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DeSoto financial report: general fund tracking near expectations; HUB spending and school resource reimbursements draw council questions
Summary
Assistant Finance Director Lakita Sutton presented the March 2025 monthly financials showing general fund revenue at about 73% of budget year‑to‑date, expenditures near expected pacing, and continued discussion about HUB program percentages and how school resource officer reimbursements are displayed.
At the April 14 special meeting, Assistant Finance Director Lakita Sutton presented the city’s March 2025 monthly financial report and answered council questions about several revenue and expense lines, the HUB‑spend goal and reimbursements that offset departmental overtime.
Sutton said the general fund budget for fiscal 2025 is $64,294,000 and reported year‑to‑date general fund revenue of $46,934,268, or roughly 73% of budget at the March reporting date. She said general fund expenditures were at about 42.6% of the budget ($27,229,000 spent year‑to‑date), roughly in line with expectations for midway through the fiscal year. “So we’re right…
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