life or aesthetics of Southlake. Additionally, this
category of funding may be used to enhance the City’s ability to provide more convenient customer
service experiences for our customers. This year’s budget includes expenditures of $425,000 in this
category, supporting comprehensive plan implementation including a citywide update of the City’s rain-
on-mesh hydraulic storm water model, which dates to 2019 and will for the first time include the closed
pipe system in the modeling.

Capital Acquisition Funding. The SIF is often used to provide cash funding for capital equipment or
projects. For this fiscal year, $2,500,000 will be transferred from the SIF to the Capital Improvements
Program for the purpose of building infrastructure and planned facilities. This year’s budget includes
FY 2027 City of Southlake | Budget Book 71