Alpena Council Adopts 2021-22 BudgetWed, 09 Jun 2021 06:01:08 EDT
The City of Alpena is planning on fiscal year 2021-22 as Alpena City Council adopted budget numbers Monday evening (June 7th).
City officials say, next year, the city is projected to receive over 10 point 5 million dollars ($10,531,313.00) in revenue and have almost 10 point 8 million ($10,764,877.00) in expenditures. That would result in a deficit of almost 234 thousand dollars ($233,564.00).
City Clerk/Treasurer/Finance Director Anna Soik mentioned that the city's fund balance forecasted at the end of next year is nearly 3 million dollars ($2,991,851.00). This means the projected fund balance percentage at the end of next fiscal year is just almost 28 percent (27.79%%).
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