Integrity Innovation Accountability Commitment to Excellence Teamwork. FY 2019 Proposed Budget

Size: px

Start display at page:

Download "Integrity Innovation Accountability Commitment to Excellence Teamwork. FY 2019 Proposed Budget"

Florence Ashlie Reynolds
5 years ago
Views:

1 Integrity Innovation Accountability Commitment to Excellence Teamwork FY 2019 Proposed Budget

8 percent increase from last year s budget.

2 This budget will raise more revenue from property taxes than last year s budget by an amount of $1,791,712, which is a 5.8 percent increase from last year s budget. The property tax revenue to be raised from new property added to the tax roll this year is $1,106,903.

City of Southlake Council Members Mayor Laura Hill Councilmember Place 1 Shahid Shafi

Patton Councilmember Place 4 / Mayor Pro Tem Randy Williamson Councilmember Place 5 John

3 City of Southlake Council Members Mayor Laura Hill Councilmember Place 1 Shahid Shafi Councilmember Place 2 / Deputy Mayor Pro Tem Shawn McCaskill Councilmember Place 3 Chad Patton Councilmember Place 4 / Mayor Pro Tem Randy Williamson Councilmember Place 5 John Huffman Councilmember Place 6 Christopher Archer City of Southlake Staff City Manager Shana K. Yelverton Chief Financial Officer Sharen Jackson Assistant City Manager Benjamin E. Thatcher Assistant City Manager Alison D. Ortowski Assitant to the City Manager Lauren E. LaNeave

4 Budget Award The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to the City of Southlake, TX for its annual budget for the fiscal year beginning October 1, In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan and as a communications device. The award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award. iv

5 Vision, Mission, & Values Our Mission The City of Southlake provides municipal services that support the highest quality of life for our residents, businesses, and visitors. We do this by being an exemplary model of balancing efficiency, fiscal responsibility, transparency, and sustainability. Our Vision Southlake is a vibrant, attractive, safe, healthy and fiscally sound community that epitomizes both economic and environmental sustainability. We offer quality neighborhoods and a high standard of living, with abundant opportunities for learning, shopping, working, recreation and enjoyment of open spaces. v

Vision, Mission, & Values Values Our corporate values underlie how the City

These are the principles that we hold important and standards by which the

These values, as adopted by the City Council, form the cornerstones of the

to day work and the Council as it conducts its business: Integrity Being

We deal honestly and respectfully with each other and the public at all times.

Innovation Valuing progressive thinking, creativity, flexibility and

Accountability Taking personal responsibility for our actions or inaction

Commitment to Excellence Behaving responsively in our delivery of service to

6 Vision, Mission, & Values Values Our corporate values underlie how the City accomplishes its work. These are the principles that we hold important and standards by which the organization operates. These values, as adopted by the City Council, form the cornerstones of the Strategic Management System and are designed to guide City staff in their day to day work and the Council as it conducts its business: Integrity Being worthy of the public s trust in all things. We deal honestly and respectfully with each other and the public at all times. Do the right thing. Innovation Valuing progressive thinking, creativity, flexibility and adaptability in service delivery. Think outside the box. Accountability Taking personal responsibility for our actions or inaction while putting the interests of the taxpayer first. Own it. Commitment to Excellence Behaving responsively in our delivery of service to the public. Our work is characterized by its quality and by the diligence with which it is carried out. We proactively seek to solve problems in advance. Go above and beyond. Teamwork Recognizing the importance of working together to meet our citizen s needs, communicating clearly, sharing resources and information freely. Work together. vi

7 Table of Contents Table of Contents Transmittal Letter Budget Goals...14 Service Delivery Excellence...19 Financial Information and Fund Summaries...19 General Fund...19 Debt Service Fund...26 Utility Fund...26 Vehicle Replacement Fund Southlake Parks Development Corporation Fund Crime Control and Prevention District Fund Community Enhancement and Development Corporation Economic Development Investment Fund Facility Maintenance Fund...35 Technology Infrastructure and Security Fund Tax Increment Finance District Fund Special Revenue Funds...38 Strategic Initiative Fund Capital Improvements Program...46 Summary Budget City Profile Financial Trend Monitoring System Overview...73 Financial Trend Monitoring System: Environmental Factors...77 Financial Trend Monitoring System: Financial Indicators...91 Benchmark City Trend Data Strategic Direction Overview of City Departments vii

8 Table of Contents Fund Summaries General Fund Expenditures Strategic Initiative Fund Facility Maintenance Fund Technology Infrastructure & Security Fund Economic Development Investment Fund Utility Fund Vehicle Replacement Fund Debt Service Funds & Debt Schedules Tax Supported vs. Self-Supporting Debt Debt Management The Relationship Between Property Taxpayers and Debt Repayment General Obligation Debt Overview Revenue Bond Overview Debt Service Fund Southlake Parks Development Corporation Southlake Parks Development Corporation (SPDC) Debt Service Fund Community Enhancement and Development Corporation Community Enhancement and Development Corporation (CEDC) Debt Service Fund Special Revenue Funds Introduction What are special revenue funds? How are special revenue funds used? Fund Summaries & FY 2019 Highlights Bicentennial Concession Fund Commercial Vehicle Enforcement Fund Community Enhancement and Development Corporation Fund Court Security Fund viii

9 Table of Contents Court Technology Fund Crime Control & Prevention District (CCPD) Fund Hotel Occupancy Tax Fund Library Donation Fund Park Dedication Fee Fund Parks and Recreation Fund Public Art Fund Recycling Fund Red Light Camera Fund Reforestation Fund Southlake Parks Development Corporation (SPDC) Fund Tax Increment Finance (TIF) District Fund Capital Improvements Program (CIP) Introduction Creating the Capital Improvements Program Relationship Between the Capital Improvements Program and the Annual Budget Relationship Between the Capital Improvements Program and the City s Planning Process Relationship Between the Capital Improvements Program and the Biennial Citizen Survey The Benefits of Capital Programming Potential Funding Sources Impact on Operating Budget Current Capital Project Status FY 2019 Capital Budget and Capital Improvements Plan Capital Improvements Program - All Funds Total Planning and Funding for Future Capital Projects General Fund Utility Fund Roadway Impact Fee Fund ix

10 Table of Contents Water Impact Fee Fund Sanitary Sewer Impact Fee Fund Storm Water Utility System Fund Hotel Occupancy Tax Fund Community Enhancement & Development Corporation Fund Southlake Parks Development Corporation Fund Public Art Fund Appendix x

11 Table of Contents xi

12 Table of Contents xii

STRATEGIC DIRECTION. Several years ago the City adopted a Strategic Management System (SMS) which drives the way the City conducts its business.

STRATEGIC DIRECTION. Several years ago the City adopted a Strategic Management System (SMS) which drives the way the City conducts its business. STRATEGIC DIRECTION Several years ago the City adopted a Strategic Management System (SMS) which drives the way the City conducts its business. The department directors contribute to the SMS by developing