DeKalb County government’s mid-year finances are positive and its “rainy day” fund has grown to $89 million—enough to cover county operations for 1.75 months.
CEO Michael Thurmond said the county, which has a $1.2 billion annual operating budget, is close to meeting his year-end goal of having a full two months of funds in reserves to finance county operations.
Thurmond made the announcement on June 13 after presenting the FY2018 midyear budget amendments to the Board of Commissioners.
With the support of the Board of Commissioners, the county balanced the budget and projects a FY2018 midyear general fund balance or “rainy day fund” of $89 million, Thurmond said.
The Board of Commissioners is scheduled to make a final vote on the FY2018 midyear budget amendment on July 10.