Page 23 - Southlake FY22 Budget

TrAnSMITTAL LETTEr

Fund revenue, $2,825,446. CRIME CONTROL & PREVENTION DISTRICT SOUTHLAKE PARKS DEVELOPMENT CORPORATION
This is a projected decrease of COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION GENERAL FUND
2.3% when projected revenue $35,000,000
is compared to the FY 2021
budget. Fine collections, $30,000,000
another source of revenue, are
expected to total $853,500 in $25,000,000 $15,660,985 $16,166,000 $16,405,450
FY 2022, a decrease of 0.2%. $13,732,007 $14,111,661 $15,104,616
$20,000,000
Another major revenue DOLLARS
source for the General Fund $15,000,000 $6,006,255
is permits and fees charged $5,613,663 $5,707,414 $5,734,078 $5,858,223 $5,930,500
for development activities, $10,000,000
participation in recreation $7,578,446 $7,705,009 $7,741,005 $7,908,601 $8,020,000 $8,140,300
programs, etc. The adopted $5,000,000
budget anticipates $1,202,100 $1,879,292 $1,923,567 $1,898,389 $1,921,480 $1,970,000 $1,999,550
in revenue from this source in $- 2017 2018 2019 2020 2021* 2022**
FY 2022. FISCAL YEAR
Figure 9: Sales tax collection trend
Staff is estimating that 50
residential building permits will be issued during FY 2022, which is fewer than FY 2021 projections. Revenue
from commercial permits is expected to decline when compared to the adopted FY 2021 budget.

Revenue from charges for services are estimated at $1,192,337. This represents a 19.2% increase from the FY
2021 adopted budget. This category of revenue includes interlocal contributions from the cities of Grapevine,
Colleyville, and Keller for the joint Teen Court program. Miscellaneous income is projected at $345,000. The
adopted budget includes $77,700 in projected interest earnings.

CHARGES FOR SERVICES PERMITS / FEES MISCELLANEOUS
2.4% 2.4% 0.7% INTEREST INCOME
FINES 0.2%
1.7%

FRANCHISE
TAXES
5.7%

AD VALOREM TAX
GENERAL FUND SALES TAX 53.8%
33.1%

Figure 10: General Fund revenue by source

22 FY 2022 City of Southlake | BUDGET BOOK
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