TABLE OF CONTENT
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INTRODUCTION .............................................................................................................................. 7 GFOA Budget Achievement Award 2023 ………………………………………………………………………..………8 Readers Guide………………………………………………………………………………………………………………..…….10 City Officials…………………………………………………………………………………………………………………..……..13 Organizational Chart………………………………………………………………………………………………..…………..14 Location & History of DeSoto…………………………………………………………………………………..…………..15 Community Profile…………………………………………………………………………………………………..…………..17 BUSINESS PLAN …………………………………………………………………………………………………………..…….……25 Business Plan Process………………………………………………………………………………………………..…………26 Business Plan…………………………………………………………………………………………………………..…………..27 BUDGET MESSAGE......................................................................................................................43 Transmittal Letter…………………………………………………………………………………………………….…….……44 BUDGET POLICIES ………………………………………………………………………………………………………..………..49 Calendar…………………………………………………………………………………………………………………….….……51 City Charter Requirements………………………………………………………………………………………….….…..52 Budget Policies…………………………………………………………………………………………………………….….….55 Basis of Budgeting and Accounting……………………………………………………………………………….….…57 Financial Policies……………………………………………………………………………………………………………..….58 Debt Management Policy………………………………………………………………………………………………..….62 FINANCIAL ANALYSIS …………………………………………………………………………………………………….……..79 Fund Structure…………………………………………………………………………………………………………….……..80 Fund Structure Overview………………………………………………………………………………………….…….….81 Changes in Budgeted Positions………………………………………………………………………………….….……83 Adopted Budget Summary By Category…………………………………………………………………….…….…86 Explanation of Major Changes in Fund Balance……………………………………………………………..…..88 Combined Fund Statements…………………………………………………………………………………………..…..94 Revenue Summary by Major Type-All Funds………………………………………………………………..…….98 Three Year Comparision of Major Revenues – All Funds………………………………………………..…102 Expenditure Summary by Function…………………………………………………………………………….….… 107 Expenditure Summary by Fund……………………………………………………………………………………………..………108 5-Year Financial Forecast 2022-2026……………………………………………………………………………………..……..109
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