DeSoto FY21----FY22-Approved-Budget

COOPERATIVE EFFORTS Southwest Regional Communications Center Fund Fund 111

The City of DeSoto partners with other Best Southwest Cities on initiatives that will significantly decrease expenses associated with operational costs. One of these joint ventures is the Southwest Regional Communications Center (SWRCC), which includes participation from the Cities of Cedar Hill and Duncanville. In FY 2021 SWRCC will begin with a working capital balance of $320,076 and is projected to end with a working capital balance of $360,260, which translates to an increase of 11.1% throughout the year. SWRCC – Equipment Replacement Fund Fund 413 This Equipment Replacement Fund was created as a multi-year financial planning tool for the purchase of electronic equipment for the Southwest Regional Communications Center. In FY 2021 the SWRCC Equipment Replacement Fund will begin with a FB of $444,511 and will end with a projected FB of $316,461. This represents 22.4% decrease throughout the year. This increase is due to payment of principal and interest payment for the new 911 software. SALES TAX CORPORATIONS The City of DeSoto has two (2) sales tax corporations: the DeSoto Park Development Corporation (DPDC) and the DeSoto Economic Development Corporation (DEDC). Collectively, the DPDC and DEDC receive a percentage of the two (2) cents sales tax collected by the State of Texas and distributed to the City of DeSoto. The DPDC receives 1/8 cent; the DEDC receives 3/8 cent. Park Development Corporation Fund Fund 118 This fund will begin FY 2021 with a FB of $692,473 and is projected to end the year with a FB of $1,029,273 which represents a 51.7% increase in FB throughout the year. This increase is due to the decrease in debt payments budgeted in FY21 and no projects budget through Fund 118 for FY2021.


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