Item 3B3 - Monthly Financial ReportReference
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GENERAL FUND
PositiveGeneral Fund Exp. Vs. Rev.
Sales Tax Revenue (2 months prior activity)
Property Tax Revenue
Positive
Positive Positive
Positive
Positive
PERFORMANCE INDICATORS
Positive
Warning
Permit Revenues
Positive Positive
Departmental Expenditures Summary Positive
= Negative variance of 1-4% compared to seasonal trends
= Positive variance or negative variance <1% compared to seasonal trends.
PERFORMANCE AT A GLANCE
Year to Date 3 year Trend
Negative
MONTHLY FINANCIAL REPORT
September 2025 v2
= Negative Variance of > 4% compared to seasonal trends.
Positive
City of Southlake Monthly Financial Report 1 11/12/2025
National GDP:
ECONOMIC INDICATORS
NATIONAL ECONOMY
FINANCIAL ACTIVITY3.8%
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 "third" estimated GDP for the 2nd
quarter of 2025 increased at a rate of 3.8%. In the
1st quarter of 2025, GDP decreased at a rate of
0.6%.
The National Unemployment rate for August 2025
slightly increased to 4.3% when compared to 4.2% in
July 2025.
National:
5 YEAR TREND OF NEW CONSTRUCTION PERMIT VALUES
Housing Starts:
Single-family starts in August 2025 were at a
seasonally adjusted rate of 890,000, 7.0% below the
previous month's figure in July.
7.00%
UNEMPLOYMENT RATES
4.3%
The Dallas/Fort Worth/Arlington Metropolitan Area
unemployment rate for August 2025 (preliminary)
increased to 4.4% when compared to 4.0% in July
2025.
4.4%
State-wide:4.1%
The Texas Unemployment rate for August 2025
(preliminary) increased slightly to 4.1% when
compared to 4.0% in July 2025.
DFW Area:
$-
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
$140,000,000
$160,000,000
$180,000,000
$200,000,000
2021*2022*2023*2024*2025*
Construction permit values*October-May
City of Southlake Monthly Financial Report 2 11/12/2025
GENERAL FUND
FY 2025
REVENUE
FY 2025
EXPENDITURE VARIANCE
Oct 995,965$ 3,045,596$ (2,049,631)$
Nov 2,899,854$ 4,712,733$ (1,812,879)$
Dec 6,811,678$ 4,042,253$ 2,769,425$
Jan 16,742,515$ 4,736,543$ 12,005,972$
Feb 9,551,595$ 4,119,025$ 5,432,570$
Mar 3,025,087$ 3,771,340$ (746,253)$
Apr 2,459,629$ 4,233,724$ (1,774,095)$
May 3,880,915$ 5,043,930$ (1,163,015)$
Jun 2,976,792$ 3,851,863$ (875,071)$
Jul 1,574,060$ 3,776,435$ (2,202,375)$
Aug 3,216,266$ 3,806,397$ (590,131)$
Sep 2,373,001$ 6,394,355$ (4,021,354)$
Tot 56,507,357$ 51,534,194$ 4,973,163$
POSITIVE
FY 2025 FY 2024 FY 2023
Oct 1,792,542$ 1,639,596$ 1,814,981$
Nov 1,815,114$ 1,701,432$ 1,813,575$
Dec 2,552,523$ 2,383,801$ 2,507,299$
Jan 1,722,503$ 1,643,095$ 1,539,514$
Feb 1,470,957$ 1,458,994$ 1,436,621$
Mar 1,961,273$ 1,859,641$ 1,836,177$
Apr 1,828,118$ 1,749,381$ 1,708,466$
May 1,836,616$ 1,660,932$ 1,745,742$
Jun 1,837,179$ 1,777,233$ 1,819,551$
Jul 1,806,454$ 1,653,109$ 1,620,652$
Aug 1,717,354$ 1,710,382$ 2,618,139$
Sep 1,889,172$ 1,690,978$ 1,968,439$
Tot 22,229,805$ 20,928,572$ 22,429,154$
POSITIVE
Year-to-date collections are trending higher than FY 2024 (6.2%)and slightly lower than FY 2023 (0.9%)collections.September 2025 sales are higher than those in September 2024 (11.7%)but lower than those in
September 2023 (4.0%).Year-to-date collections exceed the original adopted budget for the year;therefore,the final amended budget includes increased sales tax revenue.The outlook is considered positive.Staff
will continue to closely monitor collections.
GENERAL FUND REVENUE VS EXPENDITURES 2025
OVERALL FUND PERFORMANCE:
REVENUE ANALYSIS
GENERAL FUND SALES TAX 2025-2023 COMPARISON
CHART OUTLOOK:
CHART OUTLOOK:
The outlook for the year is positive as overall revenues and expenditures are on target with the final amended budget. The expenditures exceed revenues by almost $5.0 million.
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
FY 2025 FY 2024 FY 2023
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2025 REVENUE FY 2025 EXPENDITURE 2024 EXPEND.
City of Southlake Monthly Financial Report 3 11/12/2025
GENERAL FUND
FY 2025 FY 2024 FY 2023
Oct 415,744$ 577,913$ 380,169$
Nov 2,389,817$ 2,012,904$ 2,011,080$
Dec 4,489,786$ 8,236,314$ 4,964,620$
Jan 14,130,006$ 10,376,818$ 12,756,146$
Feb 5,620,386$ 5,623,897$ 6,290,070$
Mar 640,868$ 532,180$ 560,775$
Apr 295,560$ 257,466$ 221,968$
May 205,571$ 198,604$ 158,917$
Jun 460,606$ 516,677$ 502,789$
Jul *(1,089,408)$ (1,139,094)$ (1,226,605)$
Aug 107,845$ 88,418$ 69,910$
Sep 21,654$ 16,945$ 41,259$
Tot 27,688,435$ 27,299,042$ 26,731,098$
POSITIVE
FY 2025 FY 2024 FY 2023
Oct 332,221$ 110,053$ 137,332$
Nov 121,292$ 284,653$ 118,803$
Dec 104,932$ 69,759$ 88,212$
Jan 133,336$ 90,986$ 231,884$
Feb 145,396$ 93,595$ 249,097$
Mar 135,536$ 226,182$ 98,675$
Apr 137,408$ 121,572$ 77,670$
May 192,289$ 198,453$ 187,731$
Jun 152,593$ 159,935$ 143,738$
Jul 124,896$ 135,053$ 92,872$
Aug 112,085$ 100,564$ 136,528$
Sep 117,989$ 156,642$ 157,382$
Tot 1,809,973$ 1,747,447$ 1,719,924$
POSITIVE
FY 2025 year-to-date property tax collections ($27,688,435)are approximately 1.4%and 3.6%higher than the 2024 YTD ($27,299,042)and 2023 YTD ($26,731,098),respectively.As indicated on the chart,the
majority of the property tax revenue is collected in the second quarter of the fiscal year. FY 2025 collections are slightly higher than the final amended budget of $27,487,889.
* Net transfer of TIF revenues to
TIF fund
The value of new construction permits ($180.0M+)issued for FY 2025 YTD is approximately 10.4%and 24.9%higher than in FY 2024 and FY 2023,respectively.FY 2025 YTD permit revenue is 3.6%and 5.2%
higher than in FY 2024 and 2023, respectively. The permit revenue exceeds the budget, so the outlook is considered positive.
PERMIT REVENUE 2024-2022 COMPARISON
CHART OUTLOOK:
REVENUE ANALYSIS (continued)
PROPERTY TAX 3 YEAR TREND
CHART OUTLOOK:
$(2,000,000)
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
Oct Nov Dec Jan Feb Mar Apr May Jun Jul *Aug
FY 2025 FY 2024 FY 2023
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2025 FY 2024 FY 2023
City of Southlake Monthly Financial Report 4 11/12/2025
FY 2025 ACTUAL
YTD (SEPTEMBER)
FY 2024 ACTUAL
YTD (SEPTEMBER)
AMENDED
FY 2025 BUDGET
YTD
(SEPTEMBER)FY 2025 % SPENT
1,220,634$ 1,226,422$ 1,282,875$ 95.15%
851,068$ 728,462$ 905,509$ 93.99%
6,829,133$ 7,254,123$ 7,287,078$ 93.72%
624,869$ 621,990$ 672,400$ 92.93%
23,693,152$ 22,709,370$ 24,131,839$ 98.18%
470,712$ 439,279$ 583,626$ 80.65%
3,153,369$ 3,086,368$ 3,294,580$ 95.71%
750,966$ 889,043$ 924,739$ 81.21%
3,677,624$ 3,314,137$ 4,289,173$ 85.74%
2,424,708$ 2,481,778$ 2,665,760$ 90.96%
5,561,567$ 5,703,869$ 6,008,180$ 92.57%
2,276,392$ 2,529,005$ 2,444,092$ 93.14%
51,534,194$ 50,983,846$ 54,489,851$ 94.58%2,955,657$
CHART OUTLOOK:
167,700$
446,613$
(138,077)$
241,052$ PDS
BUDGET VARIANCE
62,241$
457,945$
(57,070)$
(142,302)$
(252,613)$
550,348$
As indicated above,2025 expenditures are higher than those in 2024 for the same period,with an increase of 1.0%.There are still outstanding expenditures for the fiscal year that will be posted over the next couple of
weeks. The outlook is positive, as expenditures are expected to fall within the budgeted amount for the fiscal year.
FY 2024/2025 YTD
VARIANCE
(5,788)$
(424,990)$
2,879$
983,782$
31,433$
67,001$
SS
Totals
PW
CMO
CS
363,487$
47,531$
438,687$
112,914$
141,211$
173,773$
611,549$
CSO
DPS
ED
FIN
HR
IT
DEPARTMENTAL EXPENDITURES SUMMARY
122,606$ 54,441$ COMM
EXPENDITURE ANALYSIS
POSITIVE
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
CMO COMM CS CSO DPS ED FIN HR IT PDS PW SS
FY 2025 ACTUAL YTD (SEPTEMBER)FY 2024 ACTUAL YTD (SEPTEMBER)AMENDED FY 2025 BUDGET YTD (SEPTEMBER)
City of Southlake Monthly Financial Report 5 11/12/2025
The Marq Financial Review
October 28, 2025
CEDC FINANCIAL DASHBOARD I0,I,2024 9/30/2025
=CR excludes 115580-60"accounts as of-- I(Y2812025 1137 AM CD
MARQ CC LH NET REVENUE:CURRENT&PREVIOUS YEAR
OCR•LHR—Total Revenue LY
142.65% � 4"
50K
300K
200K
64.00% 103.03% 70,00% 102-29% 37.00% 11516%
Target ATT Target ATT Target ATT
]00K
4.50M 6.83M 3.93M 5.49M 569A0K 1.34M
Rereme Expense R.,enue Expense Revenue Expense OK
.-.--- ... .. .. ..
Dct 2024 Nov 2024 Dec 2024 Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025
THE MARQ MEMBERSHIP REVENUE(NET) THE AL4RQ RENTALS RE-MaE(NET)
at CC-Rental-Re nue•lH-Rental-Revenue 0 Sum Revenue LY
250K
80K
200K .. ... .....
fix
150K .. ... .....
40K.....
I"
20K
50K
0K CK
Oct 2024 Nov Dec 2024 Jan 2025 Feb 2025 Mar Apr 2025 May Jun 2025 Jul 2025 Aug Sep 2025 Oct 2025 Oct 2024 Nov Dec Jan 2025 Feb 2025 Mar Apr 2025 May Jun 2025 Jul 2025 Aug Sep 2025 Oct 2025
2024 2025 2025 2025 2024 2024 2C25 2025 2025
CHAMPIONS CLU 10IBERSHIP TRENDS
aK
369� 373a 375 3574 .............................
3534 3517 35b4 3633 1555 3535 3583 3579 3583 3574 3571 3551
493 3485 3493 3541 3525 3472 347 517
3K
2K
1K
OK
Or 2023 Jan 2024 Apr 2024 Jul 2024 Od 2024 Jan 2025 Apr 2025 Jul 2025
CC.11E-11BERSHIPS CHANGES BY FISC.4LYEAR&_1IONTH-JOINS CC DZEMBERSHH°S CHANGES BY FISC.4LYEAR&MONTH-TERMS
Fscal Year FY22 f FY23 f FY24 f FY25 Fscal Year FY22 f FY23 FUL f FY25
350
350
300
300
250
250
200
230
'o
E
150 F
150
�r
100 100
50 50
0 0
2 4 6 10 12 2 4 6 8 10 12
Fiscal Month Fiscal Month
JOINS TEFMMATIONS
8
FY22 172 205 2091 254 173 192 239 350 310 253 292 185 FY22 166 1421 148 175 158 135 150 191 2231 197 2311 230
FY23 216 25B 2441 286 206 212 204 326 268 266 294 203 FY23 206 1911 181 213 201 171 175 240 236 253 3201 263
FY24 138 182 236 318 236 225 245 29D 296 291 273 221 FY24 197 184 180 229, 253 20D 258 241 261 252 357 377
FY25 236 210 239' 301 215 225 230 253 2271 239 2451 202 FY25 294 2051 196 2561 250 196 209 257 233 256 263 263
m
NIULTI-YEAR CC NIENMERSHIPS ANALYSIS BY MEMBERSHEP TYPE-JOINS MULTI-YEAR CC Al[EMBERSHIPS kNALYSIS BY M ENMERSHIP TYPE-TERNIINATIONS
*Adult 2Family 0Family No Child Watch Senior 4Youth (Adult 0Family 0FamilyNo Child Watch 0Senior 0Youth
1000 m
N
m m ' m
m m
x N M1 ti
w 800 r. n
3v — m
n
O Ln
I m
� co
u°i 500 N
600 n —
p �
E smi
� m
400
400 m
n Ln
N N N
kc N O
c kc r,
fl 0
200 2
�
0 0
FY22 FY23 FY24 FY25 FY22 FY23 F%;
JOINS TERMNiATIONS
Adult 766 846 961 959 Adult 635 773 121 111
Family 599 677 660 577 Family 393 568 676 641
Family No Child Watch 1006 965 892 821 Family No Child Watch 773 874 934 853
senior 274 313 316 319 senior 169 2541 256 272
Youth 1981 191 1941 164 Youth 176 182 200 161
MDENMERSMPS BY TYPE
0 Fa m i ly No Child Watch 0 Ad utt 8 Family 0 Se nicer 0 Youth
11.52%
34.11
22.32
Sales Tax Update
Sales Tax Collections
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
Three Year Revenue Comparison by Month
Fiscal Year 2023 Fiscal Year 2024 Fiscal Year 2025
Questions?