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DeSoto finance director reports April and May finances; council seeks overtime and debt-service detail
Summary
Interim Finance Director Lakita Sutton presented the City of DeSoto's April and May 2025 financial reports, detailing year-to-date revenue and expenditure percentages and noting interest revenue outperformance.
Interim Finance Director Lakita Sutton presented the City of DeSoto's April and May 2025 financial reports, reporting year-to-date revenue and expenditure percentages for the general fund, public utility fund and sanitation fund and noting stronger-than-expected interest revenue.
Sutton said, "As of the May, we are 67% into the fiscal year," and reviewed key budget lines: the general-fund revenue budget of $64.3 million and a year-to-date collection rate of 84.5%…
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