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February financials: city reports revenues ahead of schedule and MWBE participation at 20% for month
Summary
Assistant Finance Director Lakita Sutton told council March 17 that year‑to‑date general‑fund revenue collection for the fiscal year stood at about 70.7% of the annual budget as of February, slightly behind last year’s pace. The city reported general‑fund spending was at 36% of budget by February; the utility fund and sanitation fund
Assistant Finance Director Lakita Sutton presented the city’s February 2025 financial report to the DeSoto City Council on March 17 and reported revenues and spending levels through the month.
Sutton said the city is 41% through the budget year as of February. General fund revenue collections were about $45.4 million, or 70.7% of the FY25 annual budget of…
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