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Ishpeming finance director reports June balances; staff files audit extension, applies solar grant funding
Summary
Finance director reported June fund balances, explained timing differences due to large capital projects and grant reimbursements, announced an audit filing extension and confirmed an award for a solar grant for Brass Wire Campground.
Ishpeming’s finance staff presented the council with the June revenue-and-expenditure report and recommended actions at the July meeting.
Finance reported key figures for June: a general fund ending balance of about $1,248,000; personnel services remain the largest expenditure category year to date; major and local streets showed shortfalls driven by delayed state revenue sharing and elevated winter maintenance costs; the sewer fund reflected significant professional/contract services (CWSRF-related) with large…
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