FY 2023-24 Adopted Budget Book

CITY OF DESOTO 305 BOND DEBT SERVICE FUND FUND

SUMMARY

Actuals FY

Budget FY

Projected FY Adopted FY

Planning FY

LINE ITEMS

2022

2023

2023

2024

2025

FUND BALANCE-BEGINNING

$

5,059,894

$

4,290,144

$

4,290,144 $

5,733,066

$

8,019,413

REVENUES INTERGOVERNMENTAL REVENUE

$ $ $ $ $ $ $ $

180,220

$ $ $ $ $ $ $ $

358,407

$ $ $ $ $ $ $

358,407

$

358,407

$ $ $ $ $ $ $ $ $

358,407

CURRENT TAXES

6,764,883

8,985,605

8,985,605 $

12,712,490

10,260,191

DELINQUENT TAXES PENALTIES & INTEREST INTEREST REVENUES

104,011 68,823 23,662 232,714 12,098

55,000 40,000 10,000 231,964

55,000 40,000 10,000

$ $ $

75,000 50,000 100,000

75,000 50,000 100,000

TRANSFERS FROM OTHER FUNDS

1,106,964 $

1,231,964

1,231,964

BOND PROCEEDS

-

-

$

-

-

TOTAL REVENUES

7,386,411

9,680,976

$ 10,555,976 $

14,527,861 20,260,927

12,075,562 20,094,975

TOTAL AVAILABLE RESOURCES $

12,446,305 $

13,971,120 $ 14,846,120 $

EXPENDITURES TRANSFER TO OTHER FUNDS

$ $ $

26,300

$ $ $

26,300

$ $ $

26,300

$

26,300

$ $ $

26,300

DEBT SERVICE

8,129,861 8,156,161

9,086,754 9,113,054

9,086,754 $ 9,113,054 $

12,215,214 12,241,514

12,008,827 12,035,127

TOTAL EXPENDITURES

FUND BALANCE-ENDING

$

4,290,144

$

4,858,066

$

5,733,066 $

8,019,413

$

8,059,848

0.125019

0.147305

0.147305

0.181607

0.181607

I & S Tax Rate

ToC

246

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