CITY OF DESOTO FUND 221 HOTEL OCCUPANCY TAX FUND DETAILS
Actuals FY
Actuals FY
Budget FY
Projected FY Proposed FY Planning FY
LINE ITEMS
2021
2022
2023
2023
2024
2025
FUND BALANCE-BEGINNING 1,800,250 $ $ 2,331,290 3,458,664 $ $ 3,458,664 3,530,564 $ $
447,264
31355
REVENUES 42710 HOTEL/MOTEL TAX 45670 THEATER REVENUES 46060 INTEREST REVENUE
$ 1,065,522 1,387,757 $ $ 1,000,000 1,300,000 $ $ 1,300,000 1,300,000 $
$ $
5,685 7,785
$ $
27,270 20,095
$ $
-
$ $
-
$
-
$
-
5,000
100,000 $
100,000 $
100,000
TOTAL REVENUE $ 1,078,992 1,435,123 $ $ 1,005,000 1,400,000 $ $ 1,400,000 1,400,000 $ TOTAL AVAILABLE RESOURCES 2,879,242 $ $ 3,766,413 4,463,664 $ $ 4,858,664 4,930,564 $ $ 1,847,264
EXPENDITURES 51050 FICA EXP.-EMPLOYER 51110 TMRS-EMPLOYER 51530 SALARIES OVERTIME 51560 SALARIES-PART TIME 51080 WORKER'S COMPENSATION
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
- - - - - -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
1,113
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
- - - - - -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
- - - - - -
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
- - - - - -
$ $ $ $ $ $ $ $ $ $
- - - -
552
1,724 15,343
-
60,000 60,000
PERSONNEL
18,732
-
53040 OTHER EQUIPMENT
44
-
-
-
-
600
53340 OFFICE SUPPLIES/EQUIPMENT 53520 FURNITURE & FIXTURES
383
97
600
600
600
-
-
-
-
-
-
SUPPLIES
427
97
600
600
600
600
- -
54050 REPAIR & MAINTENANCE 54350 ATHLETIC FIELD MAINTENANCE 54380 NANCE FARM MAINTENANCE 55090 PROFESSIONAL SERVICES
-
10,175
- -
20,000 $
620,000
92,390 32,766
-
-
$
-
50,000 $ 271,000 $
6,792
25,000 $ 921,000 $
50,000 $ 46,000 $ 20,000 $
50,000 46,000 20,000
102,924 $ 13,196 $
21,418 $
20,000
55120 ADVERTISING
15
5,000
- -
55170 RENTAL-BLDG LAND & SPACE
12,237 22,923 1,338
- -
- -
- -
$ $
- -
55206 CVB EXPENDITURES
84,721 $
160,000 $
55210 ARTS GRANTS
160,000 $
160,000 $ 16,700 $ 10,000 $ 150,000 $ 10,000 $
160,000 16,700 10,000 190,000 10,000
6,500
55230 MEMBERSHIPS & SUBSCRIPTIONS 55235 TRAINING AND TRAVEL EXPENSES 55455 HOTEL EVENTS EXPENSE 55460 TOURISM & BRAND EXPENSES 55616 YOUTH TOURNAMENT EXPENSE
88
-
6,500
-
2,241
883
-
53,509 $
75,622 $
100,000 $ 100,000 $
150,000 $ 200,000 $
102,598 21,075 15,149
2,831
-
(1,678)
$
-
$ $ $ $
- - - -
$ $ $ $
- - - -
20,000 $
55630 COMMUNITY INITIATIVE 56450 TELEPHONE SERVICE
74 81
10,000
- -
-
$ $
- -
57503 SPECIAL EVENTS
151,045 $ 528,793 $
12,030
SERVICES AND PROFESSIONAL FEES
307,651 $
877,500 1,327,500 $ $
482,700 1,122,700 $
$ $
- -
58080 BUILDING IMPROVEMENTS
- -
$ $
- -
$ $
- -
$ 4,000,000 $ 4,000,000
$ $
- -
CAPITAL OUTLAY
OPERATING EXPENDITURES
$
547,952 $
307,748 $
878,100 1,328,100 $ $ 4,483,300 1,183,300 $
TOTAL EXPENDITURES
$
547,952 $
307,748 $
878,100 1,328,100 $ $ 4,483,300 1,183,300 $
FUND BALANCE-ENDING 2,331,290 $ $ 3,458,664 3,585,564 $ $ 3,530,564 $
447,264 $
663,964
Reserve Requirement - 25%*Proj. Rev. $
269,748 $
358,781 $
251,250 $
350,000 $
350,000 $ 97,264 $
350,000 313,964
Amount over/(under) Reserve Requirement $ 2,061,542 3,099,884 $ $ 3,334,314 3,180,564 $ $
Highlights FY2024: Nance Farm Renovation
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