The City of DeKalb has been re-growing its post-recession General Fund reserve since FY2011, when a large reduction in force coupled with windfall revenues helped the city regain its financial footing. But are annual budget surpluses an indicator we’ve set out upon the right financial path? The latest Comprehensive Annual Financial Report (CAFR) is now available, so let’s see if we can spot the trends.
The years represented in the above chart are the fiscal years, each of which runs July 1 through June 30.
The reserve looks pretty good now, but I believe it has given city leaders the wrong idea. Read the rest of this entry