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County is ‘in excellent shape’ financially

July 31, 2012
Steve Schulwitz - News Staff Writer , The Alpena News

ALPENA - Alpena County is in excellent financial health, according to its 2011 audit report. Certified public accountant Mark Sandula of Straley, Ilsley & Lamp presented the 2011 audit report to the Alpena County Board of Commissioners during Tuesday's commissioners' meeting, showing the county had increased its fund balance by $93,221 over the end of fiscal year 2010. The total amount in the fund balance, which is unassigned, is $2,764,857, or 31.2 percent of the general fund, and enough to keep the county operational for 114 days.

Sandula said Alpena County had done a good job of controlling spending, which led to the increase in the fund balance. He said in 2011 the county's overall revenue was $8,945,507, while its expenses were $8,852,286. That amounted to the county spending $24,253 a day last year. Sandula said he was pleased with the way the county conducted business in 2011.

"Overall the system of internal control is excellent, and I'm very happy with the way the records are put together," Sandula said. "The employees are very diligent and up to task, and everything was appropriately recorded."

Sandula also gave a rundown on the amount of money collected for millages and a surcharge in 2011. He said the millage money allows the county to provide services it wouldn't be able to afford without the tax. Some of the millages approved by voters include youth and recreation, older persons, the library, and the hospital.

"There was a lot of money collected and used for services in the County of Alpena, which is over and above what you are able to produce with the general fund," Sandula said. "The money was collected in your tax roll and distributed to each of the funds."

Sandula ended his report by saying Alpena County is in good financial health.

"I can tell you the county is in excellent shape. Not too many counties have $2.7 million in equity. There are many counties who would be jealous of what the county has."

In other business:

Steve Schulwitz can be reached via e-mail at sschulwitz@thealpenanews.com or by phone at 358-5689.

 
 

 

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