Page 109 - CityofSouthlakeFY25AdoptedBudget

Budgeted vs. Actual Revenue (General Fund)

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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 2024 and FY 2025 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

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
2023 $54,964,163 $58,991,147

FY 2025 City of Southlake | Budget Book 109