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DeSoto County board reviews September financials; revenues up slightly in general fund, all-funds down 6%
Summary
District CFO reported Sept. general fund revenue collections at $69,783,585 (about $71,000 higher than FY25) and all-funds revenues at $80,395,592 (down ~6% year over year). General fund expenditures through September were $75,432,999. The board approved revenue/expenditure statements, combined balance sheet and cash-flow statements.
The DeSoto County School District’s financial officer presented September financial statements at the Nov. 6 board meeting and asked the board to approve the monthly reports.
The CFO reported general fund revenue collections for September at $69,783,585, about $71,000 higher than the comparable FY25 figure of $69,711,884. The all-funds revenue figure for September was $80,395,592, which the CFO said was down roughly 6% compared with the prior year; the drop was attributed to the exhaustion of one-time drawdown funds earlier in the fiscal year.
General fund expenditures through September were reported at $75,432,999, up from FY25 expenditures of $58,397,708 through the same period; the CFO attributed the increase to the exhaustion of extra funds as well as recurring budget items such as salary increases. Expenditures for all funds were reported at $91,300,268 and described as in line with the budget.
The board approved the state-of-revenue-and-expenditure statement for September, the combined balance sheet (federal funds combined balance $192,496,054) and the statement of cash flows. The CFO reported the September cash balance for district maintenance at $191,452,185 and noted investments held with MetaCalNet and Regions Bank.
The meeting record shows the board approved certification of bank reconciliations for September with no exceptions and accepted the financial statements by voice vote.
