Integrity Innovation Accountability Commitment to Excellence Teamwork FY 2019 Proposed Budget
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 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
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, 2017. 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
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 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
Table of Contents Table of Contents Transmittal Letter... 13 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... 28 Southlake Parks Development Corporation Fund... 28 Crime Control and Prevention District Fund... 30 Community Enhancement and Development Corporation... 32 Economic Development Investment Fund... 34 Facility Maintenance Fund...35 Technology Infrastructure and Security Fund... 36 Tax Increment Finance District Fund... 36 Special Revenue Funds...38 Strategic Initiative Fund... 43 Capital Improvements Program...46 Summary... 52 Budget 101...53 City Profile... 63 Financial Trend Monitoring System Overview...73 Financial Trend Monitoring System: Environmental Factors...77 Financial Trend Monitoring System: Financial Indicators...91 Benchmark City Trend Data...109 Strategic Direction... 125 Overview of City Departments... 145 vii
Table of Contents Fund Summaries... 247 General Fund Expenditures...277 Strategic Initiative Fund...287 Facility Maintenance Fund...293 Technology Infrastructure & Security Fund... 297 Economic Development Investment Fund...301 Utility Fund...305 Vehicle Replacement Fund... 309 Debt Service Funds & Debt Schedules...313 Tax Supported vs. Self-Supporting Debt... 314 Debt Management... 316 The Relationship Between Property Taxpayers and Debt Repayment... 317 General Obligation Debt Overview... 320 Revenue Bond Overview...322 Debt Service Fund...324 Southlake Parks Development Corporation... 326 Southlake Parks Development Corporation (SPDC) Debt Service Fund...328 Community Enhancement and Development Corporation...330 Community Enhancement and Development Corporation (CEDC) Debt Service Fund... 332 Special Revenue Funds... 333 Introduction... 335 What are special revenue funds?... 335 How are special revenue funds used?... 337 Fund Summaries & FY 2019 Highlights...339 Bicentennial Concession Fund... 340 Commercial Vehicle Enforcement Fund... 341 Community Enhancement and Development Corporation Fund...342 Court Security Fund...343 viii
Table of Contents Court Technology Fund...344 Crime Control & Prevention District (CCPD) Fund...345 Hotel Occupancy Tax Fund... 346 Library Donation Fund...347 Park Dedication Fee Fund...348 Parks and Recreation Fund...349 Public Art Fund...350 Recycling Fund...351 Red Light Camera Fund...352 Reforestation Fund... 353 Southlake Parks Development Corporation (SPDC) Fund...354 Tax Increment Finance (TIF) District Fund...356 Capital Improvements Program (CIP)... 357 Introduction... 358 Creating the Capital Improvements Program... 358 Relationship Between the Capital Improvements Program and the Annual Budget...359 Relationship Between the Capital Improvements Program and the...359 City s Planning Process...359 Relationship Between the Capital Improvements Program and the Biennial Citizen Survey... 359 The Benefits of Capital Programming...359 Potential Funding Sources... 361 Impact on Operating Budget... 362 Current Capital Project Status... 364 FY 2019 Capital Budget and Capital Improvements Plan... 364 Capital Improvements Program - All Funds Total...365 Planning and Funding for Future Capital Projects...368 General Fund... 369 Utility Fund... 387 Roadway Impact Fee Fund...401 ix
Table of Contents Water Impact Fee Fund... 405 Sanitary Sewer Impact Fee Fund... 411 Storm Water Utility System Fund... 415 Hotel Occupancy Tax Fund... 429 Community Enhancement & Development Corporation Fund...433 Southlake Parks Development Corporation Fund...437 Public Art Fund...445 Appendix... 449 x
Table of Contents xi
Table of Contents xii