Alpena Council Gets Update on City BudgetMon, 26 Apr 2021 06:04:09 EDT
Alpena City Council members recently heard the City of Alpena's most recent quarterly financial report.
City Clerk/Treasurer/Finance Director Anna Soik mentioned that as of March 31st, general fund revenues and expenditures should be at 75%. Revenues were nearly 7 point 8 million dollars ($7,761,343.00) which was almost 76 percent (75.87%) of the estimated budget of over 10 point 2 million ($10,229,664.00). Soik said that is higher due to the receipt of property taxes.
As for general fund expenses, year to date expenditures were less than 7 point 5 million dollars ($7,452,321.00) which was almost 72 percent (71.85%) of the estimated budget of almost 10 point 3 million ($10,372,279.00). This results in a surplus of over 309 thousand dollars ($309,022 .00).
The City's fiscal year ends June 30th of this year.
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