Page 9 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

Fund Summaries ........................................................................................................................................257
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 projected budget for the impending fiscal year.

General Fund Expenditures ..................................................................................................................... 285
This section provides the General Fund Summary. The General Fund is the City’s principal operating fund Introduction
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 such operations
as police, fire, engineering, planning, finance and administration.

Strategic Initiative Fund ........................................................................................................................... 297
This section provides information about the Strategic Initiative Fund. This fund was created in 2005 for
the purpose of taking 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 ...................................................................................................................... 305
This section provides information about the Facility Maintenance Fund. The purpose of this fund is to
build capacity for future maintenance projects as we will have many needs to address as our facilities
age. The Strategic Initiative Fund has provided seed money for this fund, an important element of our
budget given the size and complexity of the City’s facility infrastructure.

Technology Infrastructure and Security Fund .......................................................................................309
This section provides information about the Technology Infrastructure & Security Fund. This fund was
created in FY 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 ......................................................................................... 313
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. Expenditures in this fund are used to replace the protective, communications, medical,
rescue and operational equipment that Police and Fire personnel depend on to deliver services safely
and effectively.

Economic Development Investment Fund .............................................................................................. 317
The Southlake Economic Development Plan includes the following as recommendation ED15: “Maintain
ongoing, dedicated funding to achieve economic development goals by continuing investment in the
Economic Development Investment Fund.” This fund was created in 2013 for that purpose.

Utility Fund Expenditures .......................................................................................................................... 321
This section provides the Utility Fund Summary. The Utility Fund is an enterprise or business fund.
This means that the direct beneficiaries of the “business” pay for all costs through fees or rates. Water,
sewer service, and solid waste service revenues generated through our rates, as well as the expenses for
providing these services are accounted for in the Utility Fund.

FY 2027 City of Southlake | Budget Book 9