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Lauderdale Lakes reports February financials; stormwater fund running a deficit
Summary
Assistant director of finance presented February 28, 2026 results showing year-to-date revenue of about $20.03 million (43% of budget), general expenditures trailing at ~29%, a stormwater fund deficit (revenue ~$728,000), and a solid-waste fund surplus; commissioners requested more detail on large general-administration budgets.
Assistant Director of Finance Cheryl Cuspa presented the city's operating statements as of Feb. 28, 2026, reporting year-to-date revenue of $20,026,611 (about 43% of the annual budget) and expenditures at roughly 29% of budget for the period. "As of 02/28/2026, the city's revenue is $20,026,611, approximately 43% of the budgeted revenue for the year," Cuspa said.
Cuspa said the stormwater proprietary fund was operating at a deficit with revenue of approximately $728,000 but that seasonal collections typically increase in summer months. The solid-waste fund showed a surplus, and annual special assessments for solid waste totaled $1,241,984 as of Feb. 28. The CRA/TIF payments produced an ending surplus of about $5,000,000 for the period. Commissioners asked for a deeper breakdown of the large "general administration" line, which was at about 8% of spend to date, and Cuspa agreed to follow up with more detail.
On court-settlement revenue, Cuspa reported $217,937 through Feb. 28, including $132,000 from a marketplace settlement; she said the marketplace lien had been satisfied as of that date. Commissioners raised code-enforcement and property-maintenance follow-up questions tied to settlement obligations, and the city attorney reiterated that ongoing code enforcement remains necessary.
