Item 3B2 - Monthly Financial ReportItem 3132
CITY OF
S0UTHLA1<,..-E
0
MONTHLY FINANCIAL
REPORT
May 2025
PERFORMANCE AT A GLANCE
Year to Date
3 year Trend
Reference
General Fund Exp. Vs. Rev.
Positive
Positive
Page 3
Sales Tax Revenue (2 months prior activity)
Positive
Positive
Page 3
Property Tax Revenue
Positive
Positive
Page 4
Permit Revenues
Positive
Positive
Page 4
Departmental Expenditures Summary
Positive
Positive
Page 5
Positive = Positive variance or negative variance <1 % compared to seasonal trends.
Warning = Negative variance of 1-4% compared to seasonal trends
Negative = Negative Variance of > 4% compared to seasonal trends.
City of Southlake Monthly Financial Report 1 6/11/2025
ECONOMIC INDICATORS
NATIONAL ECONOMY
0.20%
DP is defined as the output of goods and services
oduced by labor and property located in the United
sates, The Bureau of Labor and Economic Analysis
ported that the "second" estimated GDP for the 1st
carter of 2025 decreased at a rate of 0.2%. In the 1160,000,000
h quarter of 2024, GDP increased at a rate of
Housing Starts: V 1.6%
Housing starts in April 2025 were at a seasonally
adjusted rate of 1,361,000, which is 1.6% above the
previous month figure of 1,339,000, but 1.7% below
the same month last year.
UNEMPLOYMENT RATES
National: d 4.2%
The National Unemployment rate for May 2025
remained unchanged at 4.2%, compared to April
State-wide: 1/ 4.1 %
The Texas Unemployment rate for April 2025
(preliminary) remained unchanged at 4.1 % when
compared to March 2025.
DFW Area: V 3.5%
The Dallas/Fort Worth/Arlington Metropolitan Area
unemployment rate for April 2025 (preliminary)
decreased to 3.5% when compared to 3.8% in
March 2025.
$140,000,000
$120,000,000
$100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
FINANCIAL ACTIVITY
2021* 2022* 2023* 2024* 2025'
*October -May ■ Construction permit values
City of Southlake Monthly Financial Report 2 6/11/2025
GENERAL FUND
OVERALL FUND PERFORMANCE:
GENERAL FUND REVENUE VS EXPENDITURES 2025
FY 2025
FY 2025
FY 2025 REVENUE FY 2025 EXPENDITURE
2024 EXPEND.
REVENUE
EXPENDITURE
VARIANCE
Oct
$ 995,965
$ 3,045,596
$
(2,049,631)
$18,000,000
Nov
$ 2,899,854
$ 4,712,733
$
(1,812,879)
$16,000,000
Dec
$ 6,811,678
$ 4,042,253
$
2,769,425
Jan
$ 16,742,515
$ 4,736,543
$
12,005,972
$14,000,000
Feb
$ 9,551,595
$ 4,119,025
$
5,432,570
$12,000,000
Mar
$ 3,025,087
$ 3,771,340
$
(746,253)
Apr
$ 2,459,629
$ 4,233,724
$
(1,774,095)
$10,000,000
May
$ 3,880,915
$ 5,036,660
$
(1,155,745)
$8,000,000
Jul
$ -
$ _
$
_
$6,000,000
.
Aug
Sep
$
$
$
$
$4,000,000
—
Tot
$ 46,367,238
$ 33,697,874
$
12,669,364
$2,000,0
dAV:
$-
CHART OUTLOOK:
POSITIVE
Oct Nov Dec Jan Feb Mar Apr
May Jun Jul Aug Sep
The outlook for the
year is positive as overall revenues and expenditures are on target with budget. The expenditures are higher than revenues by $12.7M.
The significant variance is due to the significant portion of
property tax revenue collected (approximately
95%) of
the budgeted property tax revenue sources for the general fund.
REVENUE ANALYSIS
GENERAL FUND SALES TAX 2025-2023 COMPARISON
FY 2025
FY 2024
FY 2023
� FY 2025 � FY 2024 FY 2023
Oct
$ 1,792,542
$ 1,639,596
$
1,814,981
$3,000,000
Nov
$ 1,815,114
$ 1,701,432
$
1,813,575
Dec
$ 2,552,523
$ 2,383,801
$
2,507,299
$2,500,000
Jan
$ 1,722,503
$ 1,643,095
$
1,539,514
'
Feb
$ 1,470,957
$ 1,458,994
$
1,436,621
$2,000,000
Mar
$ 1,961,273
$ 1,859,641
$
1,836,177
'�
Apr
$ 1,828,118
$ 1,749,381
$
1,708,466
$1,500,000
May
$ -
$ 1,660,932
$
1,745,742
Jun
$
$ 1,777,233
$
1,819,551
$1,000,000
Jul
$ -
$ 1,653,109
$
1,620,652
Aug
$
$ 1,710,382
$
2,618,139
$500,000
Sep
$
$ 1,690,978
$
1,968,439
Tot
$ 13,143,030
$ 20,928,572
$
22,429,154
$-
Oct Nov Dec Jan Feb Mar Apr
May Jun Jul Aug Sep
CHART OUTLOOK:
POSITIVE
Year-to-date collections are trending
higher than FY 2024 (5.7%%) and FY 2023 (3.8%) collections. April 2025 sales are higher than March 2024 (4.5%) and
March 2023 (4.7%) collections. Year-to-date collections are
above budget for the year, so the outlook is considered positive. Staff will continue to monitor collections closely.
City of Southlake Monthly Financial Report 3 6/11/2025
GENERAL FUND
REVENUE ANALYSIS (continued)
PROPERTY TAX 3 YEAR TREND
FY 2025
FY 2024 FY 2023 ■ FY 2025 ■ FY 2024 FY 2023
Oct $ 415,744
$ 577,913 $ 380,169 $16,000,000
Nov $ 2,389,817
$ 2,012,904 $ 2,011,080 $14,000,000
Dec $ 4,489,786
$ 8,236,314 $ 4,964,620 $12,000,000
Jan $ 14,130,006
$ 10,376,818 $ 12,756,146 $10,000,000
Feb $ 5,620,386
$ 5,623,897 $ 6,290,070
$5,000,000
Mar $ 640,868
$ 532,180 $ 560,775
Apr $ 295,560
$ 257,466 $ 221,968 $6,000,000
May $ 205,571
$ 198,604 $ 158,917 $4,000,000
Jun $ -
'
$ 516,677 $ 502,789 $2,000,000
Jul * $ -
$ (1,139,094) $ (1,226,605) $- -
Aug $ -
$ 88,418 $ 69,910 $(2,000,000) Oct Nov Dec Jan Feb Mar Apr May Jun
Ju Aug
Sep $
$ 16,945 $ 41,259
Tot $ 28,187,738
$ 27,299,042 $ 26,731,098
* Net transfer of TIF revenues to
CHART OUTLOOK:
POSITIVE TIF fund
As of May, the 2025 YTD property tax collections ($28,187,738) are approximately 1.3% and 3.1% higher than 2024 YTD ($27,816,096) and 2023 YTD ($27,343,745), respectively. As indicated on the chart, the majority
of the property tax revenue is collected in the second quarter of the fiscal year. YTD collections are trending below budget.
PERMIT REVENUE 2024-2022 COMPARISON
FY 2025
FY 2024 FY 2023
� FY 2025 � FY 2024 FY 2023
Oct $ 332,221
$ 110,053 $ 137,332 $350,000
Nov $ 121,292
$ 284,653 $ 118,803
Dec $ 104,932
$ 69,759 $ 88,212 $300,000
Jan $ 133,336
$ 90,986 $ 231,884
Feb $ 145,396
$ 93,595 $ 249,097 $250,000
Mar $ 135,536
$ 226,182 $ 98,675
Apr $ 137,408
$ 121,572 $ 77,670 $200,000
May $ 192,289
$ 198,453 $ 187,731
Jun $ -
$ 159,935 $ 143,738 $150,000
-
Jul $ -
$ 135,053 $ 92,872 $100,000
-.
Aug $
$ 100,564 $ 136,528
Sep
$ 156,642 $ 157,382 $50,000
Tot $ 1,302,410
$ 1,747,447 $ 1,719,924
Oct Nov Dec Jan Feb Mar Apr May Jun
Jul Aug Sep
CHART OUTLOOK: POSITIVE
The value of new construction permits ($133.7M+) issued for FY 2025 YTD is approximately 8.7% and 32.5% higher than in FY 2024 and FY 2023, respectively. FY 2025 YTD permit
revenue is 9.0% and 9.5% higher
than in FY 2024 and 2023, respectively. The permit revenue year to date is trending above budget, so the outlook is considered positive.
City of Southlake Monthly Financial Report 4 6/11/2025
EXPENDITURE ANALYSIS
DEPARTMENTAL EXPENDITURES SUMMARY
FY 2025 ACTUAL
FY 2024 ACTUAL
FY 2025 BUDGET
FY
2024/2025 YTD
YTD (MAY)
YTD (MAY)
YTD (MAY)
VARIANCE
BUDGET VARIANCE FY 2025 % SPENT
CIAO
$
780,205
$
785,438
$
874,635
$
(5,233)
$
94,430
89.20%
COMM
$
590,816
$
493,161
$
660,934
$
97,655
$
70,118
89.39%
CS
$
4,191,167
$
4,601,014
$
5,093,009
$
(409,847)
$
901,842
82.29%
C5O
$
398,684
$
395,087
$
470,204
$
3,597
$
71,520
84.79%
DPS
$
15,484,783
$
14,918,816
$
17,412,682
$
565,967
$
1,927,899
88.93%
ED
$
335,528
$
263,703
$
396,054
$
71,825
$
60,526
84.72%
FIN
$
2,141,294
$
2,170,406
$
2,303,512
$
(29,112)
$
162,218
92.96%
HR
$
456,176
$
626,653
$
734,955
$
(170,477)
$
278,779
62.07%
IT
$
2,661,092
$
2,186,610
$
3,581,106
$
474,482
$
920,014
74.31%
PDS
$
1,562,428
$
1,660,222
$
1,098,185
$
(97,794)
$
(464,243)
142.27%
PW
$
3,474,242
$
3,734,504
$
4,117,796
$
(260,262)
$
643,554
84.37%
SS
$
1,598,486
$
1,818,971
$
1,912,078
$
(220,485)
$
313,592
83.60%
Totals
$
33,674,901
$
33,654,585
$
38,655,150
$
20,316
$
4,980,249
87.12%
FY 2025
ACTUAL
YTD (MAY)
FY 2024 ACTUAL YTD (MAY) FY 2025 BUDGET YTD (MAY)
$18,000,000
$16,000,000
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$-
CIAO
COMM
CS
CSO
DPS
ED FIN HR IT
PDS PW SS
CHART OUTLOOK:
POSITIVE
As indicated above, 2025 expenditures are slightly higher
than 2024 expenditures for the same period,
with an increase of 0.06%. The outlook is positive, as expenditures are on pace to be within budgeted expenditures
for the fiscal year.
City of Southlake Monthly Financial Report 5 6/11/2025
EXPERIENCE �
SOUTHLAKE
The Marq Financial Review
CEDC FINANCIAL DASHBOARD
=CR excludes 115580-60* accounts as of 5/27/2025 904 AM
MARQ r [ C LH NET REVENUE: CURRENT & PREVIOUS YEAR
�7 5.9 j48.6jj 400K
37.00%
300
131,48%
6400%
110,20%
70.00%
108.45%
Target
ATT
Target
ATT
Target
402.33K
ATT
827,00K
tO.K'
2.95M 4.18M
2.55M 3.36M
Rn eaoe Expense
F—e—
Epense
Reae—
Epense
THE MARQ
MEMBERSHIP
REVENUE (NET)
250K
200K
150K
100K
50K
0K
10/1/2024 9/30/2025
CD
• CCR • LHR —Total Revenue LY
May 2024 Jun 2024 Jul 2024 Aug 2024 Sep 2024 Oct 2024 Nw 2024 Dec 2024 Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025
THE AIARQ RENTALS REVENUE (NET)
_ •CC -Rental -Revenue 0LH-RentaFRe nue \Sum Revenue LY
... ...t70Kd, F_ —
.... . .......... ■
40K
30K
20K
1AK
CK
May Jun 2024 Jul 2024 Aug Sep 2024 Ort 2024 Nw Dec 2024 Jan 2025 Feb 2C25 Mar Apr 2025 May
2024 2024 2024 2025 2025
May Jun 2024 Jul 2024 Aug Sep M24 Oct 2024 Nov Oet Jan 2025 Feb 2025 Mar Apr2025 May
2024 2024 2024 2024 W25 2025
CHA39IONS CLUB I EMBERSHIP TRENDS
4K
- - - 369 3730 3765 -
- 3634 3617 3664 3633 � 361
3537 3564 3587 3557
���33�583374�
3541
414 3447 3493 3485 3493
3K 3155 3236 3287
OK
3472 3476 3517 3565 3535 3583
Jan 2023 Jul 2023 Jan 2024 Jul 2024 Jan 2025
350
330
250
zoo
0
150
100
50
0
FY22
FY23
FY24
FY25
CC NEBIBERSHIPS CHANGES BY FISCAL YEAR & MONTH - JOINS
Fiscal Year } FY22 f FY23 f FY24 --W— FY25
2
4
6 8
10
12
Fiscal Month
JOINS
172
101
209
214
173 192 239 350 310
253 292
185
216
258
244
281
106 212 204 116 261
266 294
203
188
182
236
318
236 225 245 290 296
291 273
221
236
210
239
301
215 225 230
350
300
250
0
200
E
r
150
100
50
0
FY22
FY23
FY24
FY25
CC MEMBERSHIPS CHANGES BY FISCAL YEAR & MONTH - TERMS
Fiscal Year FY22 f FY23 f FY24 f FY25
2
4
6 8
10 12
Fiscal Month
TERMINATIONS
166
142
148
175
158 135 150 191
2231 197 231 230
206
191
131
213
201 171 175 240
236 253 320 263
197
134
130
229
253 200 258 241
261 252 357 377
294
205
1961
256
250 196 209
1000
83C
600
p
0
400
200
0
NIlX11-YEAR CC MENMERSHIPS ANALYSIS BY NIEMBERSHIP TYPE - JOINS l4 nn-YEAR CC MEMBERSHIPS ANALYSIS BY MEMBERSHIP TYPE - TERMINATIONS
•Adult •Family •Family No child Watch asenior •Youth •Adult 6Family 6Family No child Watch • Seri ior •Youth
• G)
q
a ; m m
w
800 r' `
m
I.
Ln
o m
w �
� m
o, w
Ln fi00 n m
Ln Ln
m
00
00
ip
o
m
400 m
ca
m
rn
m
FY25
FY23
JOINS
FY24
Adult 766
846
961
584
Family 599
677
660
316
Family No Child Watch 1006
965
892
480
Senior 274
313
316
198
Youth 193
191
184
89
Adult
Family
Family No Child Watch
Senior
Youth
FY23
TERIIINATIONS
921 536
676 351
934 483
2561 149
200I 87
m
m
v
n
m
FY25
MDENMERSHIPS BY TYPE
0 Fa m i IV No Child 'WatEh 0 Ad ult 0 Fa mi IV * Se nior 0 Youth
11.
21.85%
5. %
25.9
34,4-4
EXPERIENCE
SOUTHLAI<,.,.,E
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Three Year Revenue Comparison by Month
$-
OG
,ate
�OJ�
O�G�
r � �
ej
C PP
Fiscal Year 2023 Fiscal Year 2024 ■ Fiscal Year 2025
EXPERIENCE
SOUTHLAI<,.,.,E
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