Page 45 - CityofSouthlakeFY26AdoptedBudget

General Fund

The General Fund is the City’s principle operating fund, and is supported by property tax, sales tax,
fees, and other revenue. General Fund revenue may be used for a variety of purposes, and this budget
accounts for core City services such as police and fire protection, street maintenance, engineering,
planning, finance, and administrative oversight.

Revenue highlights. This budget projects $60,005,352 in General Fund revenues, an increase of Budget Overview
$1,054,829 million or 1.8% from the prior year adopted budget. Staff is estimating $28,423,309 in
property tax revenue, an estimated decrease of $64,580 or -0.2% from the prior year adopted budget.
This projected revenue reflects the adopted tax rate decrease discussed previously in this overview.

Compared with the prior year adopted budget, staff forecasts that sales tax revenue will grow
approximately 3.1% for the coming fiscal year, expecting to collect almost $22,665,500 million in sales
tax in the General Fund.

Franchise fees collected from private utility companies operating in the city provide another source
of General Fund revenue. For this fiscal year, $3,384,208 is budgeted as revenue from this source, a
projected decrease of 2% when revenue is compared to the prior year adopted budget. This decrease is
attributable to a reduction in franchise fees that have been adjusted based on consumption projections
in the coming year. Fine collections, another source of revenue, are budgeted at $903,000, a 21.5%
increase when compared to the prior fiscal year. This increase is due to an increase in citations.

The adopted budget anticipates $1,519,600 in revenue from permits and fees which is a projected
7.5% increase from the prior General Fund Revenue by Source
year adopted budget, mainly Figure 19
attributable to actual estimated
revenue in FY 2025 outpacing , Z' ^ &KZ ^ Zs/ ^ W ZD/d^ ͬ & ^ D/^ >> E Kh^
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budgeted projections. For the ϯ͘Ϭй Ϯ͘ϱй /Ed Z ^d /E KD
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coming year, staff is estimating ϭ͘ϱй
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permits will be issued during
the fiscal year, which is a slight
reduction from prior year
projections; however, we are
realizing a higher revenue per
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permit issued than previously ϰϳ͘ϰй
collected. Revenue from
commercial permits is expected ' E Z > &hE ^ > ^ d y
to remain flat when compared to ϯϳ͘ϴй
the prior year adopted budget.

Revenue from charges for services
is estimated at $1,814,336, which
represents a 13.5% increase from
the prior year adopted budget.
FY 2026 City of Southlake | Budget Book 45