DeSoto FY21-FY22 Budget Book

CITY OF DESOTO

HOTEL OCCUPANCY TAX FUND 221 FUND

SUMMARY

Actuals FY

Budget FY

Projected FY

Adopted

Planning FY

2020

2021

2021

2022

2023

LINE ITEMS

FUND BALANCE‐BEGINNING

$1,427,565

$1,800,250

$1,800,250

$1,706,270

$2,150,870

REVENUES HOTEL OCCUPANCY TAX FUND

$894,320 $22,578 $15,770

$750,000

$750,000

$1,000,000

$1,000,000

CHARGES FOR SERVICES

$8,500 $2,000

$8,500 $2,000

$0

$0

INTEREST

$2,000

$2,000

TOTAL REVENUES

$1,083,133 $2,510,698

$760,500

$760,500

$1,002,000 $2,708,270

$1,002,000 $3,152,870

TOTAL AVAILABLE RESOURCES

$2,560,750

$2,560,750

EXPENDITURES PERSONNEL

$0

$14,288

$14,288

$0

$0

SUPPLIES

$61

$600

$600

$600

$600

SERVICES & PROFESSIONAL FEES

$460,387 $250,000 $710,447

$839,592

$839,592

$556,800

$506,800

TRANSFERS

$0

$0

$0

$0

OPERATING EXPENDITURES

$854,480

$854,480

$557,400

$507,400

TOTAL EXPENDITURES

$710,447

$854,480

$854,480

$557,400

$507,400

FUND BALANCE ‐ ENDING

$1,800,250

$1,706,270

$1,706,270

$2,150,870

$2,645,470

252

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