Financial Transparency

Transparency Stars

Welcome to the City of Southlake’s Financial Transparency page. The purpose of this page is to provide citizens with information that shows how the City’s tax dollars, and other revenues are budgeted and spent in a user-friendly way.

To be more transparent, and promote enhanced accountability to our citizens, the City of Southlake has chosen to take part in the Texas Comptroller of Public Accounts Transparency Star Program .This program recognizes local governments for going above and beyond in their financial transparency efforts by: 

  • Opening the financial books which include traditional finances, contracts and procurement, economic development, public pensions, and debt obligations
  • Providing clear and meaningful financial information by posting financial documents through summaries, visualizations, downloadable data, and other relevant information.

Financial Summary

The following financial data is from the City of Southlake’s Annual Comprehensive Financial Report (ACFR) for the most recently completed fiscal year. The annual financial report provides valuable insight into how the City manages its finances, investments and debt obligations

The chart below shows the City of Southlake’s governmental activities including revenues, and expenditures per capita from the Fiscal Year 2017 through the Fiscal Year 2022. Note: each year, revenues exceed expenditures. 

 Fiscal Year 2022   Per Capita
Total Expenditures$86,696,595$2,746.26
Total Revenues     $110,399,374$3,497.08
Property Tax$41,429,872$1,312.36
Sales Tax $43,723,490$1,385.01
The number of full-time equivalent employees for the most recently completed, audited fiscal year was 432.

Per Capita

The revenue per capita and the expenditures per capita figures are based on the City’s 2022 estimated population of 31,569 residents. 

revenue per capita
expenditures per capita

Property Tax Rate Graph

This chart shows the City of Southlake’s property tax rate per $100 valuation from the Fiscal Year 2017 through the Fiscal Year 2022. It shows that from Fiscal Year 2017 to Fiscal Year 2022, the property tax rate per $100 valuation has decreased overall, with a more significant decrease between Fiscal Year 2019 and Fiscal Year 2021. Note: the property tax rate did not change between Fiscal Years 2017 - 2018. 

property tax rate per 100 valuation

Downloadable Data

With the City’s OpenGov Financial Transparency Portal, users can view financial data for the current and previous fiscal years as well as find individual transaction details. The data can also be downloaded from the portal for further review.

Other Information