FY2016-17 Budget Final

City of DeSoto Five-Year Financial Forecast FY2017 – FY2021

Inter-Gov Revenue

$300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000

1.00% 1.20% 1.40% 1.60% 1.80% 2.00% 2.20% 2.40%

2011

2012

2013

2014

2015

Inter-Gov

% of GF Rev

4. Summary of Revenue Forecast In each revenue forecast category, the following growth rates are included:  Historical Growth Rate – The cumulative annual rate of growth for the past five years, FY2011- through FY2015.  Projected Growth Rate – The cumulative annual rate of growth projected for the current five- year forecast, FY2015 through FY2021. 4.1 General Fund Revenues The General Fund revenue consists of Property Tax, Sales Tax, Licensing, Permit Fees and Charges for Services and Intergovernmental Transfers. Revenues have increased by $6.35 Million between FY2011 and FY2015 marking $36,510,358 in 2015 revenues. Over the next 5-years, General Fund Revenue is expected to grow at an average rate of 2.74 percent annually supported by the increase in assessed property value and projected increase in sales tax revenue.

Historical Growth Rate : 21.0% Projected Average Growth Rate: 2.79%

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