City Staff is committed to the judicious use of public funds. The employees of the Finance Department are responsible for the organization's financial management except for property tax administration, which is directed through the joint efforts of the county appraiser, county clerk, and county treasurer.
The Finance Department is responsible for:
Maintaining all financial records
Payment of city bills
Safekeeping of funds
City's financial planning and budgeting systems
Purchasing of goods and services for City departments
Moody’s Investor Service has recognized the City of De Soto sound fiscal management. As a result, Moody's Investor Service has given the City De Soto a rating of AA-. Sound bond ratings are important because they can reduce the interest rate the City pays on future bonded projects, saving taxpayers a considerable amount of money.
Relevant Financial Documents:
Each year the City produces an Operational Budget, Capital Improvement Plan (CIP), and Annual Financial Report (the "audit").