Traditional Finances

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 2016 through the Fiscal Year 2021. Note: each year, revenues exceed expenditures. 

 Fiscal Year 2020-2021   Per Capita
Total Expenditures$85,172,109$2,729.96
Total Revenues     $93,587,142 $2,999.68
Total Property Tax Revenues$41,660,369  $1,335.31
Total Sales Tax Revenues$38,461,312 $1,232.77
The number of full-time equivalent employees for the most recently completed, audited fiscal year was 370.

Per Capita

The revenue per capita and the expenditures per capita figures are based on the City’s 2021 estimated population of 31,199 residents. 

Revenue per capita
Expenditure per capita

Property Tax Rate Graph

This chart shows the City of Southlake’s property tax rate per $100 valuation from the Fiscal Year 2016 through the Fiscal Year 2021. It shows that from Fiscal Year 2016 to Fiscal Year 2021, 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 2016-2018. 

Property Tax Rate

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