In a recent post about the latest Executive Partners, Inc. (EPI) involvement with the City of DeKalb as its financial consultant, I expressed anxiety about a proposal to privatize the city’s water. Turns out, that’s not the EPI proposal for the Water Division, and I’m sorry to have led you astray. It’s a PILOT (not…
Tag: water division
Updated Year-Over-Year Revenue Tracking
I’ve re-visited previously published revenue tables in an ongoing effort to monitor DeKalb’s financial recovery. Are we yet on solid financial ground? Make the jump to see what you think. (FYI this is a long one, folks.)
More Water Games
Minutes of the January 12 special joint meeting of City Council and Financial Advisory Committee yielded this: Mr. Espiritu discussed the fund balances along with suggestions to make them sustainable. He recommended that the General Fund build up a 25% fund balance with the City setting aside 5% per year over a 5-year period. Also,…
Water Games
They did it again. Last night at Council (CoW), while discussing the city’s financial outlook, it was reported that the Water Fund is operating at a deficit, and, whew! good thing they raised water rates or else it would be really out of control! What a crock. The Water Division is a money maker (pp.…