Proposed FY2023-24 & Planning FY2024-25 Budget

CITY OF DESOTO GENERAL FUND 101 - 102 SUMMARY

Actuals FY

Actuals FY

Budget FY

Projected FY

Proposed

Planning FY

LINE ITEMS

2021

2022

2023

2023

2024

2025

FUND BALANCE-BEGINNING $

22,264,151 $

27,223,282

$

27,538,172

$ 27,538,172 $ 29,312,608

$

29,912,882

REVENUES

TOTAL OPERATING REVENUE

$

53,231,438 $

57,168,718

$

56,093,398

$

58,171,612 $

58,500,140

$

61,523,145

INTERFUND TRANSFERS

$

37,500

$

36,300

$

36,300

$

36,300

$

36,300

$

36,300

USE OF FUND BALANCE

$

2,877,592

$

-

$

1,825,000

$

-

$

-

$

-

TOTAL ALL REVENUE & OTHER SOURCES

$

56,146,530 $

57,205,018

$

57,954,698

$

58,207,912 $

58,536,440

$

61,559,445

APPROPRIATIONS

TOTAL OPERATING EXPENDITURES

$

41,595,963 $

45,841,397

$

50,153,136

$

51,220,001 $

54,642,420

$

54,259,105

CAPITAL OUTLAY

$

3,800

$

152,677

$

666,730

$

666,730

$

-

$

-

5,801,070 $

7,197,253

TRANSFERS TO OTHER FUNDS

$

5,854,504 $

12,460,880

$

5,801,070

$

3,293,747

$

DEBT SERVICE

$

43,824

$

33,600

$

45,675

$

45,675

$

-

$

-

TOTAL APPROPRIATIONS

$

48,048,736 $

56,890,129

$

55,366,611

$

56,433,476 $

57,936,167

$

61,456,358

FUND BALANCE-ENDING $

24,606,761 $ 14,558,587 $ 18,718,183 $ 20,797,981 $

27,538,172 16,044,489 20,628,629 22,920,699

$ $ $ $

26,476,259 17,553,597 22,568,911 25,076,568

$ $ $ $

29,312,608 $ 17,927,000 $ 23,049,000 $ 25,610,000 $

29,912,882 19,124,847 24,589,089 27,321,210

$ $ $ $

30,015,969 18,990,687 24,416,597 27,129,553

Minimum Reserve Requirement 35% Target Reserve Requirement 45% Maxium Reserve Requirement 50%

$ $ $

Over/(under) Minimum Reserve Requirement Over/(under) Maxium Reserve Requirement

10,048,174 3,808,780

11,493,683 4,617,473

8,922,662 1,399,691

11,385,608 3,702,608

10,788,035 2,591,672

11,025,282 2,886,416

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