City to unveil new budget May 1
The City of Alpena is in the final quarter of its fiscal year and nearly ready to unveil a new budget for 2017-18.
The city’s budget year begins July 1 and ends June 30.
Treasurer Karen Hebert told the municipal council this week, that revenues were well above budget at the end of March, and expenses slightly below.
She said the fire department is running slightly over budget but she expects the department to fall into line by the end of June. She also doesn’t see any big surprises on the horizon.
The city is currently estimating an annual surplus of $134,462 in the general fund balance. That would bring the overall balance in the account to over $3.3 million.
In the meantime, Hebert says a first draft of the 2017-18 fiscal year budget is nearly complete and will be rolled out to city council on Monday, May 1. It will then be put on public display for residents to review. A public hearing on the new budget will be held on Monday, May 15.