Page 103 - Southlake FY23 Budget

CITY PROFILE

elaStiC oPerating reVenueS aS a PerCentage of net oPerating reVenueS

50%

44%
45% 43% 44%
40% 40% 41%
40%

35%
ELASTIC REVENUES AS A PERCENTAGE OF GENERAL FUND REVENUES 30%

25%

20%

15%

10%

5%

0%
2018 2019 2020 2021 2022* 2023**
FISCAL YEAR
Warning Trend: Decreasing amount of elastic operating *Unaudited **Proposed Budget Elastic operating revenues
revenues as a percentage of net operating revenues Net operating revenues

Elastic revenues are greatly affected by changes in the economy and are not as steady from year to year as ad
valorem taxes. This chart shows the percentage of net general fund operating revenues that come from elastic
sources (sales tax, fines, charges, permits and fees). A balance between elastic and inelastic revenues mitigates the
effects of economic growth or decline.

Fiscal Year Elastic Operating Revenue
2011 $12,350,616
2012 $13,938,042
2013 $15,313,155
2014 $17,525,435
2015 $19,633,024
2016 $19,008,451
2017 $18,344,675
2018 $18,726,200
2019 $20,202,636
2020 $19,732,470
2021 $22,163,143
2022* $24,281,631
2023** $23,625,367

102 FY 2023 City of Southlake | BUDGET BOOK
WWW.CITYOFSOUTHLAKE.COM