FY2016-17 Budget Final

CITY OF DESOTO FUND

195 SUMMARY DESOTO ECONOMIC DEVELOPMENT CORPORATION

Projected FY Proposed FY Planning FY

Actuals FY Budget FY

LINE ITEMS

2015 2018 FUND BALANCE-BEGINNING $2,985,082 $3,401,413 $3,401,413 $2,583,770 $1,229,631 SALES TAX REVENUES $2,216,272 $2,123,411 $2,001,783 $2,096,728 $2,123,411 INTEREST REVENUES $14,129 $9,716 $9,886 $11,242 $10,000 TOTAL REVENUES $2,230,401 $2,133,127 $2,011,669 $2,107,970 $2,133,411 TOTAL AVAILABLE RESOURCES $5,215,483 $5,534,540 $5,413,082 $4,691,740 $3,363,042 2016 2016 2017

EXPENDITURES PERSONNEL

$288,672

$353,549

$286,312

327,288 $7,000

351,081 $7,300

SUPPLIES

$1,429

$9,000

$5,200

PROMOTION/ADMIN/GRANTS/ PROSPECT DEVELOPMENT

$1,164,483 $3,092,286 $2,229,256 $2,821,903 $2,617,491

CAPITAL OUTLAY

$2,439

$6,000

$6,000

$6,000

$6,000

DEBT SERVICE

$357,047

$302,544

$302,544

$299,919

$297,118 3,278,990

TOTAL EXPENDITURES

$1,814,070 $3,763,379 $2,829,312 3,462,110

ENDING FUND BALANCE $3,401,413 $1,771,161 $2,583,770 $1,229,631

$84,052

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