Category: Lauderdale Lakes
The General Fund had a $4.9M fund balance deficit in 2011 financial statements. There is no way that the General Fund does not still have a deficit fund balance for 2012. The city did have reserves $2M in the special assessment funds (stormwater and solid waste) for 2011, but a deficit of $4.9M in the General Fund. The General Fund still has a deficit fund balance for 2012- thus no reserve.