Item 3B2 - Monthly Financial ReportReference
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MONTHLY FINANCIAL REPORT
January 2026
= Negative Variance of > 4% compared to seasonal trends.
Positive
Negative
PERFORMANCE AT A GLANCE
Year to Date 3 year Trend
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.
GENERAL FUND
PositiveGeneral Fund Exp. Vs. Rev.
Sales Tax Revenue (2 months prior activity)
Property Tax Revenue
Positive
Positive Positive
Positive
City of Southlake Monthly Financial Report 1 2/11/2026
National GDP:
Housing Starts:
Federal reporting on construction statistics was
delayed due to the government shutdown. December
2025 figures have not been published in the normal
Census Bureau New Residential Construction report
UNEMPLOYMENT RATES
4.3%
The Dallas/Fort Worth/Arlington Metropolitan Area
unemployment rate for December 2025 decreased
to 3.6% when compared to 4.0% in November 2025.
3.6%
State-wide:4.3%
The Texas Unemployment rate for December 2025
(preliminary) slightly increased to 4.3% from 4.2% in
November 2025.
DFW Area:
ECONOMIC INDICATORS
NATIONAL ECONOMY
FINANCIAL ACTIVITY4.4%
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 "updated" estimated GDP for the
3rd quarter of 2025 increased at a rate of 4.4%. In
the 2nd quarter of 2025, GDP increased at a rate of
3.8%.
The National Unemployment rate for January 2026
decreased to 4.3%, compared to 4.4% in December
2025.
National:
5 YEAR TREND OF NEW CONSTRUCTION PERMIT VALUES
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
2022*2023*2024*2025*2026*
Construction permit values*October-January
City of Southlake Monthly Financial Report 2 2/11/2026
GENERAL FUND
FY 2026
REVENUE
FY 2026
EXPENDITURE VARIANCE
Oct 658,832$ 4,794,054$ (4,135,222)$
Nov 2,584,279$ 3,902,817$ (1,318,538)$
Dec 7,660,757$ 4,371,726$ 3,289,031$
Jan 15,366,755$ 3,710,493$ 11,656,262$
Feb -$ -$ -$
Mar -$ -$ -$
Apr -$ -$ -$
May -$ -$ -$
Jun -$ -$ -$
Jul -$ -$ -$
Aug -$ -$ -$
Sep -$
Tot 26,270,623$ 16,779,090$ 9,491,533$
POSITIVE
FY 2026 FY 2025 FY 2024
Oct 2,090,232$ 1,792,542$ 1,639,596$
Nov 1,911,949$ 1,815,114$ 1,701,432$
Dec 2,832,105$ 2,552,523$ 2,383,801$
Jan -$ 1,722,503$ 1,643,095$
Feb -$ 1,470,957$ 1,458,994$
Mar -$ 1,961,273$ 1,859,641$
Apr -$ 1,828,118$ 1,749,381$
May -$ 1,836,616$ 1,660,932$
Jun -$ 1,837,179$ 1,777,233$
Jul -$ 1,806,454$ 1,653,109$
Aug 1,717,354$ 1,710,382$
Sep 1,889,172$ 1,690,978$
Tot 6,834,286$ 22,229,805$ 20,928,572$
GENERAL FUND REVENUE VS EXPENDITURES 2026
OVERALL FUND PERFORMANCE:
REVENUE ANALYSIS
GENERAL FUND SALES TAX 2026-2024 COMPARISON
CHART OUTLOOK:
CHART OUTLOOK:
Year-to-date revenue is trending below budget. Staff will continue to monitor revenue and expenditures closely.
Year-to-date collections are trending higher than FY 2025 (10.9%)and FY 2024 (19.4%)collections.December 2025 sales are higher than December 2024 (11.0%)and December 2023 (18.8%)collections.Year-to-
date collections are above budget for the year, so the outlook is considered positive. Staff will continue to monitor collections closely.
POSITIVE
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
FY 2026 FY 2025 FY 2024
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2026 REVENUE FY 2026 EXPENDITURE 2025 EXPEND.
City of Southlake Monthly Financial Report 3 2/11/2026
GENERAL FUND
FY 2026 FY 2025 FY 2024
Oct 312,284$ 415,744$ 577,913$
Nov 2,105,365$ 2,389,817$ 2,012,904$
Dec 4,884,201$ 4,489,786$ 8,236,314$
Jan 12,750,099$ 14,130,006$ 10,376,818$
Feb -$ 5,620,386$ 5,623,897$
Mar -$ 640,868$ 532,180$
Apr -$ 295,560$ 257,466$
May -$ 205,571$ 198,604$
Jun -$ 460,606$ 516,677$
Jul *-$ (1,089,408)$ (1,139,094)$
Aug -$ 107,845$ 88,418$
Sep -$ 21,654$ 16,945$
Tot 20,051,949$ 27,688,435$ 27,299,042$
POSITIVE
FY 2026 FY 2025 FY 2024
Oct 119,457$ 332,221$ 110,053$
Nov 129,258$ 121,292$ 284,653$
Dec 143,697$ 104,932$ 69,759$
Jan 119,083$ 133,336$ 90,986$
Feb -$ 145,396$ 93,595$
Mar -$ 135,536$ 226,182$
Apr -$ 137,408$ 121,572$
May -$ 192,289$ 198,453$
Jun -$ 152,593$ 159,935$
Jul -$ 124,896$ 135,053$
Aug -$ 112,085$ 100,564$
Sep 117,989$ 156,642$
Tot 511,495$ 1,809,973$ 1,747,447$
PERMIT REVENUE 2026-2024 COMPARISON
CHART OUTLOOK:
REVENUE ANALYSIS (continued)
PROPERTY TAX 3 YEAR TREND
CHART OUTLOOK:
As of January,the 2026 YTD property tax collections ($20,051,949)are lower than 2025 YTD ($24,425,353)and FY 2024 YTD ($21,203,949),approximately 6.41%and 5.43%,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.
* Net transfer of TIF revenues to
TIF fund
The value of new construction permits ($26.3M+)issued for FY 2026 YTD is approximately 62.2%and 77.4%less than in FY 2025 and FY 2024,respectively.FY 2026 YTD permit revenue is 26.1%and 7.9%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.
POSITIVE
$(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 2026 FY 2025 FY 2024
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY 2026 FY 2025 FY 2024
City of Southlake Monthly Financial Report 4 2/11/2026
FY 2026 ACTUAL
YTD (JANUARY)
FY 2025 ACTUAL
YTD (JANUARY)
FY 2026 BUDGET
YTD (JANUARY)FY 2025 % SPENT
381,411$ 354,674$ 475,414$ 80.23%
345,018$ 342,937$ 390,391$ 88.38%
1,918,012$ 2,002,646$ 2,653,624$ 72.28%
176,136$ 181,548$ 273,193$ 64.47%
7,457,403$ 7,193,238$ 11,755,663$ 63.44%
128,688$ 164,320$ 182,068$ 70.68%
1,079,071$ 1,089,775$ 1,119,003$ 96.43%
203,343$ 210,568$ 386,100$ 52.67%
1,493,775$ 1,357,150$ 2,087,210$ 71.57%
746,468$ 726,063$ 947,394$ 78.79%
1,464,429$ 1,578,842$ 2,261,794$ 64.75%
1,385,336$ 1,163,549$ 1,601,628$ 86.50%
16,779,090$ 16,365,310$ 24,133,482$ 69.53%
EXPENDITURE ANALYSIS
POSITIVE
136,625$
97,057$
4,298,260$
53,380$
39,932$
182,757$
593,435$
CSO
DPS
ED
FIN
HR
IT
DEPARTMENTAL EXPENDITURES SUMMARY
2,081$ 45,373$ COMM
BUDGET VARIANCE
94,003$
735,612$
20,405$
(114,413)$
221,787$
413,780$
As indicated above,2026 expenditures are higher than 2025 expenditures for the same period,with a increase of 2.5%primarily due to compensation changes for the year.The outlook is positive,as expenditures are
on pace to be within budgeted expenditures for the fiscal year.
FY 2025/2026 YTD
VARIANCE
26,737$
(84,634)$
(5,412)$
264,165$
(35,632)$
(10,704)$
SS
Totals
PW
CMO
CS
7,354,392$
CHART OUTLOOK:
216,292$
797,365$
(7,225)$
200,926$ PDS
$-
$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 2026 ACTUAL YTD (JANUARY)FY 2025 ACTUAL YTD (JANUARY)FY 2026 BUDGET YTD (JANUARY)
City of Southlake Monthly Financial Report 5 2/11/2026