Alpena County Budget - Better Last Year Than Expected Fri, 14 Jan 2022 06:03:08 EST
Alpena County budget numbers for 2021 turned out to be better than expected.
Presenting her monthly report during a recent Finance / Ways and Means Committee meeting, Alpena County Treasurer Kim Ludlow says additional revenue came in that was not expected, winding up around 1-hundred 58 thousand dollars in the black. With 4th quarter budget adjustments and to head off a negative year end balance, 8-hundred thousand American Recovery Plan Act (ARPA) Dollars was used to cover the deficit originally projected to be 1-point 2 million and higher.
All revenue collected totaled over 11 million, with expenditures of nearly the same, while cash on hand amounted to 4-point 3 million, of which 5-hundred 67 thousand was reserved.
Ludlow saying of the budget overall, "We ended the year a little bit better than anticipated."
Final figures are still subject to an audit.
Alpena County Treasurer Kim Ludlow.
WebReadyTM Powered by WireReady®NSI