Budget in Brief

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FY 2025 Budget in Brief Book

WHAT IS A BUDGET IN BRIEF?

⁍ Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level With the participation of the City Council, Budget Team members, City staff, and the community, the City can overcome economic challenges and develop the funding for all essential services and programs each fiscal year. This document contains unaudited information derived from the City's Annual Comprehensive Financial Report (ACFR) and the FY2025 Budget adopted on September 17, 2024. To view the entire budget document, visit: https://www.desototexas.gov/departments/financial_services/tax_information/index.php The Budget in Brief summarizes the City's overall plan for allocating resources to support the City Council’s strategic plan.

CITY OF DESOTO STRATEGIC PRIORITIES

The City of DeSoto establishes Strategic Priorities each year to guide how the City budget allocates resources for the community. During the year, City Staff strives to communicate these priorities in a clear, direct, and proactive manner that increases understanding of the City's services, initiatives, and programs. The FY 2025 Budget was presented to City Council for consideration in four focus areas to drive continual improvement to overall service delivery to the DeSoto community.

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CITY OF DESOTO STRATEGIC PRIORITIES

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FISCAL YEAR 2025 HIGHLIGHTS

Lowers DeSoto’s Tax Rate to $0.684934

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Balanced General Fund

FISCAL YEAR 2024-2025 BUDGET

Focused to Achieve Business Plan Priorities & the Strategic Plan

Implements large, prioritized capital projects

PROPERTY TAXES The Property tax is based on the value of the property including land. The City of DeSoto has residential, commercial, and business personal property subject to the local tax rate. The citizens of DeSoto also pay property taxes to Dallas County, DeSoto ISD, Dallas Community College, and the Parkland Hospital District. Below is an estimated City of DeSoto tax bill including these other taxing entities. (This does not consider any exemptions that may be granted.)

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Example of City of DeSoto tax bill including other taxing entities. (This does not take into consideration any exemptions that may be granted).

Parkland Hospital District

Dallas Community College

Entity City of DeSoto

DeSoto ISD

Dallas County

Total Tax Rate* 0.684934 $ $ 1.065200 0.215500 $ $ 0.212000 0.105595 $ $ 2.283229 Appraised Value $150,000 1,027.40 $ $ 1,597.80 $ 323.25 $ 318.00 $ 158.39 3,424.84 $ $325,000 2,226.04 $ $ 3,461.90 $ 700.38 $ 689.00 $ 343.18 7,420.49 $ $500,000 3,424.67 $ $ 5,326.00 1,077.50 $ $ 1,060.00 $ 527.98 11,416.15 $ *Per $100 of Assessed Property Value

Current residential property owners who live in their homes full-time may qualify for various property tax exemptions. The City of DeSoto currently offers over 65 Homestead and Disabled Person exemptions of $40,000 and $25,000, respectively. These exemptions only apply to City taxes.

CITYFUNDAPPROPRIATIONS

City Funds are allocated for service and professional fees, contractual fees, personnel services, and capital overlay.

⁍ Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Services and Professional Fees are 17% of the City’s overall expenditures, including consulting and engineering services. Contractual Fees make up 8% of the city’s overall expenditures. Most expenditures include refuse collection services, water purchases, and utilities fees.

Personnel Services represents 27% of the overall expenditures and includes employee salary and benefits for all City staff. Capital Outlay is 30% of the City’s overall expenditures, including infrastructure improvements, vehicles, and heavy equipment.

GENERAL FUND REVENUES

⁍ Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level The City of DeSoto's General Fund generates revenue from several sources, with property taxes and sales taxes making up 80% of the revenue budget. Revenue Source FY 2025 Property Tax $ 40,068,900

Sales Tax

$ 11,730,000 $ 1,932,000 $ 1,992,971 $ 1,171,000 $ 3,937,290 $ 1,350,000

Charges for Services

Administration Fee Reimbursement

Fines & Forfeitures Franchised Fees Licenses & Permits Recreation Fees

$ 478,000 Misc, Transfers In, InterGovt, Interest $ 1,711,600 Totals $ 64,371,761

GENERAL FUND EXPENDITURES

⁍ Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level The General Fund accounts for approximately 32% of the city's total budget, with personnel accounting for 67% of its total expenditures. Appropriations FY 2025

Personnel Supplies

$ 42,589,775 $ 1,832,558 $ 12,993,707

Services & Professional Fees

Capital Outlay Debt Service

$ $

190,523 45,675

Transfers to Other Funds

$ 6,261,779 $ 63,914,017

Operating Expenditues

PUBLICUTILITY FUND REVENUE The Public Utility Fund revenue budget is used to cover the cost of providing services to City residents. Water customers will see a monthly increase of 9% in the water base and volume rates as well as a 9% monthly increase in the sewer base and volume rates. The new fee rates for Water/Sewer went into effect October 1, 2024.

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Revenues

FY 2025

Water Sales

$ 13,571,674 $ 16,001,305

Sewer Services

Interest & Penalty Fees

650,000

Miscellaneous

$ 277,000 Total Revenue $ 30,499,979

PUBLIC UTILITY FUND EXPENDITURES Expenditures in the Public Utility Fund account for all aspects of the City water system's operation, including supply sources, operations and maintenance, customer service, administrative expenses, debt service, and capital outlay .

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Appropriations

FY 2025

Transfers

$ 5,201,776

Debt Service

1,500

Contractual Services

$ 21,957,104

Supplies

325,250

Personnel Services

$ 3,036,156

Capital Outlay

$ - Total Expenditures $ 30,521,786

SANITATION FUND REVENUE

The Sanitation Fund revenues are used to provide solid waste services to City residents. The Sanitation monthly residential rates will increase from the current rate of $29.97 to $31.47 . The new fee rates for Sanitation went into effect October 1, 2024.

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Revenues

FY 2025

Residential Fees Commercial Fees Interest Revenue

$ 6,361,648 $ 1,000,000

$ 10,000 Total Revenue 7,371,648 $

SANITATION FUND EXPENDITURES

The Sanitation Fund accounts for all aspects of the operation of the City's sanitation, recycling, cleaning, sanitation supplies, and waste services.

⁍ Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Appropriations FY 2025 Personnel $ 595,934

Supplies

$ $ $

35,150

Services & Professional Fees Transfers to Other Funds

6,479,545

75,000

Total Expenditures $

7,185,629

STORM DRAINAGE FUND The Storm Drainage Fund accounts for all aspects of the City’s storm water system, including planning, operations, and maintenance. The total budget for the Drainage Fund expenditures for fiscal year 2025 is $1,678,199.

⁍ Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level APPROPRIATIONS FY 2025

PERSONNEL

$ 570,102

SUPPLIES

12,000

SERVICES & PROFESSIONAL FEES TRANSFERS TO OTHER FUNDS

$ 495,672 $ 599,925

DEBT SERVICE

500

TOTAL EXPENDITURES

$ 1,678,199

5-YEAR CAPITAL IMPROVEMENT PLAN

Funds allow the City to improve roads, streets, buildings, parks, and even water and& drainage systems.

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Want to learn more about the City’s finances and FY 25 approved budget? Scan the QR Code below.

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City of DeSoto Town Center 211 E. Pleasant Run Rd. DeSoto, TX 75115 https://www.desototexas.gov

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