Dunwoody will close out 2025 with $11.8 million in reserves, well above the six-month mark for fund balance, according to an announcement from the city.
The city released new revenue numbers that show its financial position “is much stronger than anticipated.”
“According to the city’s year-end audit of 2024 financials, $3.5 million was added to Dunwoody’s reserves. In addition, the FY 2025 Mid-Year Budget Amendment will eliminate the planned use of fund balance for the current fiscal year,” the release said.
“Through careful planning, budgeting, and spending, we’ve added to the reserve every year since I became mayor. What’s more, we haven’t spent the reserves – even during the uncertainty of COVID and its aftermath,” Dunwoody Mayor Lynn Deutsch said.
For FY 2025, new projected revenues show $1.26 million more than the adopted budget, resulting in increases in the city’s tax digest, franchise fees, business and occupation taxes, and other factors. As a result, during its July 28 meeting, the council will consider an amendment eliminating its former plan to use $1.26 million from its fund balance in the current budget year.
The city is expected to close out FY 2025 with enough fund balance to cover 10 months of expenditures, well above the charter requirement to hold four months in reserve.
“I prefer six months to allow for the unexpected,” Deutsch said. “I’m so pleased with our current financial picture and appreciate the hard work it has taken to reach this point.”
The council will also discuss at the July 28 meeting, a 2024 audit, which found no significant issues, recognize Georgia Spelling Bee and third-place Scripps National Spelling Bee finisher Sarv Dharavane and discuss a holiday branding effort during the holidays, and perform a swearing-in ceremony for a new police officer.
