Page 383 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

TAX INCREMENT FINANCE (TIF) DISTRICT FUND

TIF OPERATING FUND Special Revenue Funds

2027 Proposed and 2026 Revised Budget

$ Increase/ $ Increase/
2025 2026 2026 (Decrease) % Increase/ 2027 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Ad Valorem $10,685,868 $10,376,956 $10,637,298 $260,342 2.5% $10,680,636 $303,680 2.9%
Charges for Services $10,856 $0 $0 $0 0.0% $0 0.0%
Interest Income $533,359 $300,000 $300,000 $0 0.0% $300,000 $0 0.0%
Total Revenues $11,230,083 $10,676,956 $10,937,298 $260,342 2.4% $10,980,636 $303,680 2.8%

EXPENDITURES
Personnel $368,151 $364,375 $364,375 $0 0.0% $388,474 $24,099 6.6%
Operations $8,159,518 $10,036,684 $9,436,780 (599,904) -6.0% $8,619,204 (1,417,480) -14.1%
Capital $700,000 $0 $0 (0) 0.0% $0 (0) 0.0%
Total Expenditures $9,227,669 $10,401,059 $9,801,155 ($599,904) -5.8% $9,007,678 ($1,393,381) -13.4%

Net Revenues $2,002,414 $275,897 $1,136,143 $860,246 $1,972,958 $1,697,061
Transfers Out-General Fund 0 0 0 0
Transfers Out -Debt Service 0 0 0 0
Total Other Sources (Uses) $0 $0 $0 $0
Beginning Fund Balance $11,565,006 $13,567,420 $13,567,420 $14,703,563
Prior period adjustment
Ending Fund Balance $13,567,420 $13,843,317 $14,703,563 $16,676,521

FY 2027 HIGHLIGHTS

- The incremental taxable value assigned to TIRZ #1 for the 2026 tax year is $643,241,626 which is a 1.8%
increase from the valuation for the 2025 tax year. This translates into anticipated revenues for the TIF
District Fund of $10,980,636, including interest income. Revenue projections include estimated CISD
payments based on a three year average.

- Total planned expenditures for FY 2027 are $9,007,678. These expenditures are attributable to projects
identified in the project and financing plan.

- The ending balance for this fund is projected at $16,676,521.

FY 2027 City of Southlake | Budget Book 383