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DeSoto finance director reports April 2026 numbers; general fund at 80% of revenue target
Summary
Finance Director Lakita Sutton told the council the city’s April year-to-date revenues were $55.9 million (80.1% of budgeted $69.8 million), expenditures at about 55.2% of plan, and that utility and sanitation funds lag seasonal trends but are expected to improve in summer months.
Finance Director Lakita Sutton presented the City of DeSoto’s April 2026 financial report, saying the general fund had budgeted revenue of $69,800,000 and year‑to‑date actuals of $55,900,000 — about 80.1% of budget. "We are 7 months into the fiscal year, so about 58.8% into the fiscal year at this time," Sutton told the council, noting a year‑over‑year rise in revenue pacing compared with the previous year.
Sutton reported general fund expenditures at roughly 55.2% of budget and described several drivers: non‑departmental costs are higher (67.7%) because of final pay benefits and professional services, including search firms for executive roles. She said the public utility fund was at $18.4 million in revenue (52.9% of its $34.7 million budget), with water and sewer sales expected to increase during summer, and that the sanitation fund had received $4.5 million of a $7.9 million budget (57.6%).
On ancillary enterprise results, Sutton reviewed the golf club’s calendar‑year financials through March 2026 and said the budget shows a planned revenue over expenditures of $54,911; year‑to‑date actuals showed a $45,492 shortfall that staff expects to recover in summer months. She closed by directing council members to written fund reports and the property tax collections summary included with the packet.
