TABLE OF CONTENTS INTRODUCTION ----------------------------------------------------------------------------------- 7 GFOA Budget Achievement Award 2019 -------------------------------------------------- 9 Readers Guide --------------------------------------------------------------------------------- 10 City Officials ------------------------------------------------------------------------------- --- 1 3 Organizational Chart ------------------------------------------------------------------------ 1 4 Location & History of Desoto -----------------------------------------------------------------1 5 Community Profile---------------------------------------------------------------------------- 1 7 BUSINESS PLAN -------------------------------------------------------------------------------- 2 5 Vision Statement/Goals & Objectives/Business Plan --------------------------------- 2 7 BUDGET MESSAGE ----------------------------------------------------------------------------- 3 7 Transmittal Letter----------------------------------------------------------------------------- 3 8 BUDGET POLICIES------------------------------------------------------------------------------- 4 3 Calendar ---------------------------------------------------------------------------------------- 4 5 City Charter Requirements------------------------------------------------------------------ 4 6 Budget Policies -------------------------------------------------------------------------------- 49 Basis of Budgeting and Accounting ------------------------------------------------------- 5 1 Financial Policies ----------------------------------------------------------------------------- 5 2 Debt Management Policy ------------------------------------------------------------------- 5 6 FINANCIAL ANALYSIS -------------------------------------------------------------------------- 7 3 City of DeSoto Fund Structure ------------- ------------------------------------------------ 7 5 Fund Structure Overview ----------------------------------------------------------------------7 6 Position Summary/ Changes in Budgeted Positions ----------------------------------- 7 7 Adopted Budget Summary by Category ------------------------------------------------ -8 3 Explanation of Major Changes in Fund Balance --------------------------------------- 8 5 Combined Fund Statements---------------------------------------------------------------- 9 3 Revenue Summary by Major Type – All Funds ----------------------------------------- 9 7 Revenue Summary by Fund --- ---- -------------------------------------------------------- 100 Three Year Comparison of Major Expenditures – All Funds --------------------- -- 105 Expenditure Summary by Function /Fund -- -- ------------------------------------------- 10 7 Five-Year Financial Forecast FY 2021-2025 ------- - - ---- ---------------------------------10 9 GENERAL FUND ------------------------------------------------------------------------------- 12 1 Budget Summary-General Fund 101-102 ----------------------------------- 12 2 Property Tax Rate History Chart ---------------------------------------------12 3 Sales Tax History Chart --------------------------------------------------------12 4 Revenues by Category ------------------------------------------------------------------12 5 Expenditures by Department Summary ----------------------------------------------- 1 29 Administration --------------------------------------------------------------------------- 13 1 Financial Services ------------------------------------------------------------------------ 1 4 3
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