FY 2023-24 Adopted Budget Book

CITY OF DESOTO

HOTEL OCCUPANCY TAX FUND 221 FUND

SUMMARY

Actuals FY

Budget FY

Projected FY

Proposed FY Planning FY

2022

2023

2023

2024

2025

LINE ITEMS

FUND BALANCE-BEGINNING

$

2,331,290

$

3,458,664

$

3,458,664

$

4,330,564 $

1,201,789

REVENUES HOTEL OCCUPANCY TAX FUND

$ $ $ $ $ $ $ $ $ $

1,387,757

$ $ $ $ $ $ $ $ $ $

1,000,000

$ $ $ $ $ $ $ $ $ $

1,300,000

$ $ $ $ $ $ $ $ $ $

1,300,000 $

1,300,000

CHARGES FOR SERVICES

27,270 20,095

-

-

-

$

-

INTEREST

5,000

100,000

100,000 $ 1,400,000 $ 5,730,564 $

100,000

TOTAL REVENUES

1,435,123 3,766,413

1,005,000 4,463,664

1,400,000 4,858,664

1,400,000 2,601,789

TOTAL AVAILABLE RESOURCES

EXPENDITURES PERSONNEL

-

-

-

-

$ $

60,000

SUPPLIES

97

600

600

600

600

SERVICES & PROFESSIONAL FEES

307,651

877,500

527,500

1,528,175 $

1,122,700

CAPITAL OUTLAY

-

-

-

3,000,000

$

-

OPERATING EXPENDITURES

307,748

878,100

528,100

4,528,775 $

1,183,300

TOTAL EXPENDITURES

$

307,748

$

878,100

$

528,100

$

4,528,775 $

1,183,300

FUND BALANCE - ENDING

$

3,458,664

$

3,585,564

$

4,330,564

$

1,201,789 $

1,418,489

ToC

241

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