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DeSoto reports general fund revenue at 63% and reviews proprietary funds
Summary
Interim Finance Director Lakita Sutton told the council the city is 33% through the fiscal year with roughly 63% of general fund revenue collected; the report included details on property and sales tax shares, utility and sanitation funds, and Thorn Tree golf results.
Interim Director of Finance Lakita Sutton delivered the January 2026 financial report on Feb. 16, telling the council the city was roughly 33% into the fiscal year and “at 63% of our general fund revenue.” She attributed the majority of that revenue to property taxes (84.7%) and reported sales tax at approximately 20.1% of revenue to date.
Sutton walked council through year‑to‑date expenditure percentages across major funds. She said general fund expenditures were about 28.7% of budgeted appropriations; the public utility fund and sanitation fund showed different pacing versus last year, with sanitation expenditures and revenues roughly on schedule. Sutton also reviewed Thorn Tree golf club financials, saying the club ended the calendar year with a revenue‑over‑expenditure result (a modest gain versus budget) and provided the specific figures shown in the packet.
Council members asked clarifying questions about Thorn Tree profitability and whether the course required city subsidies. Sutton answered that Thorn Tree produced a gain for the year and that the golf course had not required an out‑of‑pocket subsidy for the period discussed. No action was required; the report was received for information.
