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.


Photo:
Alpena County Treasurer Kim Ludlow.


   



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