Item 5A
FY 2007 Proposed Budget
City of Southlake
August 22, 2006
Blueprint for Achievement
Budget Proposal Summary
Holds tax rate at $.462
Implements strategic plan concepts
Achieves structural balance
Provides for optimum fund balance
Provides for pay-as-you-go projects
No rate increase for water and sewer
All Funds Summary
(Expenditures)
General Fund
$27,129,497
Strategic Initiative Fund
$2,600,000
Vehicle Replacement
Fund
$431,900
Crime Control
District Fund
$274,954
SPDC Fund
$2,377,570
Utility Fund
$17,999,854
Debt Service Fund
$6,069,814
Special Revenue Funds
(Reforestation, Bicentennial
Concessions, Parks & Recreation,
Hotel Occupancy, Library,
Recycling & TIF Operating)
$639,435
Total
Expenditures
$57,523,024
Utility Fund Highlights
Fund Highlights
Revenue = +15.2%
Expenditures = +11.9%
Ending Fund Balance = $4.8 million
Special Revenue Funds
TIF Budget
Highlights: Valuation increase of $57.3 M
Revenues = $2.03 M
Crime Control & Prevention District
Highlights: Revenue = $4.42 M
Expenses = $274,954
Southlake Park Development Corp.
Highlights: Revenues = $4.5 million
Features: Special projects, equipment
Special Revenue Funds
Park Dedication Fund
Highlights: Revenues = $75,000
Features: Park projects
Hotel Occupancy Tax
Highlights: Revenues = $323,387
Features: Advertising/Marketing/Arts/Heritage
Vehicle Replacement Fund
Five Year purchasing plan
No “buy in” required
Replacement of vehicles on a cycle
Capital Improvement Program
General Fund - $3 M
Utility Fund - $3.6 M
SPDC Fund - $752,000
Crime Control - $7.8 M
Impact Fee Funds - $4 M
Strategic Initiative - $2.2 M
Roadways
Utilities
Parks, Trails, Sidewalks
Public Safety
Capital Improvement Plan
Roadway Improvements for FY2007
Street Rehabilitation (PMA)
Service Area 1 General Capacity Improvements
N. White Chapel Blvd (Emerald to Highland)
Design of N. Kimball Ave (SH114 to future Kirkwood Ext.)
Offsite paving improvements for Shops of Southlake
Intersection Improvements
White Chapel @ Dove Rd. (Roundabout)
Carroll Ave. @ Dove Rd. (Roundabout)
FM 1938 @ FM 1709 (Bottleneck Fund Match)
Capital Improvement Plan
Utility Improvements for FY2007
Partial Water Supply Line to TW King to PS #2
Sewer Line along Pearson from Gray Ln to Johnson Rd
N-1 Analysis and Meter Station Improvements (TRA)
City of Fort Worth Wholesale Meter Modifications
Pearson Ground Storage Tanks Repainting
Developer Reimbursement for Oversizing Utilities
Capital Improvement Plan
Parks, Trails, and Sidewalks for FY2007
Central Park Construction Reimbursement
Citywide Sidewalk/Trail Improvements
Trail Improvements along East Dove
Bob Jones Nature Center
Matching Funds
Public Safety for FY2007
Fire Service Ladder Truck
Town Square Video Surveillance
East DPS Facility
Questions?