CM Report 3B-3 Monthly Financial ReportCM Report 3B-3
CITY OF
S0UTHLA1<.,.,E
MONTHLY FINANCIAL
REPORT
August2025
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 9/10/2025
ECONOMIC INDICATORS
NATIONAL ECONOMY
National GDP: e 3.3%
GDP is defined as the output of goods and services
produced by labor and property located in the United
States, The Bureau of Labor and Economic Analysis
reported that the "second" estimated GDP for the
2nd quarter of 2025 increased at a rate of 3.3%. In $200,000,000
the 1st quarter of 2025, GDP decreased at a rate of
0.5%. $180,000,000
Housing Starts. 2.8% $160,000,000
Single-family starts in July 2025 were at a $140,000,000
seasonally adjusted rate of 939,000, 2.8% above the
previous month's figure in June. $120,000,000
UNEMPLOYMENT RATES $100,000,000
National: lkl�l 4.3% $80,000,000
The National Unemployment rate for August 2025 $60,000,000
slightly increased to 4.3% when compared to 4.2% in
July 2025.
$40,000,000
State-wide: 4.0%
The Texas Unemployment rate for July 2025 $20,000,000
(preliminary) remained unchanged at 4.0% when
compared to June 2025. $-
FINANCIAL ACTIVITY
V Area: V 4.0% 2021* 2022* 2023* 2024* 2025*
Dallas/Fort Worth/Arlington Metropolitan Area *October -May ■ Construction permit values
nployment rate for July 2025 (preliminary)
rased to 4.0% when compared to 3.8% in June
City of Southlake Monthly Financial Report 2 9/10/2025
M
M M M M M M M M M M M M M M M M M M M M M M M M M M
M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M
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
$ 5,043,930
$
(1,163,015)
$8,000,000
Jun $ 2,976,792
$ 3,851,863
$
(875,071)
Jul $ 1,574,060
$ 3,776,435
$
(2,202,375)
$6,000,000
Aug $ 3,216,266
$ 3,739,756
$
(523,490)
$4,000,000 —
Sep
$
Tot $ 54,134,356
$ 45,073,198
$
9,061,158
$2,000,000
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 the budget. The expenditures are higher than revenues by almost $9.1 M.
REVENUE ANALYSIS
GENERAL FUND SALES TAX 2025-2023 COMPARISON
FY 2025
FY 2024
FY 2023
ri 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 $ 1,836,616
$ 1,660,932
$
1,745,742
Jun $ 1,837,179
$ 1,777,233
$
1,819,551
$1,000,000
Jul $ 1,806,454
$ 1,653,109
$
1,620,652
Aug $ -
$ 1,710,382
$
2,618,139
$500,000
Sep $ -
$ 1,690,978
$
1,968,439
Tot $ 18,623,279
$ 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
(6.3%) and FY 2023 (4.4%) collections. July 2025 sales are higher than July 2024 (9.3%) and July 2023 (11.5%) collections. Year-to-date collections are above
budget for the year therefore the outlook is considered positive. Staff will continue to monitor collections closely.
City of Southlake Monthly Financial Report 3 9/10/2025
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
Mar
$ 640,868
$ 532,180 $ 560,775 $8,000,000
Apr
$ 295,560
$ 257,466 $ 221,968 $6,000,000
May
$ 205,571
$ 198,604 $ 158,917 $4,000,000
Jun
$ 460,606
'
$ 516,677 $ 502,789 $2,000,000
Jul *
$ (1,089,408)
$ (1,139,094) $ (1,226,605) $-
Aug
$ 107,845
$ 88,418 $ 69,910 $(2,000,000) Oct Nov Dec Jan Feb Mar Apr May Jun Ju Aug
Sep
$ -
$ 16,945 $ 41,259
Tot
$ 27,666,781
$ 27,299,042 $ 26,731,098
Net transfer of TIF revenues to
CHART
CHART
OUTLOOK]
OUTLOOK:
POSITIVE*
POSITIVE
TIF fund
As of August, the 2025 YTD property tax collections ($27,666,781) are approximately 1.4% and 3.7% higher than the 2024 YTD ($27,282,097) and 2023 YTD ($26,689,839), 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, and the proper budget amendment will be proposed during the budget process.
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
$ 152,593
$ 159,935 $ 143,738 $150,000
-
Jul
$ 124,896
$ 135,053 $ 92,872
Aug
$ 112,085
$ 100,564 $ 136,528 $100,000
Sep
$ 156,642 $ 157,382 $50,000
Tot
$ 1,691,984
$ 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 ($173.OM+) issued for FY 2025 YTD is approximately 11.9% and 32.1% higher than in FY 2024 and FY 2023, respectively. FY 2025 YTD permit revenue is 6.4% and 8.3% 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 9/10/2025
EXPENDITURE ANALYSIS
DEPARTMENTAL EXPENDITURES SUMMARY
FY 2025 ACTUAL
FY 2024 ACTUAL
FY 2025 BUDGET
FY
2024/2025 YTD
YTD (AUGUST)
YTD
(AUGUST)
YTD (AUGUST)
VARIANCE
BUDGET VARIANCE
FY 2025 % SPENT
CIVIC)
$
1,065,655
$
1,079,183
$
1,180,089
$
(13,528)
$
114,434
90.30%
COMM
$
760,409
$
644,129
$
843,768
$
116,280
$
83,359
90.12%
CS
$
5,934,036
$
6,384,315
$
6,887,112
$
(450,279)
$
953,076
86.16%
CSO
$
540,725
$
537,631
$
626,048
$
3,094
$
85,323
86.37%
DPS
$
20,643,792
$
20,090,145
$
22,381,367
$
553,647
$
1,737,575
92.24%
ED
$
420,520
$
373,992
$
525,008
$
46,528
$
104,488
80.10%
FIN
$
2,796,322
$
2,724,911
$
3,029,743
$
71,411
$
233,421
92.30%
HR
$
656,861
$
792,435
$
960,394
$
(135,574)
$
303,533
68.39%
IT
$
3,391,510
$
2,953,383
$
4,198,017
$
438,127
$
806,507
80.79%
PDS
$
2,118,793
$
2,185,647
$
2,463,794
$
(66,854)
$
345,001
86.00%
PW
$
4,816,600
$
4,845,178
$
5,499,861
$
(28,578)
$
683,261
87.58%
SS
$
1,927,975
$
2,211,579
$
2,299,540
$
(283,604)
$
371,565
83.84%
Totals
$
45,073,198
$
44,822,528
$
50,894,741
$
250,670
$
5,821,543
88.56%
FY
2025 ACTUAL YTD (AUGUST)
FY 2024 ACTUAL YTD (AUGUST)
FY 2025 BUDGET YTD (AUGUST)
$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
$-
CMO
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 0.56%. 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 9/10/2025