Summary
SAN BERNARDINO - Budget reserves are so low that City Treasurer David Kennedy says there was no real alternative to the latest round of budget cuts.
San Bernardino officials have yet to complete their accounting of the past fiscal year, but they expect to find the ending fund balance as of June 30 was a mere $1.7 million.See the full content of this document
Extract
San Bernardino's Till Near Empty
"The general fund is near zero," Kennedy said. "How can you be any worse than that?"
The $1.7 million is far below what the city's auditing firm, Rogers, Anderson, Malody and Scott, reports that the city should have. The city n...See the full content of this document
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