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DeSoto DDC reports steady early-year finances; board hears November–December status
Summary
At its Feb. 12 meeting the DeSoto Development Corporation reviewed November–December 2025 financials showing a $3.0 million annual revenue budget, modest early collections and an $11.1 million fund balance as of Nov. 30; staff attributed year-to-year variances largely to timing of invoicing and personnel costs.
At its Feb. 12 meeting the DeSoto Development Corporation heard a financial status report from Kita Sutton, interim director of financial services, covering November and December 2025. Sutton told the board the DDC’s annual revenue budget is $3,006,250 and that November collections totaled $59,166, approximately 2% of the budget.
Sutton said expenditures budgeted for the year were $5,304,001 and that the board’s year‑to‑date actual expenditures for November were $123,571 (about 2.3%).…
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