Assembly reviews mid-year financial report, approves legislative priorities
February 6, 2020
During their last meeting on Tuesday, Jan. 28, the Wrangell Borough Assembly got to take a look at their financial situation from the past six months. The current budget, for FY 2020, was adopted last June.
As of Dec. 31, 2019, total revenue for Wrangell's general fund has been about $3.5 million, and about $2.7 million in expenditures. The general fund is currently sitting at a profit of $869,251. However, for the entire financial year the general fund is expected to bring in a little less than $6 million, but expenditures will be around $7.4 million, meaning the general fund will have a $...