Aldermen and FAC take first attempt a remediation before 2019 budget deadline
DeKALB – Once it was made public the city has a newfound $1.8 million budget deficit, the DeKalb mayor conceded his council is in “deep doo-doo.”
Aldermen and Finance Advisory Committee members squabbled Tuesday night over 2019 budget talks, in light of the realization of the $1.8 million shortfall. It is the direct result of an unauthorized transfer of $250,000 from the city’s health benefits funds to the terminal reserve fund, officials have said.
“Prior to [the Nov. 5] meeting being canceled, an agenda item was prepared, and during the course of that prep, city staff noticed there were items on the agenda that needed to be addressed in greater depth,” interim City Manager Raymond Munch said Tuesday night.
The joint meeting to continue the fiscal 2019 budget-setting process was rescheduled after city officials discovered $250,000 had been taken out of the city’s health insurance fund in 2017 and placed into the general fund to cover budget-balancing measures for fiscal 2018.
The discovery prompted Mayor Jerry Smith to place former interim City Manager Molly Talkington on paid administrative leave.