Page 76 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

(SMS). Several years ago the City adopted the SMS, which drives the way the City conducts its business.
The department directors contribute to the SMS by developing a department business plan and aligning
their yearly budget proposals to that plan.

Multi-year Operating Plan - As the annual budget is developed, the City also prepares a multi-year plan.
This tool is essential for effective financial management and strategic planning. This section describes
the expenditure and revenue assumptions for the multiyear plan and shows a five year forecast.

City Department Overview - This section provides an overview of the various departments and divisions
of the City via department highlights, strategy maps, scorecards and goals. This section is intended to
give the reader an understanding of the core services each department provides as well as performance
Budget Basics
data related to those services.

Fund Summaries - This section provides an analysis of each separate fund including revenues,
expenditures and fund balance. For comparative purposes, the immediately preceding fiscal year’s
audited figures are illustrated, as well as current year budget, revised current year and adopted budget
for the impending fiscal year.

General Fund Expenditures - This section provides the General Fund Summary. The General Fund
is the City’s principal operating fund which is supported by taxes, fees, and other revenues that may
be used for any lawful purpose. This fund accounts for all activity not specifically accounted for in
other funds and includes funding for operations such as police, fire, engineering, planning, finance and
administration.

Strategic Initiative Fund - This section provides information about the Strategic Initiative Fund. This
fund was created in 2006 for the purpose of taking General Fund balance reserves in excess of the City
identified optimal fund balance level and using them for one-time expenditures for high-impact projects
such as infrastructure maintenance, community enhancement, technology and capital acquisition.

Facility Maintenance Fund - This section provides information about the Facility Maintenance Fund.
The purpose of this fund is to build capacity for annual or future maintenance projects as we will have
many needs to address as our facilities age. The Strategic Initiative Fund has provided regular transfers
for this fund, an important element of our budget given the size and complexity of the City’s facility
infrastructure.

Technology Infrastructure & Security Fund - This section provides information about the Technology
Infrastructure & Security Fund. This fund was created in 2017 to build capacity for current and future
technology needs. Expenditures in this fund are used to maintain, enhance and replace technology
infrastructure and enterprise software to ensure the City receives the most reliable and best value with
technology investments.

Public Safety Equipment Replacement Fund - This section provides information about the Public
Safety Equipment Replacement Fund. This fund was created in FY 2027 to build capacity for the ongoing
replacement of mission-essential police and fire equipment, including the protective, communications,
medical, rescue, and operational gear that Police and Fire personnel depend on to deliver emergency
services safely and effectively. Because this equipment is acquired in fleets and reaches end-of-life
76 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 77