Item 3B2 - Monthly Financial ReportCITY OF
S0UTHLA1<,..-E
0
MONTHLY FINANCIAL
REPORT
December 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 1/13/2026
ECONOMIC INDICATORS
NATIONAL ECONOMY
FINANCIAL ACTIVITY
National GDP: h4.
GDP is defined as thee output of goodsds and services
produced by labor and property located in the United
States, The Bureau of Labor and Economic Analysis
reported that the "initial' estimated GDP for the 3rd
5 YEAR TREND OF • •
$90,000,000
quarter of 2025 increased at a rate of 4.3%. In the
2nd quarter of 2025, GDP increased at a rate of
3.8%.
$80,000,000
Housing Starts:
$70,000,000
Federal reporting on construction statistics was
delayed due to the government shutdown. November
2025 figures have not been published in the normal
$60,000,000
Census Bureau New Residential Construction report
UNEMPLOYMENT RATES
$50,000,000
$40,000,000
National: 4.4%
The National Unemployment rate for December
2025 decreased to 4.4%, compared to 4.5% in
$30,000,000
November 2025.
$20,000,000
State-wide: 4.2%
The Texas Unemployment rate for November 2025
(preliminary) slightly increased to 4.2% from 4.1 % in
$10,000,000
September 2025. October numbers are not available
due to the government shutdown.
$_
2022*
2023* 2024* 2025* 2026*
DFW Area: 1/ 4.2%
The Dallas/Fort Worth/Arlington Metropolitan Area
*October -December
■ Construction permit values
unemployment rate for September 2025 decreased
to 4.2% when compared to 4.4% in August 2025.
October and November numbers are not available
due to government shutdown.
City of Southlake Monthly Financial Report 2 1/13/2026
GENERAL FUND
OVERALL FUND PERFORMANCE:
GENERAL FUND REVENUE VS EXPENDITURES 2026
FY 2026 FY 2026
FY 2026 REVENUE FY 2026 EXPENDITURE
2025 EXPEND.
REVENUE EXPENDITURE
VARIANCE
Oct $ 660,833 $ 4,794,054
$
(4,133,221)
$9,000,000
Nov $ 2,584,279 $ 3,902,817
$
(1,318,538)
$8,000,000
Dec $ 7,660,757 $ 4,228,283
$
3,432,474
Jan $ - $ -
$
$7,000,000
Feb $ $
$
$6,000,000
Mar $ $
$
Apr $ $
$
$5,000,000
May $ $
$
$4,000,000
—
Jun $ $
$
Jul $ - $ _
$
_
$3,000,000
Aug $ $
$
$2,000,000
Sep
$
Tot $ 10,905,869 $ 12,925,154
$
(2,019,285)
$1,000,000
$-
CHART OUTLOOK: POSITIVE
Oct Nov Dec Jan Feb Mar Apr
May Jun Jul Aug Sep
Year-to-date revenue is trending below budget. Staff will continue to monitor revenue and expenditures closely.
REVENUE ANALYSIS
GENERAL FUND SALES TAX 2026-2024 COMPARISON
FY 2026 FY 2025
FY 2024
FY 2026 FY 2025 FY 2024
Oct $ 2,090,232 $ 1,792,542
$
1,639,596
$3,000,000
Nov $ 1,911,949 $ 1,815,114
$
1,701,432
Dec $ - $ 2,552,523
$
2,383,801
$2,500,000
Jan $ - $ 1,722,503
$
1,643,095
Feb $ $ 1,470,957
$
1,458,994
$2,000,000
Mar $ - $ 1,961,273
$
1,859,641
_
Apr $ $ 1,828,118
$
1,749,381
$1,500,000
May $ - $ 1,836,616
$
1,660,932
Jun $ $ 1,837,179
$
1,777,233
$1,000,000
Jul $ - $ 1,806,454
$
1,653,109
Aug $ 1,717,354
$
1,710,382
$500,000
Sep $ 1,889,172
$
1,690,978
Tot $ 4,002,181 $ 22,229,805
$
20,928,572
$-
Oct Nov Dec Jan Feb Mar Apr
May Jun Jul Aug Sep
CHART OUTLOOK: POSITIVE
Year-to-date collections are trending higher than FY 2025
(10.9%) and FY 2024 (19.8%) collections. November 2025 sales are higher than November 2024
(5.3%) and November 2023 (12.4%) 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 1/13/2026
GENERAL FUND
REVENUE ANALYSIS (continued)
PROPERTY TAX 3 YEAR TREND
FY 2026
FY 2025 FY 2024 ■ FY 2026 ■ FY 2025 FY 2024
Oct $ 312,284
$ 415744 $ 577913 $16,000,000
Nov $ 2,105,365
$ 2,389:817 $ 2,012:904 $14,000,000
Dec $ 4,884,201
$ 4,489,786 $ 8,236,314 $12,000,000
Jan $ -
$ 14,130,006 $ 10,376,818 $10,000,000
Feb $
$ 5,620,386 $ 5,623,897
Mar $ -
$ 640,868 $ 532,180 $5,000,000
Apr $
$ 295,560 $ 257,466 $6,000,000
May $ -
$ 205,571 $ 198,604 $4,000,000
Jun $
$ 460,606 $ 516,677 $2,000,000
Jul * $ -
$ (1,089,408) $ (1,139,094) $- -
Aug $ -
$ 107,845 $ 88,418 $(2,000,000) Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Sep $
$ 21,654 $ 16,945
Tot $ 7,301,850
$ 27,688,435 $ 27,299,042
* Net transfer of TIF revenues to
CHART OUTLOOK:
POSITIVE TIF fund
As of December, the 2026 YTD property tax collections ($7,301,850) are slightly higher than 2025 YTD ($7,295,347) approximately 32.6% lower than 2024 YTD ($10,827,131). 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 slightly below budget.
PERMIT REVENUE 2024-2022 COMPARISON
FY 2026
FY 2025 FY 2024
� FY 2026 � FY 2025 FY 2024
Oct $ 119,457
$ 332,221 $ 110,053 $350,000
Nov $ 129,258
$ 121,292 $ 284,653
Dec $ 143,697
$ 104,932 $ 69,759 $300,000
Jan $ -
$ 133,336 $ 90,986
Feb $
$ 145,396 $ 93,595 $250,000
Mar $ -
$ 135,536 $ 226,182
Apr $
$ 137,408 $ 121,572 $200,000
May $ -
$ 192,289 $ 198,453
Jun $
$ 152,593 $ 159,935 $150,000
ILI
Jul $ -
$ 124,896 $ 135,053 $100,000
Aug $ $
112,085 $ 100,564
Sep
$ 117,989 $ 156,642 $50,000
Ir"
Tot $ 392,412 $
1,809,973 $ 1,747,447
CHART OUTLOOK:
POSITIVE
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
The value of new construction permits ($19.5M+) issued for FY 2026 YTD is approximately 66.8% and 139.3% less than in FY 2025 and FY 2024, respectively. FY 2026 YTD permit revenue is 29.7% and 15.5% lower
than in FY 2025 and 2024, respectively. The permit revenue year to date is trending slightly above budget, so the outlook is considered positive.
City of Southlake Monthly Financial Report 4 1/13/2026
EXPENDITURE ANALYSIS
DEPARTMENTAL EXPENDITURES SUMMARY
FY 2026 ACTUAL
FY 2025 ACTUAL
FY 2026 BUDGET
FY
2025/2026 YTD
YTD (DECEMBER)
YTD (DECEMBER)
YTD
(DECEMBER)
VARIANCE
BUDGET VARIANCE
FY 2025 % SPENT
CMO
$ 282,035
$
262,809
$
339,584
$
19,226
$ 57,549
83.05%
COMM
$ 284,400
$
286,408
$
337,896
$
(2,008)
$ 53,496
84.17%
CS
$ 1,463,243
$
1,550,120
$
2,117,782
$
(86,877)
$ 654,539
69.09%
CSO
$ 138,027
$
139,460
$
194,905
$
(1,433)
$ 56,878
70.82%
DPS
$ 5,564,746
$
4,626,642
$
8,386,759
$
938,104
$ 2,822,013
66.35%
ED
$ 97,830
$
112,677
$
156,754
$
(14,847)
$ 58,924
62.41%
FIN
$ 852,262
$
837,653
$
787,689
$
14,609
$ (64,573)
108.20%
HR
$ 152,923
$
155,152
$
284,811
$
(2,229)
$ 131,888
53.69%
IT
$ 1,243,043
$
922,906
$
1,738,443
$
320,137
$ 495,400
71.50%
PDS
$ 545,876
$
541,759
$
731,227
$
4,117
$ 185,351
74.65%
PW
$ 1,032,225
$
1,077,150
$
1,704,108
$
(44,925)
$ 671,883
60.57%
SS
$ 1,268,544
$
1,060,835
$
1,236,023
$
207,709
$ (32,521)
102.63%
Totals
$ 12,925,154
$
11,573,571
$
18,015,981
$
1,351,583
$ 5,090,827
71.74%
FY
2026 ACTUAL YTD (DECEMBER) FY 2025 ACTUAL YTD (DECEMBER)
FY 2026 BUDGET YTD (DECEMBER)
$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
A'r\
$--
1'/
COMM
CS
CSO
DPS
ED FIN
HR IT PDS PW SS
CHART OUTLOOK:
POSITIVE
As indicated above, 2026 expenditures are higher than 2025 expenditures for the same period,
with a increase of 11.7% primarily due to the timing of contract payments. 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 1/13/2026