City of DeSoto, Texas
FY 2024-25 Adopted Budget
HOTEL OCCUPANCY TAX FUND SUMMARY FUND 221 PROGRAM DESCRIPTION
Funds annual Arts Grants, administered by the City Council, which helps to attract “the arts” to DeSoto; Funds maintenance of historic Nance Farm, which is intended to attract tourists and visitors to DeSoto; Funds sports initiatives that attract tourists and other visitors to DeSoto; Funds special community events that attract tourists and other visitors to DeSoto; Funds maintenance of the DeSoto Corner Theatre (a stage play theatre), which is intended to attract tourists and other visitors to DeSoto.
FY 2023 Actuals FY 2026 Planning FUND BALANCE-BEGINNING 3,458,664 $ $ 4,868,160 4,868,160 $ $ 4,239,385 $ 1,491,085 FY 2024 Budget FY 2024 Projected FY 2025 Adopted
Account Description
REVENUES HOTEL/MOTEL TAX
1,522,455 1,300,000
1,300,000
1,300,000
1,300,000
CHARGES FOR SERVICES INTEREST REVENUE
6,650
-
-
-
-
219,814
100,000
100,000 1,400,000 6,268,160
100,000 1,400,000 5,639,385
100,000 1,400,000 2,891,085
TOTAL REVENUE
1,748,920 1,400,000 5,207,584 6,268,160
TOTAL AVAILABLE RESOURCES
EXPENDITURES SUPPLIES
79
600
600
600
600
987,700 3,000,000 160,000 4,148,300
1,057,700 1,000,000 160,000 2,218,300
SERVICES AND PROFESSIONAL FEES
339,345 1,528,175
1,528,175
CAPITAL OUTLAY
- -
500,000 3,000,000
INTERFUND TRANSFERS
-
-
OPERATING EXPENDITURES
339,424 2,028,775
4,528,775
FUND BALANCE-ENDING 4,868,160 $ $ 4,239,385 1,739,385 $ $ 1,491,085 $
672,785
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