Page 84 - CityofSouthlakeFY27Budget
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TABLE OF CONTENTS
Use of these funds is restricted for library purposes. Recycling.
This fund accounts for an annual payment to
Park Dedication. the City made by the City’s solid waste services
This fund accounts for dedication fees on new provider, per the terms of the service contract.
development. Use of park dedication fees is
restricted to park improvements and primarily Red Light Camera.
used for capital expenses. This fund accounts for monies collected from
violations issued from the City’s red light
Parks and Recreation Fund. enforcement camera system. Funds collected
This fund accounts for resources restricted for by the City of Southlake as a result of violations/
event and other sponsorship funds collected citations issued, must be used for traffic safety
Budget Basics
through the City’s sponsorship program. programs, per State law. Governor Greg Abbott
signed a bill into law banning the use of red light
Police Services Fund. cameras on June 1, 2019. Under the new law, the
The Police Services Fund was formed to account City’s red light camera program immediately
for the revenues and expenses allowed under ceased operation.
Chapter 59 of the Code of Criminal Procedure,
in addition to other special revenues associated Reforestation.
with policing. Expenses from this fund may be This fund accounts for monies derived from
used for officer training, specialized investigative assessments related to the tree preservation
equipment and supplies, and items used by ordinance and policies.
officers in direct law enforcement duties.
Southlake Parks Development Corporation
Public Art. (SPDC).
The Public Art Fund was established to account for The Southlake Parks Development Corporation
funding that is available for public art promotion, was formed when Southlake voters approved the
creation, and/or installation throughout the City special levy of a half-cent sales tax in the mid-
of Southlake. 1990s. The half-cent is dedicated toward the
acquisition and development of Southlake’s park
Public Safety Equipment Replacement. land. The specific projects are identified in the
This section provides information about the Public City’s Capital Improvements Program. State law
Safety Equipment Replacement Fund. This fund permits these funds to be used for operational
was created in FY 2027 to build capacity for the costs, as well as capital costs.
ongoing replacement of mission-essential police
and fire equipment, including the protective, Storm Water Utility.
communications, medical, rescue, and operational This fund accumulates dollars collected by the
gear that Police and Fire personnel depend on to storm water utility fee paid monthly by the owners
deliver emergency services safely and effectively. of all of Southlake’s developed properties. These
Because this equipment is acquired in fleets and fees provide a funding source for maintenance,
reaches end-of-life in groups, replacement costs repair, and construction of storm water facilities,
would otherwise arrive as periodic spikes rather and can only be spent for these purposes. The
than a steady annual expense — this fund levels monthly storm water fee is the same for all
that cost over time and keeps service reliability residential dwelling units. Residential properties
on track. are charged $10 per month for each dwelling unit
that is on the property. Fees for non-residential
84 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 85
