Page 179 - Southlake FY24 Budget

All Funds Summary - Revenues & Expenditures

Fund Summaries
$ Increase / %
2022 2023 2023 (Decrease) % Increase/- 2024 Adopted $ Increase / Increase/-
Actual Adopted Amended Adopted Decrease (Decrease) Decrease

REVENUES

Ad Valorem Taxes $32,086,253 $32,934,796 $32,859,511 ($75,285) -0.2% $34,002,950 $1,068,154 3.2%

Sales Tax 42,086,331 39,653,500 39,653,500 0 0.0% 39,653,500 0 0.0%

Hotel Tax 1,637,159 1,705,300 2,000,000 294,700 17.3% 2,090,500 385,200 22.6%

Franchise Fees 2,988,874 2,969,000 2,993,190 24,190 0.8% 2,973,106 4,106 0.1%

Fines 997,586 984,600 805,000 (179,600) -18.2% 811,500 (173,100) -17.6%

Charges for 4,928,450 5,232,817 5,806,759 573,942 11.0% 6,179,011 946,194 18.1%
Services

Rental Income 140,532 153,824 153,824 0 0.0% 153,824 0 0.0%

Permits/Fees 3,121,526 1,607,100 2,095,500 488,400 30.4% 1,594,100 (13,000) -0.8%

Miscellaneous 2,019,982 1,090,900 1,425,145 334,245 30.6% 1,000,900 (90,000) -8.3%

Water Sales- 19,473,110 16,923,900 17,550,900 627,000 3.7% 19,000,400 2,076,500 12.3%
residential
Water Sales- 5,422,680 4,827,200 5,050,100 222,900 4.6% 5,400,200 573,000 11.9%
commercial
Stormwater- 920,468 918,200 923,500 5,300 0.6% 924,300 6,100 0.7%
residential
Stormwater- 674,085 673,300 681,000 7,700 1.1% 687,000 13,700 2.0%
commercial

Wastewater Sales 9,346,288 9,240,000 8,900,400 (339,600) -3.7% 12,576,000 3,336,000 36.1%

Sanitation Sales 2,536,160 2,663,800 2,683,800 20,000 0.8% 2,729,700 65,900 2.5%

Other Utility 371,943 400,800 320,800 (80,000) -20.0% 280,800 (120,000) -29.9%
Charges

TIF District 9,343,619 9,468,834 9,834,043 365,209 3.9% 9,562,848 94,014 1.0%

Interest Income (414,013) 140,740 3,102,115 2,961,375 2104.1% 2,916,800 2,776,060 1972.5%

Total Revenues $137,681,033 $131,588,611 $136,839,087 $5,250,476 4.0% $142,537,439 $10,948,828 8.3%

FY 2024 City of Southlake | Budget Book 179