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Interim finance director: DeSoto near fiscal-year close with healthy fund balances; CDBG and golf course items flagged
Summary
Interim Finance Director Lakita Sutton reported the city is 92% through the fiscal year and showing stronger-than-expected revenue performance overall, with specific questions from council about CDBG spending, economic incentives and the golf course financials.
The DeSoto City Council received an August 2025 financial update on Sept. 15 showing most funds near budgeted targets as the fiscal year ends.
Interim Finance Director Lakita Sutton told the council that, as of Aug. 31, the city was about 92% into the fiscal year and had collected $60.6 million of $64.3 million in budgeted general-fund revenue — roughly 94.3% of budget. “Weare doing really great with our revenue,” Sutton said, and noted property tax and sales tax are the largest revenue sources. She also reported interest revenue exceeded the budgeted $900,000, with receipts just over $1 million, and ambulance service charges were at 135.6% of budget.
Sutton said general-fund expenses were $55.1 million of $65.8 million budgeted (about 83.8%…
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