Page 36 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

The City’s budget is made up of specific funds to account for the revenue and expenditures that support
operations. Funds also account for debt incurred for capital improvements. There are funds supported
by tax revenue, while others are supported by fees that have been put into place to cover the cost of the
service. Some funds are restricted for specific purposes, while others offer more spending flexibility.

This overview is organized to first provide an analysis of the comprehensive budget, providing an overview
of revenue and expenditures across all funds along with a multi-year forecast that incorporates the impact
of the FY 2027 budget and includes any anticipated changes to revenues or expenditures within the multi-
year window. Following that, each fund will be highlighted, noting key aspects for each as well as identifying
strategic investments that each fund provides.

Budget Overview
REVENUES – TOTAL OPERATING RESOURCES
Total revenues or operating resources in the budget equal $159,001,964, a $4.6 million or 3% increase from
the prior year adopted budget – see Figure 5 for a comparison of revenue by source. As shown in Figure
5, sales tax is the largest source of total revenue received by the City and makes up about 31% of total
revenues received. This is followed closely by Ad Valorem or property taxes which make up about 21% of
total revenues received by the City.

ALL FUNDS REVENUE SUMMARY
This table compares budgeted revenue by source across all funds for FY 2027 against the FY 2026 adopted
budget.

Revenue Source FY 2026 FY 2027 $ Change % Change
(all funds) Adopted Revenue Budgeted Revenue
Ad Valorem Taxes (Property
Tax, all funds) 34,920,033 33,323,883 (1,596,150) (4.6%)
Sales Tax 45,163,040 48,917,600 3,754,560 8.3%
Hotel Occupancy Tax 2,600,000 2,800,000 200,000 7.7%
Franchise Fees 3,384,208 3,525,000 140,792 4.2%
Fines 918,500 918,500 0 0.0%
Charges for Services 6,452,033 6,949,186 497,153 7.7%
Rental Income 153,824 153,824 0 0.0%
Permits/Fees 1,614,600 1,647,100 32,500 2.0%
Miscellaneous 986,400 925,800 (60,600) (6.1%)
Water Sales, residential 20,140,000 20,125,065 (14,935) (0.1%)
Water Sales, commercial 5,745,000 5,740,300 (4,700) (0.1%)
Storm Water, residential 928,000 1,164,400 236,400 25.5%
Storm Water, commercial 694,000 1,262,970 568,970 82.0%
Wastewater Sales 11,500,000 12,075,000 575,000 5.0%
Sanitation Sales 3,185,000 3,223,000 38,000 1.2%
Other Utility Charges 305,800 305,000 (800) (0.3%)
TIF District 10,376,956 10,680,636 303,680 2.9%
Interest Income 5,336,900 5,264,700 (72,200) (1.4%)
Total Revenues $154,404,294 $159,001,964 $4,597,670 3.0%

36 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 37