Finance

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There are several divisions that fall under the Finance Department: 

All of these divisions are overseen by Sharen Jackson, Chief Financial Officer.

About the Chief Financial Officer

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City of Southlake Career

  • Chief Financial Officer (2013-Current)
  • Finance Director (1999-2013)

Education & Professional Memberships

  • Certified Public Accountant
  • Bachelor’s Degree in Accounting from the University of Central Arkansas
  • Member of the American Institute of Certified Public Accountants
  • Member of the Government Finance Officers Association
  • Member of the Government Finance Officers Association of Texas

Previous Experience

  • Public Accounting

City Budget and Finances

Each year, the City Manager, Chief Financial Officer, and Puzzle Link PictureCity staff put together a financial plan for the following year. The process begins in October and continues until the budget is filed in August. 

Strategic planning plays an integral role in the development of each year's balanced budget. The planning ensures the City's ability to meet the needs of our community. Each budget develops and monitors  the City's five-year Capital Improvement Plan (CIP) Southlake 2030 & 2035 (the City's Comprehensive Development Plans) and each department's business plan. 

To be effective, the City must be deliberate and direct resources to those areas most essential to the community's well being. Residents help guide this process through the biennial Citizen Satisfaction Survey and by talking with the City Council. 

For more information on the budgeting process, including the current adopted budget, please click here.

Fee Schedule

An annual fee schedule is published in conjunction with the adopted budget. Below you will find the FY 2020 Fee Schedule for the City.

Annual Financial Reports

Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report (CAFR) is a thorough and detailed presentation of the City’s financial condition. It reports on the City’s financial activities, fund balances and is presented in three sections:

  1. Introductory Section
  2. Financial Section
  3. Statistical Section

One of the most significant purposes of the comprehensive financial report is to provide valuable insight into how the City manages its finances, investments and debt obligations.

Popular Annual Financial Report

The Popular Annual Financial Report (PAFR) is an annual publication summarizing the outstanding work the City of Southlake has completed in a given year while bringing an increased awareness of the City’s financial condition through a more user-friendly presentation.

The PAFR report is intended to simplify and summarize the financial information contained in the City’s Comprehensive Annual Financial Report (CAFR), is unaudited and not presented in a Generally Accepted Accounting Principle (GAAP) format.

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