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 2018 | Total | Per 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 |
|