City of DeSoto, Texas
FY 2024-25 Adopted Budget
STABILIZATION FUND SUMMARY FUND 108
PROGRAM DESCRIPTION
Serves as a multi-year savings fund to be used for unbudgeted, unanticipated one-time expenditures that would otherwise, impair the General Fund; serves as a fund for expenditures such as those associated with changes in State or Federal legislation, adverse litigation or similar unforeseen actions, emergency expenditures, revenue fluctuations, and Decreases the need for any short-term borrowing, which would be a positive indication of the City’s financial health and economic stability.
FY 2023 Actuals
FY 2024 Budget
FY 2024 Proposed
FY 2025 Adopted
FY 2026 Planning
Account Description
3,102,676 2,867,676
2,632,676
FUND BALANCE-BEGINNING
3,016,063 3,102,676
REVENUES INTEREST REVENUE
86,613 86,613
15,000 15,000
15,000 15,000
15,000 15,000
15,000 15,000
TOTAL REVENUE
TOTAL AVAILABLE RESOURCES 3,102,676
3,117,676 3,117,676
2,882,676 2,647,676
EXPENDITURES
250,000
250,000
250,000
TRANSFER TO OTHER FUNDS
-
250,000
TOTAL EXPENDITURES
-
250,000
250,000
250,000
250,000
FUND BALANCE-ENDING 3,102,676 $ $ 2,867,676 2,867,676 $ $ 2,632,676 2,397,676 $
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