COOPERATIVE EFFORTS Southwest Regional Communications Center Fund Fund 111
The City of DeSoto partners with other Best Southwest Cities on initiatives that will significantly decrease expenses associated with operational costs. One of these joint ventures is the Southwest Regional Communications Center (SWRCC), which includes participation from the Cities of Cedar Hill and Duncanville. In FY 202 2 SWRCC will begin with a working capital balance of $ 535 ,0 23 and is projected to end with a working capital balance of $ 586 , 021 , which translates to an increase of 9 . 5 % throughout the year. SWRCC – Equipment Replacement Fund Fund 413 This Equipment Replacement Fund was created as a multi-year financial planning tool for the purchase of electronic equipment for the Southwest Regional Communications Center. In FY 202 2 the SWRCC Equipment Replacement Fund will begin with a FB of $ 537 , 824 and will end with a projected FB of $ 584 , 718 . This represents an 8 . 7 % in crease throughout the year. This increase is due to transfers in exceeding projected expenditures in an effort to rebuild after p ayment for new 9 - 1 - 1 software. SALES TAX CORPORATIONS The City of DeSoto has two (2) sales tax corporations: the DeSoto Park Development Corporation (DPDC) and the DeSoto evelopment Corporation (DDC). Collectively, the DPDC and DDC receive a percentage of the two (2) cents in sales tax levied by t he State of Texas and distributed to the City of DeSoto. The DPDC receives 1/8 of a c ent; the DDC receives 3/8 of a cent. Park Development Corporation Fund Fund 118 This fund will begin FY 202 2 with a FB of $ 1,081 , 796 and is projected to end the year with a FB of $1, 492 ,2 21 which represents a 37 . 9 % increase in FB throughout the year. This increase is due to incoming revenues significantly outpacing expenditures budgeted in Fund 118 during FY 202 2 .
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