City of DeSoto, Texas
FY 2024-25 Adopted Budget
DESOTO DEVELOPMENT CORPORATION DDC SUMMARY FUND 125 PROGRAM DESCRIPTION Promotes economic development within the City; plans, promotes, finances, and creates opportunities for the retention, growth, and attraction of enterprises to the City.
FY 2023 Actuals FY 2026 Planning FUND BALANCE $ 6,151,709 $ 8,851,084 $ 8,851,084 $ 8,280,318 $ 8,309,271 FY 2024 Budget FY 2024 Projected FY 2025 Adopted
Account Description
REVENUES SALES TAX
2,781,253 927,184 326,397 283,274 4,318,108 10,469,817
2,625,000 975,000 100,000 3,790,000 12,641,084 90,000
2,625,000 975,000 100,000 3,790,000 12,641,084 90,000
2,756,250 975,000 250,000 3,981,250 12,261,568 -
2,894,063 1,023,750 250,000 4,167,813 12,477,084 -
SALES TAX REVENUE - DPDC
INTEREST REVENUE
MISCELLANEOUS REVENUE
TOTAL REVENUE
TOTAL AVAILABLE RESOURCES
EXPENDITURES PERSONNEL
502,095
659,983
659,983
678,213
713,709 1,311,759 962,325 1,000,000
SUPPLIES
476,923 1,770,083
1,770,083 1,311,759
SERVICES AND PROFESSIONAL FEES TRANSFERS TO OTHER FUNDS
639,715
930,700
930,700
962,325 1,000,000
-
1,000,000 1,000,000
TOTAL EXPENDITURES
1,618,733 4,360,766
4,360,766 3,952,297
3,987,793
FUND BALANCE ENDING 8,851,084 $ $ 8,280,318 8,280,318 $ $ 8,309,271 $ 8,489,291
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