1 Table of contents 528

DeSoto FY21----FY22-Approved-Budget

SECTION 00-COVER PAGE		1
SECTION 1-INTRODUCTION- Complete TC		7
Org Chart 2019.pdf		14
Sheet1		14
SECTION 2-BUSINESS PLAN-Complete TC		27
SECTION 3-BUDGET MESSAGE-Completed TC		37
SECTION 4-BUDGET POLICIES-Complete TC		45
Desoto Texas Debt Policy - Final 4-07-15.pdf		59
PART I - DEBT MANAGEMENT		59
1.0 POLICY		59
2.0 SCOPE AND APPLICATION		59
3.0 OBJECTIVES		60
d. bonds will be paid back within a period not to exceed, and preferably sooner than, the expected useful life of the capital project;		60
e. decisions will be made based on a number of factors and will be evaluated against long-term goals rather than a short-term fix;		60
f. debt service funds will be managed and invested in accordance with all federal, state and local laws;		60
g. the City will maintain cost-effective access to the capital markets through prudent policies;		60
h. maintain moderate debt and debt service payments with effective planning and coordination with City departments;		60
i. meet significant capital demands through debt financing and alternate financing mechanisms such as public/private partnerships, and		60
j. achieve the highest possible credit ratings within the context of the City’s capital needs and financing capabilities.		60
4.0 RECOMMENDATION RESPONSIBILITY		60
4.1 Primary Responsibility		60
4.2 Recommendation Considerations		60
5.0 DEBT STRUCTURE PRACTICES		61
5.1. Standard Terms		61
5.2. Fixed Interest versus Variable Interest		62
5.3. Summary		62
6.0 FINANCING ALTERNATIVES		62
6.1 General obligations bonds (“GOB”) – Utilized for strategic initiatives, unique projects and capital programs that will impact the debt service tax rate.		62
General obligations bonds (“GOB”) will be used if the following criteria are met:		62
6.2 Certificates of Obligation – For Essential Nonimpact capital projects		63
6.3 Certificates of Obligations – Enterprise Funds		64
6.4 Revenue Bonds		64
6.5 Other Debt Obligations		64
7.0 CREDIT ENHANCEMENTS		64
8.0 DEBT APPROVAL PROCEDURES		64
8.1. Approval by the City Manager		64
8.2. Review By Audit & Finance Committee (AFC)		65
9.0 DEBT LIMITATIONS		65
10.0 MATURITY LEVELS		65
11.0 METHODS OF SALE		65
11.1. Competitive Sale		65
11.2. Negotiated Sale		66
11.3. Private Placement		66
12.0 PERMITTED INVESTMENTS		66
13.0 REFUNDING OF DEBT		66
14.0 DEBT SERVICE TAX RATE		66
15.0 PROFESSIONAL ASSISTANCE		66
15.1. Bond Counsel		66
15.2. Financial Advisor (FA)		67
15.3. External Auditors		67
15.4. Underwriters		67
15.5. Trustees and Paying Agents		67
15.6. Rebate Consultant		67
PART II-ONGOING DEBT ADMINISTRATION		68
16.0 RATINGS		68
17.0 SECONDARY MARKET DISCLOSURE		68
18.0 ARBITRAGE LIABILITY MANAGEMENT		69
18.1. Arbitrage Rebate Responsibility		69
18.2. Two Year Spend-out Option		69
19.0 INTERNAL INTERIM FINANCING		70
20.0 DEBT MANAGEMENT POLICY REVIEW		70
DESCRIPTIONS of DEBT OBLIGATIONS/ALTERNATIVES		71
Financial Polices.pdf		54
DeSoto Financial Policies-Final.pdf		54
City of DeSoto		54
Fiscal		54
Investments – The investment policy is annually updated and approved by Council in compliance with the Texas Public Funds Investment Act. All investments are made in conformity with the Council approved policy.		55
Expenditures		55
Introduction		56
Emergencies		57
Unanticipated Expenditures		57
SECTION 5- FINANCIAL ANALYSIS Complete		77
FINANCIAL		78
[Intentionally Left Blank]		78
FUND STRUCTURE		83
1. General Fund:		83
2. Special Revenue Funds:		83
3. Debt Service Funds:		83
4. Capital Project Funds:		83
5. Enterprise Funds:		83
6. Internal Service Fund:		83
Untitled		86
SECTION 6-GENERAL FUND-Complete		134
GF Summarry.pdf		136
GF-Summary		136
GF EXP Summarry.pdf		144
GF-ExpenSum		144
GF Summarry 001.pdf		148
GenAdmSum		148
GF Summarry 001-010.pdf		151
Council Sum 01-10		151
GF Summarry 001-011.pdf		153
GenAdmSum 01-11		153
GF Summarry 001-013.pdf		159
GenAdmSum 01-13		159
GF Summarry 001-014.pdf		162
GenAdmSum 01-14		162
GF Summarry 001-015.pdf		164
GenAdmSum 01-15		164
GF Summarry 001-012.pdf		157
GenAdmSum 01-12		157
GF Summarry Finance.pdf		167
Finance-Sum		167
FinanceSum-02-10		169
FinanceSum-02-15		171
GF Summarry Dev.pdf		173
DevSerSum		173
DevSerSum-03-10		175
DevSerSum-03-11		177
DevSerSum-03-14		179
DevSerSum-03-20		181
DevSerSum-03-22		182
DevSerSum-03-34		185
GF Summarry Park.pdf		187
ParksSum		187
ParksSum-05-20		189
ParksSum-05-22		191
ParksSum-05-32		192
ParksSum-05-40		193
ParksSum-05-45		195
GF Summarry Fire.pdf		208
Fire Sum		208
Fire Sum -07-10		211
Fire Sum -07-13		213
SECTION 7-COOPERATIVE EFFORTS-Complete TC		242
SECTION 8-SALES TAX CORPORATIONS-Complete TC		256
SECTION 9-PUBLIC UTILITY FUND-Complete TC		268
SECTION 10-STORM DRAINAGE UTILITY FUNDS-Complete TC		288
SECTION 11-SANITATION FUNDS-Complete TC		298
SANITATION FUND SUMMARY.pdf		302
Sanitation552-SummaryWC		302
SANITATION FUND SUMMARY 1.pdf		307
Sanitation553-Summary		307
Sanitation-552-01-13-52summary		303
Sanitation552-3-20		304
Sanitation552-5-20		305
Sanitation552-99-1		306
SECTION 12-HOTEL OCCUPANY FUND-Complete TC		308
SECTION 13-DEBT SERVICE-Complete		314
DEBT.pdf		322
GO		322
CO		340
DPDC SALES TAX		364
DEDC Sales Tax		366
DESOTO ECONOMIC DEVELOPMENT		366
SECTION 14-SPECIAL REV FUNDS-Complete		368
SECTION 15-ALL OTHER FUNDS-Complete TC		397
SECTION 16-CAPITAL IMPROVEMENT PROGRAM-		425
SECTION 17-APPENDIX-Complete TC		503
BUDGET LIST OF ACRONYMS		505
NOTES		506
BUDGET GLOSSARY		507

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