A preliminary fourth-quarter financial report indicates an economic turnaround for the city of Omaha, which went from a $13 million budget shortfall in June to a $10 million surplus at year's end.
"Turning the $13 million deficit into a $10 million surplus was difficult," said Mayor Jean Stothert. "Every city department worked hard to accomplish this savings. This was achieved through a variety of cost-saving measures, including a hiring freeze, delayed purchases and generally doing more with less. At the same time we maintained or improved city services."
The only department to go over budget was the fire department, projected to be $6.2 million over. With $5.3 million from the contingent liability fund utilized to fund the department, OFD will end the year $900,000 over budget in the general fund.
The surplus will be carried over to 2015. It cannot be used this year since that budget has already been approved by the City Council.
The final 2013 financial report is expected in June.
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