Item 3B-1 Monthly Financial Report Item 3131
CITY OF
S0UTHLA1<,..-E
0
MONTHLY FINANCIAL REPORT
August 2026
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 9/9/2026
ECONOMIC INDICATORS
NATIONAL ECONOMY
National GDP: h 1. s FINANCIAL ACTIVITY
GDP is defined as thee 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 5 YEAR TREND OF • •
2nd quarter of 2026 increased at a rate of 1.5%.In $180,000,000
the 1st quarter of 2026,GDP increased to a rate of
2.1%.
$160,000,000
Housing Starts: 9.90%
$140,000,000
Single-family housing starts in July 2026 were at a
seasonally adjusted rate of 808,000,down 9.9% $120,000,000
from the revised June figure of 897,000.
UNEMPLOYMENT RATES $100,000,000
National: V 4.1% $80,000,000
The National Unemployment rate for August 2026
remained unchanged at 4.1%when compared to $60,000,000
July 2026.
State-wide: 4.4% $40,000,000
The Texas Unemployment rate for July 2026 $20,000,000
(preliminary)shows a slight increase to 4.5%,up
from June 2026 at 4.4%.
DFW Area• 4.6% 2022* 2023* 2024* 2025* 2026*
*October-July ■Construction permit values
The Dallas/Fort Worth/Arlington Metropolitan Area
unemployment rate for July 2026 decreased to 4.6%
from 4.7%in June 2026.
City of Southlake Monthly Financial Report 2 9/9/2026
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 $ 636,258 $ 4,794,258 $ (4,158,000) $18,000,000
Nov $ 2,561,295 $ 3,902,817 $ (1,341,522) $16,000,000
Dec $ 7,631,235 $ 4,371,726 $ 3,259,509
Jan $ 15,423,225 $ 3,803,387 $ 11,619,838 $14,000,000
Feb $ 11,349,792 $ 4,138,303 $ 7,211,489 $12,000,000
Mar $ 3,196,501 $ 4,412,803 $ (1,216,302)
Apr $ 2,454,592 $ 4,049,814 $ (1,595,222) $10,000,000
May $ 3,821,199 $ 4,748,621 $ (927,422) $8,000,000
Jun $ 3,553,697 $ 4,237,126 $ (683,429)
Jul $ 1,666,574 $ 4,202,659 $ (2,536,085) $6,000,000
Aug $ 2,982,822 $ 3,464,161 $ (481,339) $4,000,000 — — - --
Sep $
Tot $ 55,277,190 $ 46,125,675 $ 9,151,515 $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. Expenditures exceed revenues by almost$9.1 M.
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 $ 2,832,105 $ 2,552,523 $ 2,383,801 $2,500,000
Jan $ 1,815,479 $ 1,722,503 $ 1,643,095
Feb $ 1,423,796 $ 1,470,957 $ 1,458,994 $2,000,000
Mar $ 2,062,221 $ 1,961,273 $ 1,859,641 now= _
Apr $ 2,283,345 $ 1,828,118 $ 1,749,381 $1,500,000
May $ 1,936,284 $ 1,836,616 $ 1,660,932
Jun $ 1,642,029 $ 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 $ 17,997,439 $ 22,229,805 $ 20,928,572 $-
- k
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 (7.0%) and FY 2024 (13.4%) collections. June 2026 sales are lower than June 2025 (10.6%) and June 2024 (7.6%). June sales included the large audit
adjustment.Year-to-date collections are above budget,so the outlook is considered positive.Staff will continue to monitor collections closely.
City of Southlake Monthly Financial Report 3 9/9/2026
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 $ 415,744 $ 577,913 $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 $ 12,750,099 $ 14,130,006 $ 10,376,818 $10,000,000
Feb $ 7,078,383 $ 5,620,386 $ 5,623,897
Mar $ 511,848 $ 640,868 $ 532,180 $5,000,000
Apr $ 182,514 $ 295,560 $ 257,466 $6,000,000
May $ 176,139 $ 205,571 $ 198,604 $4,000,000 '
Jun $ 422,115 $ 460,606 $ 516,677 $2,000,000
Jul* $ (1,079,128) $ (1,089,408) $ (1,139,094) $- -
Aug $ 103,216 $ 107,845 $ 88,418 $(2,000,000) Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Sep $ - $ 21,654 $ 16,945
Tot $ 27,447,036 $ 27,688,435 $ 27,299,042
*Net transfer of TIF revenues to
CHART OUTLOOK: POSITIVE TIF fund
As of August,the 2026 YTD property tax collections($27,447,036)are relatively flat when compared to 2025 YTD($27,666,781)and FY 2024 YTD($27,282,097). 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 2026-2024 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 $ 119,083 $ 133,336 $ 90,986
Feb $ 127,714 $ 145,396 $ 93,595 $250,000
Mar $ 121,047 $ 135,536 $ 226,182
Apr $ 238,925 $ 137,408 $ 121,572 $200,000
May $ 165,017 $ 192,289 $ 198,453
Jun $ 177,737 $ 152,593 $ 159,935 $150,000
Jul $ 176,835 $ 124,896 $ 135,053 $100,000
Aug $ 177,444 $ 112,085 $ 100,564
Sep $ 117,989 $ 156,642 $50,000
Tot $ 1,696,214 $ 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($130.1M+)issued for FY 2026 YTD is approximately 21.1% and 14.6%less than in FY 2025 and FY 2024,respectively. FY 2026 YTD permit revenue is 0.3%higher than FY
2025 revenue and 6.6%more than FY 2024 revenue.The permit revenue year-to-date is trending slightly above budget,so the outlook is considered positive.
City of Southlake Monthly Financial Report 4 9/9/2026
EXPENDITURE ANALYSIS
DEPARTMENTAL EXPENDITURES SUMMARY
FY 2026 ACTUAL FY 2025 ACTUAL FY 2026 BUDGET FY 2025/2026 YTD
YTD(AUGUST) YTD(AUGUST) YTD(AUGUST) VARIANCE BUDGET VARIANCE FY 2025%SPENT
CIAO $ 1,137,168 $ 1,065,655 $ 1,267,659 $ 71,513 $ 130,491 89.71%
COMM $ 733,199 $ 760,409 $ 834,001 $ (27,210) $ 100,802 87.91%
CS $ 5,773,943 $ 5,934,036 $ 6,848,092 $ (160,093) $ 1,074,149 84.31%
CSO $ 503,578 $ 540,725 $ 648,342 $ (37,147) $ 144,764 77.67%
DPS $ 21,250,998 $ 20,643,792 $ 23,503,994 $ 607,206 $ 2,252,996 90.41%
ED $ 363,431 $ 420,520 $ 471,884 $ (57,089) $ 108,453 77.02%
FIN $ 2,919,870 $ 2,796,322 $ 3,143,607 $ 123,548 $ 223,737 92.88%
HR $ 663,293 $ 656,861 $ 1,005,124 $ 6,432 $ 341,831 65.99%
IT $ 3,641,873 $ 3,391,510 $ 4,162,517 $ 250,363 $ 520,644 87.49%
PDS $ 2,182,132 $ 2,118,793 $ 2,499,172 $ 63,339 $ 317,040 87.31%
PW $ 4,692,578 $ 4,816,600 $ 5,606,913 $ (124,022) $ 914,335 83.69%
SS $ 2,263,612 $ 1,927,975 $ 2,632,148 $ 335,637 $ 368,536 86.00%
Totals $ 46,125,675 $ 45,073,198 $ 52,623,453 $ 1,052,477 $ 6,497,778 87.65%
FY 2026 ACTUAL YTD(AUGUST) FY 2025 ACTUAL YTD(AUGUST) FY 2026 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
i
$2,000,000
$-
CIAO 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,up 2.3%,primarily due to compensation changes and contract cost increases.The outlook is positive,as expenditures are
on pace to stay within budget for the fiscal year.
City of Southlake Monthly Financial Report 5 9/9/2026