DeKALB – It wasn’t long ago that DeKalb had only a $22,000 surplus in the general fund.
Now, with the Fiscal Year 2011 audit almost complete, city officials say they are looking at a $6.3 million surplus.
The DeKalb City Council on Monday will be asked to amend last year’s budget, allocating $3.6 million of that surplus into eliminating the deficits found in funds for the city’s airport, workers compensation and capital projects.
The big gains in the general fund came from a variety of sources, Assistant City Manager Rudy Espiritu said, but primarily can be credited to a bigger return on investments, bigger gains in city revenues and cost-cutting measures such as the 20 layoffs the city approved in 2010. [emphasis added]
This is not the first time they’ve mentioned only the layoffs and left out the Voluntary Separation Program (VSP) and in this case it’s not forgivable. Why? Because the VSP was specifically designed to help eliminate General Fund deficits that, earlier in the year, were projected to grow to $5 million by 2012.
Let me put it another way: they mostly closed the gap by getting rid of people, but that doesn’t really fix the things that need fixing. Here’s the comment I left at the DC website: Continue reading Addressing Media Coverage of the DeKalb’s Latest “Surplus”