For the first time in many years Alpena County has ended a fiscal year with a general fund budget deficit.
During a year-end audit of the 2019 books this week, it was revealed that revenues came in at approximately $9.48 million and expenses at $9.98 million for a shortfall of just over $500,000.
That was down from the county’s original projected deficit of nearly $756,000.
The county still has a very healthy general fund balance or savings account of over $4.6 million or 46.5 percent of expenses. That is approximately three times higher than what many other municipalities have in their fund balances.
The year-end audit was conducted by Straley, Lamp & Kraenzlein.
The county is projecting a deficit of over $1.3 million in the current fiscal year.