Page 94 - Southlake FY20 Budget

City Profile

Budgeted vs. Actual Revenue (General Fund)

115%

110% 112%

108%
105%
103% 103% 103% 103%
Percentage of Budgeted Revenue Collected 95%
100%

90%

85%

80%

75%
2013 2014 2015 2016 2017 2018
Fiscal Year

Warning Trend: Increase in revenue shortfalls or surpluses Revenue shortfalls or surpluses
as a percentage of actual net operating revenues Net operating revenues

The chart shows the amount of revenue collected against what was originally budgeted. Due to the City’s conservative
approach to revenue forecasting, Southlake has a history of consistently collecting more revenue than originally
budgeted. This eliminates any potential problems that arise from revenue shortfalls, ensuring that the City maintains
a desired level of fund balance. FY 2019 and the Proposed FY 2020 numbers will not be available until those budgets
are closed and their audits are complete.

Budgeted General Actual General Fund
Fiscal Year
Fund Revenue Revenue
2008 $30,154,384 $31,299,777
2009 $30,528,053 $30,940,231
2010 $30,820,685 $33,114,058
2011 $30,901,328 $33,670,697
2012 $34,515,981 $35,261,601
2013 $36,303,478 $37,533,344
2014 $39,650,399 $40,852,512
2015 $39,054,568 $43,657,605
2016 $40,759,805 $44,001,000
2017 $43,742,290 $44,920,807
2018 $44,989,871 $46,423,288

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