eSoto,Texas FY 2024 Budget in Brief Book
DESOTO CITY COUNCIL
Pierette Parker Place 2
Nicole Raphiel Place 3
Crystal Chism Place 6
Rachel L. Proctor, Place 1 Mayor
Andre’ Byrd, Sr. Place 4
Dr. Dinah Marks Place 5
Letitia Hughes Place 7 Mayor Pro-Tem
WHAT IS A BUDGET IN BRIEF??
The Budget in Brief is an overview of the City's overall plan for allocating resources in support of the City Council’s strategic plan.
With the participation of City Council, Budget Team members, City staff, and the community, the City is able to overcome economic challenges and develop the funding for all essential services and programs each fiscal year.
The information in this document is unaudited and derived from the City's Annual Comprehensive Financial Report (ACFR) and the FY2024 Budget adopted on September 19, 2023.
To view the entire budget document, visit https://www.desototexas.gov/1457/Financial-Services.
CITY OF DESOTO STRATEGIC PRIORITIES The City of DeSoto establishes Strategic Priorities each year to guide how the City budget allocates resources for the community. During the year, City Staff strives to communicate these priorities in a clear, direct and proactive manner that increases understanding of the City's services, initiatives and programs. The FY 2024 Budget was presented to City Council for consideration in four focus areas to drive continual improvement to overall service delivery to the DeSoto community.
FISCAL YEAR 2024 HIGHLIGHTS
WHERE DOES THE CITY OF DESOTO RECEIVE ITS FUNDS? REVENUE AT A GLANCE
Property Taxes represent 28.88% of total revenue budget. This revenue is based on the assessed value of commercial, residential, and business personal property in the City of DeSoto. The City of DeSoto earns its funds from property taxes, charges for City services and sales taxes.
The assessed value is multiplied by the tax rate of $.685092 per $100 valuation .
Charges for services represent 22.82% of total budgeted revenues. They consist of revenue earned by the City in exchange for specific types of services provided. Examples of services include water sales, sewer service charges, sanitation fees, alarm monitoring revenues, storm drainage fees and ambulance services. Sales Taxes comprise 8.29% of the total budgeted revenues. The City receives 2% on top of the 6.25% remitted to the State for the sale of goods and services in DeSoto (totaling 8.25%).
Sales tax revenue is allocated to the General Fund and the DeSoto Development Corporation.
PROPERTY TAXES The Property tax is based on the value of the property including land. The City of DeSoto has residential, commercial, and business personal property subject to the local tax rate. The citizens of DeSoto also pay property taxes to Dallas County, DeSoto ISD, Dallas Community College, and the Parkland Hospital District.
Below is an estimated City of DeSoto tax bill including these other taxing entities. (This does not take into consideration any exemptions that may be granted.)
Current residential property owners who live in their homes full-time may qualify for various property tax exemptions. The City of DeSoto currently offers Over 65 Homestead and Disabled Person exemptions of $40,000 and $25,000 respectively. These exemptions only relates to City taxes.
City property tax on a median value home in DeSoto ($268,147) comes out to about $5.03/day (even less if exemptions apply).
CITY FUND APPROPRIATIONS
City Funds are allocated for use for things such as service and professional fees, contractual fees, personnel services, and capital overlay.
Services and Professional Fees are 15.02% of the City’s overall expenditures, including consulting and engineering services.
Contractual Fees make up 10.10% of the overall expenditures for the City. The majority of expenditures are for refuse collection services, water purchases, and utilities fees.
Personnel Services represents 25.71% of the overall expenditures and includes employee salary and benefits for all City staff.
Capital Outlay is 32.52% of the City’s overall expenditures, which consists of infrastructure improvements, vehicles, and heavy equipment.
WHAT IS THE GENERAL FUND? GENERAL FUND REVENUES
The City of DeSoto's General Fund generates its revenue from a number of sources with property taxes and sales taxes making up 80% of the revenue budget.
GENERAL FUND EXPENDITURES
The General Fund is approximately 30% of the total budget of the City with personnel making up 68% of its total expenditures.
ENTERPRISE FUNDS
The Public Utility Fund revenue budget is used to cover the cost of providing services to City residents. PUBLIC UTILITY FUND
.
ENTERPRISE FUNDS
The Public Utility Fund expenditures are used to account for all aspects of the operation of the City water system including source of supply, operations and maintenance, customer service, administrative expenses, debt service, and capital outlay. PUBLIC UTILITY FUND
.
Water customers will see a monthly increase of 8% in the water base and volume rates. The current minimum water base rate will increase from $9.76 to $10.64 and the current minimum water volume rate will increase from $3.39 to $3.70. Customers will also see a 9% monthly increase in the sewer base and volume rates. The current minimum sewer base and volume rate will increase from $11.70 to $12.87. The proposed increase accounts for the increase in costs of personnel, Capital Improvement Projects, Trinity River Authority fees, and Dallas Water Utilities fees.
The new fees rates for both Sanitation and Water/Sewer went into effect October 1, 2023.
ENTERPRISE FUNDS SANITATION FUND
The Sanitation Fund revenues are used to provide solid waste services to City residents.
ENTERPRISE FUNDS SANITATION FUND
The Sanitation Fund is used to account for all aspects of the operation of the City's sanitation, recycling cleaning, sanitation supplies, and waste services.
SANITATION FEE CHANGES
The Sanitation monthly residential rates will increase by $3.45 from the current rate of $26.52 to $29.97 . This increase is proposed to cover the service levels provided by Republic and increase operating costs incurred by the City. The new fee rates for Sanitation went into effect October 1, 2023.
New Republic Services Contract will include: • Twice/week household with new 95-gallon cart provided by Republic • Once/week household recycling with a 95-gallon cart provided by Republic • Bulk and Bundled Brush collected weekly (3 cubic yard limit) • On-demand Bulk and unbundled Brush collected once/monthly (10 cubic yard limit)
STORM DRAINAGE FUND ENTERPRISE FUNDS
The Storm Drainage Fund is used to account for all aspects of the City's storm water system including planning, operations and maintenance. The total budget of the Drainage Fund Expenditures for fiscal year 2024 is $1,668,090 .
5-YEAR CAPITAL IMPROVEMENT PLAN WHAT'S NEXT? Funds makes it possible for the City to make improvements on roads, streets, buildings, parks and even water & drainage systems. Take a look at upcoming improvements to come in the next few pages.
Aquatic & Recreation Center
Finance/Public Utilities Area Renovation/Town Center Roof
Want to Learn more about the City’s finances and FY 24 approved budget? Scan the QR Code below.
SCAN ME
City of DeSoto |https://www.desototexas.gov/ City of DeSoto Town Center 211 E. Pleasant Run Rd., DeSoto, Tx, 75115
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22Made with FlippingBook - PDF hosting