Page 207 - Southlake FY24 Budget

General Fund

$ Increase /
2023 2023 % Increase/- $ Increase / % Increase/-
2022 Actual (Decrease) 2024 Adopted
Adopted Amended Decrease (Decrease) Decrease
Adopted
Ad Valorem $26,713,569 $26,990,927 $26,915,642 ($75,285) -0.3% $28,140,607 $1,149,680 4.3%
Taxes

Sales Tax 21,047,369 19,908,000 19,908,000 0 0.0% 19,908,000 0 0.0% General Fund Expenditures

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

Fines 912,300 897,700 743,000 (154,700) -17.2% 743,500 (154,200) -17.2%

Charges for 1,391,089 1,307,567 1,477,035 169,468 13.0% 1,582,723 275,156 21.0%
Services

Permits/Fees 2,864,340 1,512,100 1,668,200 156,100 10.3% 1,499,100 (13,000) -0.9%

Miscellaneous 889,679 349,900 659,096 309,196 88.4% 349,900 0 0.0%

Interest Income (97,931) 18,900 600,000 581,100 3074.6% 630,000 611,100 3233.3%

Total Revenues $56,709,289 $53,954,094 $54,964,163 $1,010,069 1.9% $55,826,936 $1,872,842 3.5%

EXPENDITURES

City Secretary $587,115 $626,040 $635,932 $9,892 1.6% $667,578 $41,538 6.6%

Human
Resources 870,559 1,005,686 $1,033,494 27,808 2.8% 1,080,100 74,414 7.4%

City Manager 1,085,237 1,102,636 1,129,452 26,816 2.4% 1,207,580 104,944 9.5%

Information
Technology 2,896,549 3,402,417 3,389,208 (13,209) -0.4% 3,690,901 288,484 8.5%

Communications 513,373 683,825 683,825 0 0.0% 791,673 107,848 15.8%

Support Services 1,678,258 2,128,906 2,229,570 100,664 4.7% 2,361,735 232,829 10.9%

General Gov.
Total $7,631,091 $8,949,510 $9,101,481 $151,971 1.7% $9,799,567 $850,057 9.5%

FY 2024 City of Southlake | Budget Book 207