FY2016-17 Budget Final

General Fund Capital Improvements Fund 486

This fund will begin FY 2017 with a FB of $1,980,081 and will end with a FB of $2,905,081, which represents a 46.7% increase in FB throughout the year. This increase is due to transfer from Fund 101 for improvements to the DeSoto Public Library facility, FB capital projects, Action Center (City Hall reception area) improvements, and renovation of Information Technology offices. The increase is also due to a transfer from Fund 118 for the renovation of the Recreation Center Racquetball Courts area, a transfer from Fund 221 for the architectural design of restrooms at the BMX facility and historic Nance Farm restoration and maintenance, a transfer from Fund 410 for renovation of the Development Services admin offices. This fund will carry a FB for multi-year savings for long-term capital projects. Street Improvements – G.O. Bonds Fund 489 This fund will begin FY 2017 with a FB of $123,832 and will end with a FB of $6,332, which represents a 94.9% decrease in FB throughout the year. This fund is intended for street improvements within the City of DeSoto, and the reduction in FB is due to expenditures made for those improvements throughout FY 2017. Street Improvements – C.O. Bonds Fund 490 The Street Improvements – C. O. Bonds Fund is intended for street improvements that are funded through Certificates of Obligation. This fund will begin FY 2017 with a FB of $3,831,480 and will end with a FB of $4,382,395, which represents a 14.4% increase in FB throughout the year. This fund is intended for street improvements within the City of DeSoto, and the reduction in FB is due to expenditures made for those improvements throughout FY 2017. Fire Station Improvements Fund 705 The Fire Station Improvements Fund is intended to provide resources for the construction of a new DeSoto Fire Station, as approved in the 2014 Bond Referendum. This fund will begin FY 2017 with a FB of $2,747,502 and will end with a FB of $2,497,502, which represents a 9.1% decrease in FB throughout the year. This decrease is due to budgeted expenditures for design and construction of the new fire station. Park Improvements Fund 710 The Park Improvements Fund is intended to provide resources for improvements to public parks and the public trail system in DeSoto, as approved in the 2014 Bond Referendum. This fund will begin FY 2017 with a FB of $966,443 and will end with a FB of $491,193, which represents a 49.2% decrease in FB throughout the year. This decrease is due to budgeted expenditures for design and construction of City park facilities.

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