Page 104 - Southlake FY23 Budget

CITY PROFILE

buDgeteD VS. aCtual reVenue (general funD)

115%

110% 111%

108%
105%
104%
103%
103% 102%
PERCENTAGE OF BUDGETED REVENUE COLLECTED 95%
100%

90%

85%

80%

75%
2016 2017 2018 2019 2020 2021
FISCAL YEAR
Warning Trend: Increase in revenue shortfalls or surpluses as a Revenue shortfalls or surpluses
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 2022 and FY 2023 numbers will not be available until those budgets are
closed and their audits are complete.

Budgeted General Fund
Fiscal Year Actual General Fund Revenue
Revenue
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
2019 $48,939,332 $49,952,923
2020 $46,599,199 $48,584,294
2021 $46,433,915 $51,653,730

BUDGET BOOK | FY 2023 City of Southlake 103
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