Transparency

FINANCIAL TRANSPARENCY

The City of DeSoto is committed to providing full transparency to not only its citizens, but the end users of the financial reports and information that it disseminates.

FINANCIAL SUMMARY

The following summary data is from the government-wide Statement of Activities in the City’s Comprehensive Annual Financial Report (CAFR).  The government-wide Statement of Activities reports the results of the City’s operations on an accrual basis of accounting under which revenues are recognized when earned and expenses are recognized at the time the liability is incurred.  

The per capita figures are based on the city’s 2018 estimated population of 53,568. 

FY 2018TotalPer Capita
REVENUES

Property Taxes - Governmental
$ 27,117,831
$  506
Sales Taxes - Governmental
$  8,334,059
$  156
Other Revenues - Governmental
$ 13,822,010
$  258
Operating Revenues - Business-type
$ 27,869,514
$  520
Total Revenues:$ 77,143,414$ 1,440
EXPENSES

Expenditures - Governmental$ 51,293,679$  958
Operating Expenses - Business-type$ 24,617,090$  460
Total Expenses:$ 75,910,769$ 1,417
OTHER ITEMS

Other Financing Sources / (Uses)$  2,170,108$   41
Non-Operating Revenues / (Expenses)$    (324,677)$    (6)
Capital Contributions / Transfers$  (2,123,808)$  (40)
Total Other Items:$   (278,377)$   (5)
OTHER INFORMATION:

Full Time Equivalent Positions            326
2018 Population        53,568