Page 125 - CityofSouthlakeFY27Budget

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BUDGETED VS. ACTUAL REVENUE (GENERAL FUND)
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
City Profile
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 2026 and FY 2027
numbers will not be available until those budgets are closed and their audits are complete.

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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

Fiscal Year Budgeted General Fund Revenue Actual General Fund Revenue
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
2024 $55,826,936 $58,517,915
2025 $58,907,108 $59,965,450

FY 2027 City of Southlake | Budget Book 125