Page 103 - Southlake FY24 Budget

Budgeted vs. Actual Revenue (General Fund)

115%
City Profile
110% 111%

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

90%

85%

80%

75%
2018 2019 2020 2021 2022
FISCAL YEAR
Revenue shortfalls or surpluses
Net operating revenues

Warning Trend: Increase in revenue shortfalls or surpluses as a percentage of actual 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 2023 and FY 2024 numbers
will not be available until those budgets are closed and their audits are complete.

Fiscal Year Budgeted General Fund Revenue Actual General Fund Revenue

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
2022 $55,211,583 $57,220,365

FY 2024 City of Southlake | Budget Book 103