Page 31 - CityofSouthlakeFY25AdoptedBudget

Figure 12

All Funds - FY 2025 Adopted Total
Expenditures by Category
Budget Overview

d ^ Zs/
ϭϮй

W/d > Khd> z
ϴй
W Z^KEE >
ϯϵй

KW Z d/KE^
ϰϭй

Figure 12 shows the total adopted expenditures by category, for all funds and the adjacent table shows
expenditures by fund. The Fund Highlights provided later in this Budget Overview provide greater detail
about budgeted expenditures and changes from FY 2024 to FY 2025.

Debt Profile
The City takes its debt obligation very seriously. Several years ago, the City Council working with City
staff set goals to reduce the Figure 13
debt as percentage of assessed Long-term Debt as a Percentage of
valuation over the total long
term. As you can see in Figure Assessed Valuation
>KE'Ͳd ZD d d ^ й K& ^^ ^^ s >h d/KE
13, we have reduced the ϯ͘ϱϬй ΨϭϮϬ͕ϬϬϬ͕ϬϬϬ
percentage from 3.01% in 2003 Southlake Desired Range
per Policy
ϯ͘ϬϬй Ϯ͘ϳϵй
to 0.21% in 2025, during a time ΨϭϬϬ͕ϬϬϬ͕ϬϬϬ
of growth for the city. The line ϯ͘Ϭϭй Ϯ͘ϯϲй
Ϯ͘ϱϬй
that you see on this chart is a Ϯ͘Ϭϳй ΨϴϬ͕ϬϬϬ͕ϬϬϬ
graphic illustration of one of Ϯ͘ϬϬй Ϯ͘ϬϬй
the reasons why three bond ϭ͘ϳϭй ϭ͘ϰϲй ϭ͘ϰϵй ϭ͘ϱϭй ϭ͘ϰϵй ΨϲϬ͕ϬϬϬ͕ϬϬϬ K>> Z^
agencies have rated Southlake W Z Ed ' K& s >h d/KE ϭ͘ϱϬй ϭ͘ϯϳй ϭ͘ϭϵй
AAA. It should be noted that ϭ͘ϭϮй Ϭ͘ϵϮй ΨϰϬ͕ϬϬϬ͕ϬϬϬ
although the total debt issued ϭ͘ϬϬй Ϭ͘ϳϮй
has fluctuated based on the Ϭ͘ϱϴй Ϭ͘ϰϰй ΨϮϬ͕ϬϬϬ͕ϬϬϬ
Ϭ͘ϱϬй Ϭ͘ϯϰй Ϭ͘Ϯϳй Ϭ͘Ϯϰй Ϭ͘Ϯϴй
timing of important projects, Ϭ͘ϮϮй Ϭ͘Ϯϭй
the City has generally reduced Ϭ͘ϬϬй ΨͲ
its property tax supported ϮϬϬϯ ϮϬϬϰ ϮϬϬϱ ϮϬϬϲ ϮϬϬϳ ϮϬϬϴ ϮϬϬϵ ϮϬϭϬ ϮϬϭϭ ϮϬϭϮ ϮϬϭϯ ϮϬϭϰ ϮϬϭϱ ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ ϮϬϮϱ
obligations since 2003. The &/^ > z Z

FY 2025 City of Southlake | Budget Book 31