~Community Wealth~ During the preliminary budget planning process for each FY, the Internal Budget Committee (IBC) discusses a litany of financial scenarios that will either negatively or positively impact projected revenues and expenditures. These comprehensive discussions enable the IBC to determine how much funding will be appropriated for annual expenditures. However, these monetary assumptions can be adjusted upward or downward based upon our two (2) annual conversations with the Dallas Central Appraisal District (DCAD). The DCAD provides local governing bodies with accurate values for real and business personal properties. In April, the DCAD reported that our preliminary “grand total taxable value” had increased from last year. Although this is a positive indication that our overall wealth is growing, it is imperative to understand that these initial estimations can still ascend or descend. Since FY 2012, the City of DeSoto has used less than what was projected as a “grand total taxable value” for its proposed budget. The FY 2022 budget was created by using a “grand total taxable value” of $5,400,000,000. Although these monetary figures and percentages are used as a baseline for developing the proposed FY budget, these numbers can be adjusted upward or downward based upon a final report issued by the DCAD. For example, in FY 2021, the certified “grand total taxable value” reached $5,160,291,978. However, staff used $4,900,000,000 to calculate the adopted budget for FY 2022. This conservative number was used due to the assumption that protested appraisals could decrease our overall taxable values, which will negatively impact our projected revenues. ~General Fund Expenditures~ The General Fund (GF) is supported by property taxes, sales taxes, intergovernmental transfers, interfund transfers, franchise fees, recreation fees, administrative fees, licenses & permits, charges for services, fines/forfeitures and interest. Revenue from all sources the FY 2022 GF budget is estimated to be $5 5 , 619 , 048 . GF expenditures fund services for the Administration, Financial Services, Municipal Court, Regional Cooperatives (Southwest Regional Communications, Tri- City Animal Shelter and Regional Jail), Information Technology, Human Resources, Development Services, Parks and Recreation, Library, Police and Fire. Total Appropriations for the GF is estimated to be $56, 492 , 926 . The increases in expenditures are primarily due to a continuous rise in costs for personnel, supplies, and transfers funds. Budgeted Positions (New): Administrative Assistant II (Administration), 2 Temporary part time Accountants ERP related (Finance), Firefighter (Fire), Risk Manager (Human Resource), Project Manager ERP related (Information Technology), 2 Maintenance Workers (Park & Recreation), Administrative Assistant I (Police Department), System Support Coordinator (Police Department), Victim Assistance Coordinator (Police Department), 3 Dispatchers (SWRCC).
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