Page 157 - CityofSouthlakeFY25AdoptedBudget

Forecast Results

The City of Southlake conducts a five-year forecast for the General Fund, Utility Fund, Hotel Occupancy
Tax Fund, and sales tax funds. These forecasts reflect the annual projected expenditures required to sustain
the current adopted level of service, meet debt obligations, and the obligations of the adopted Capital
Improvements Program. In addition to forecasting using the assumptions shown in this section, the financial
model conducts several scenarios to understand the health of the fund in the event of an impact on revenues.

Projected revenues and expenditures for the General Fund for the period of FY 2025 to FY 2029 are
summarized below. It’s important to note that in order to meet expenditure growth goals in alignment with
projected CPI growth factors, the City’s projection for expenses based on previously-noted assumptions
in the future years exceeds the CPI-established growth gauge. As shown, the City will need to carefully

General Fund Five Year Financial Forecast* Multiyear Operating Plan
FY 2025 - FY 2029

FY 2025
FY 2028
FY 2027
Fund Adopted FY 2026 Forecast Forecast FY 2029
Forecast
Forecast
Budget
Revenues $58,950,024 $59,826,805 $60,697,959 $62,203,372 $63,054,131

Expenses -
Operating
(capped at 3% $54,489,851 $56,124,547 $57,808,283 $59,542,531 $61,328,807
CPI growth
factor)

Transfer -
Capital Project $3,500,000 $2,000,000 $1,000,000 $1,000,000 $1,000,000
Cash Funding

SIF Transfer
– Facility $1,500,000 $1,500,000 $800,000 $500,000 $0
Maintenance

SIF Transfer
– Vehicle $3,000,000 $1,500,000 $1,500,000 $1,000,000 $1,000,000
Replacement

Transfer -
Technology $1,000,000 $1,000,000 $1,500,000 $1,500,000 $2,000,000

Other Transfers $400,000 $400,000 $400,000 $400,000 $400,000

Reserves $13,969,152 $14,085,986 $14,549,038 $15,342,724 $15,661,549

Reserves as %
of operating $25.64% 25.10% 25.17% 25.77% 25.54%
expenses

*Forecast is not a budget, but is a preliminary estimate of FY 2025 to FY 2029 financial results.

FY 2025 City of Southlake | Budget Book 157