Page 102 - Southlake FY24 Budget

Elastic Operating Revenues as a
Percentage of Net Operating Revenues

50%
46%
45% 43%
43% 43%
40% 41%
40%

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

City Profile

25%

20%

15%

10%

5%

0%
2019 2020 2021 2022 2023* 2024**
FISCAL YEAR

*Unaudited **Adopted Budget
Elastic operating revenues
Net operating revenues

Warning Trend: Decreasing amount of elastic operating revenues as a percentage of 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 Fiscal Year Elastic Operating Revenue
2011 $12,350,616 2018 $18,726,200
2012 $13,938,042 2019 $20,202,636
2013 $15,313,155 2020 $19,732,470
2014 $17,525,435 2021 $22,163,143
2015 $19,633,024 2022 $26,215,098
2016 $19,008,451 2023* $23,796,235
2017 $18,344,675 2024** $23,733,323

102 FY 2024 City of Southlake | Budget Book