Proposed FY2023-24 & Planning FY2024-25 Budget

CITY OF DESOTO FUND DESOTO DEVELOPMENT CORP

Actuals FY 125 DETAILS

Actuals FY

Budget FY Projected FY Proposed FY Planning FY

LINE ITEMS

2021

2022

2023

2023

2024

2025

31355 FUND BALANCE-BEGINNING 4,557,169 $ $ 7,291,213 9,015,705 $ $ 9,015,705 7,627,813 $ $ 7,119,111 REVENUES 42610 SALES TAX-DDC $ 3,312,561 3,193,451 $ $ 2,625,000 2,625,000 $ $ 2,625,000 2,625,000 $ 42611 SALES TAX REVENUE -DPDC $ 1,094,794 1,064,484 $ - $ - $ $ 975,000 $ 975,000 46060 INTEREST REVENUE $ 11,081 $ 44,884 $ 10,000 $ 10,000 $ 100,000 $ 100,000 49110 MISCELLANEOUS REVENUE $ 4,000 $ 41,979 - $ - $ - $ - $ 49430 REVENUE FROM LEASE/RENT $ 364,376 $ 301,818 $ 360,000 $ 360,000 $ 90,000 - $ TOTAL REVENUES 4,786,812 $ $ 4,646,615 2,995,000 $ $ 2,995,000 3,790,000 $ $ 3,700,000 TOTAL AVAILABLE RESOURCES 9,343,981 $ $ 11,937,828 12,010,705 $ $ 12,010,705 11,417,813 $ $ 10,819,111

EXPENDITURES 51020 GROUP INSURANCE-EMPLOYER

$ $ $ $ $

10,497 $ 15,245 $

15,758 $ 18,492 $

44,932 $ 27,234 $

44,932 $ 27,234 $

65,172 $ 36,634 $

65,172 36,634

51050 FICA EXP.-EMPLOYER

51080 WORKER'S COMPENSATION

-

$

297

$

498

$

498

$

633

$

633

51110 TMRS-EMPLOYER

20,181 $

27,621 $

42,782 $ 25,000 $ 376,601 $

42,782 $

56,310 $

56,310

51140 SALARY & BENEFIT ADJUSTMENTS

-

$

-

$

25,000

$

-

$

-

51470 SALARIES

$ 193,876 $

236,669 $

376,601 $

482,926 $

482,926

51590 CERTIFICATION PAY 51650 LONGEVITY PAY 51770 AUTO ALLOWANCE

$ $ $ $

- -

$ $ $ $

900

$ $ $ $

600 140

$ $ $ $

600 140

$ $ $ $

2,700

$ $ $ $

2,700

-

444

444

7,500

6,000

6,000 5,800

6,000 5,800

6,000 6,000

6,000 6,000

51800 DEFERRED COMPENSATION

-

-

PERSONNEL

$ 247,299 $

305,737 $

523,787 $

529,587 $

656,819 $

656,819

53340 OFFICE SUPPLIES/EQUIPMENT 53800 PROGRAM FOOD & REFRESHMENTS

$ $ $

15,257 $

$ $ $

7,180

$ $ $

7,180

15,486

$ $ $

19,000 $ 17,000 $ 36,000 $

19,000 17,000 36,000

-

-

-

$

-

SUPPLIES

15,257 $

15,486

7,180

7,180

$ 720,629 $ 1,456,359 $ 2,018,125 2,018,125 $ $ 1,733,083 1,733,083 $

53381 BUSINESS GRANTS

54320 COMPUTER SOFTWARE MAINT. 55090 PROFESSIONAL SERVICES

$ $ $ $ $ $ $ $ $ $ $ $ $

-

$

-

$

-

$

-

$

61,800 $ 289,000 $ 200,000 $ 35,500 $ 80,000 $ 27,500 $ 176,000 $

61,800 135,000 200,000 35,500 80,000 27,500 176,000

157,947 $ 32,124 $

496,829 $ 25,665 $

406,000 $ 320,000 $

406,000 $ 320,000 $

55120 ADVERTISING

55230 MEMBERSHIPS & SUBSCRIPTIONS 55235 TRAINING AND TRAVEL EXPENSES

- - -

$ $ $

- - -

$ $ $

- - -

$ $ $

- - -

$ $ $

55382 GRANTS/SPONSORSHIPS

55415 OTHER CONTRACTUAL SERVICES

390,233 $

318,082 $

62,000 $

62,000 $

56450 TELEPHONE SERVICE

-

$

-

$

-

$

-

$ $

3,000

$ $

3,000

57170 MISCELLANEOUS EXPENDITURES

21,879 $

86,265 $

150,000 $

150,000

-

-

SERVICES & PROFESSIONAL FEES

$ 1,322,812 2,383,201 $ $ 2,956,125 2,956,125 $ $ 2,605,883 2,451,883 $

58160 CAPITAL OUTLAY

- -

$ $ $ $

15,000 $ 15,000 $

15,000 15,000

$ $

- -

$ $

- -

CAPITAL OUTLAY

59305 TRANS TO 305 DEBT SERVICE 59347 TRANS TO 347-PARK DEV DEBT SER

249,700

$

-

875,000 $

875,000 1,000,000 $ $ 1,000,000

217,700 $

217,700

-

$

-

$

-

$

-

TRANSFERS

$ 467,400 $

217,700 $

875,000 $

875,000 1,000,000 $ $ 1,000,000

DESOTO DEVELOPMENT CORP

$ 2,052,768 2,922,123 $ $ 4,377,092 4,382,892 $ $ 4,298,702 4,144,702 $

FUND BALANCE-ENDING 7,291,213 $ $ 9,015,705 7,633,613 $ $ 7,627,813 7,119,111 $ $ 6,674,409

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