Page 77 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

in groups, replacement costs would otherwise Figure 1
arrive as periodic spikes rather than a steady
annual expense — this fund levels that cost over FY 2027 Budget Calendar
time and keeps service reliability on track. 2026 Strategic Priorities
February 2026
Workshop
Economic Development and Investment Fund -
The Southlake Economic Development Strategic February 2026 Staff Budget Kick-Off Budget Basics
Plan includes the following as recommendation Departmental Budgets
ED15: “Maintain ongoing, dedicated funding May 2026 Due
to achieve economic development goals City Council Strategic
by continuing investment in the Economic June 2026 Priority Workshop
Development Investment Fund.” This fund was City Council Budget
created in 2013 for that purpose. Preview
August 2026 City Council Work Sessions
Utility Fund - This section provides the Utility City Manager Files Budget
Fund Summary. The Utility Fund is an enterprise
or business fund. This means that the direct City Council Work Session
beneficiaries of the “business” pay for all costs September 1st Reading and Public
Hearing
through fees or rates. Water, sewer service, and 2026
solid waste service revenues generated through City Council 2nd Reading
our rates, as well as the expenses for providing and Public Hearing
these services are accounted for in the Utility October 1, Fiscal Year 2027 Begins
Fund. 2026

Vehicle Replacement Fund - This section provides a fund summary and detailed spending plan for
funds to manage the purchase of vehicles for the City’s fleet. The establishment and funding of the
vehicle replacement program was designed to even out expenses for the City’s fleet from year to year
and provide a logical method for purchasing and retiring vehicles.

Debt Service Funds & Debt Schedules - This section provides a summary of the annual principal and
interest payments for all outstanding bonded debt and capital leases. Also included are some fast
facts about the City’s use of debt and how that debt is funded both through property tax revenue and
through dedicated, self-supporting revenue streams such as sales tax revenues for park development.

Special Revenue Funds - This section provides a detailed spending plan for funds generated from the
proceeds of specific revenue sources that are legally restricted for certain purposes.

Appendix - This section includes a list of acronyms, a budget glossary, Southlake’s financial policies and
frequently asked questions. Also included is a personnel schedule, tax rate allocation information and
the Financial Wellness component of the Southlake 2030 Sustainability Plan.

BUDGET PROCESS

How does the City of Southlake spend taxpayer money? It’s a simple question with a complex answer.
What follows is a high-level explanation of the City of Southlake’s budget process.

FY 2027 City of Southlake | Budget Book 77