Proposed FY2023-24 & Planning FY2024-25 Budget

City of DeSoto NEXT YEAR BUDGET DETAIL REPORT

PROJECTION: 20241 2024 Operating Budget

ACCOUNTS FOR: GENERAL FUND

VENDOR QUANTITY

UNIT COST 2024 City Manager Office

TOTAL LEASE PRINCIPAL PAYMENTS

.00

51050 FICA EXP.-EMPLOYER 10109010 101-10-99-910-51050-0000-0000- FICA EXP.-EMPLOYER

9,500.00 *

FICA expense for PIP payments

1.00

9,500.00

9,500.00

TOTAL FICA EXP.-EMPLOYER

9,500.00

51110 TMRS - EMPLOYER 10109010 101-10-99-910-51110-0000-0000- TMRS - EMPLOYER

17,500.00 *

TMRS for PIP

1.00

17,500.00

17,500.00

TOTAL TMRS - EMPLOYER

17,500.00

51140 SALARY & BENEFIT ADJUSTMENTS 10109010 101-10-99-910-51140-0000-0000- SALARY & BENEFIT ADJUSTMENTS

-400,000.00 * -400,000.00

Estimated salary savings FY 2024

1.00

400,000.00

TOTAL SALARY & BENEFIT ADJUSTMENTS

-400,000.00

51290 PIP INCENTIVE PROGRAM 10109010 101-10-99-910-51290-0000-0000- PIP INCENTIVE PROGRAM

113,000.00 * 113,000.00

PIP Incentive payment

1.00

113,000.00

TOTAL PIP INCENTIVE PROGRAM

113,000.00

51570 FINAL BENEFIT PAY EXPENSE 10109010 101-10-99-910-51570-0000-0000- FINAL BENEFIT PAY EXPENSE

400,000.00 * 400,000.00

Final Benefit Cost for employees

1.00

400,000.00

TOTAL FINAL BENEFIT PAY EXPENSE

400,000.00

51800 DEFERRED COMPENSATION 10109010 101-10-99-910-51800-0000-0000- DEFERRED COMPENSATION

70,000.00 *

Deferred Compensation Cost for Directors

1.00

70,000.00

70,000.00

Report generated: 08/31/2023 19:13 User: SOliver Program ID: bgnyrpts

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