Pool Maintenance Fund Fund 408 The Pool Maintenance Fund provides resources transferred from the General Fund to fund annual and long-term maintenance programs for Moseley Pool. This fund will begin FY 2021 with a FB of $68,056 is projected to end the year with a FB of $50,106 which represents a decrease of 32.1% in FB throughout the year. This increase is due to flat (level) revenues, which are less than the anticipated expenditures for FY20.
Electronic Equipment Replacement Fund Fund 412
This fund is used for replacement of servers, computers, printers, and software throughout the organization and also our proposed ERP system. Fund 412 will begin FY 2021 with a FB of $3,328,535 and end the year with a FB of $794,621, which represents an 86.9% decrease in FB throughout the year. This decrease in FB is attributed to a new ERP system that will be implemented in FY2021and also capital outlay costs for the purchases of computer equipment for City employees. This fund will carry a FB into FY 2021 as part of a multi-year financial planning tool for electronic equipment replacement throughout the City.
Capital Improvements-City Fund 479
The Capital Improvement fund is intended for building and capital improvements within City. This fund will begin FY 2021 with a FB of $2,547,768 and will end with a FB of $1,899,768, which represents a 32.0% decrease in FB throughout the year. This fund reduction in FB is due to expenditures made for those improvements throughout FY 2021. Street Improvements – C.O. Bonds Fund 490 The Street Improvements – C. O. Bonds Fund is intended for street improvements that are funded through Certificates of Obligation. This fund will begin FY 2021 with a FB of $9,011,084 and will end with a FB of $7,731,084, which represents a 14.3% decrease in FB throughout the year. This fund is intended for street improvements within the City of DeSoto, and the reduction in FB is due to expenditures made for those improvements throughout FY 2021.
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