Muskegon Heights audit shows deficit wiped out, positive general fund balance | MLive.com
For the first time in four years, Muskegon Heights finished a fiscal year with a positive general fund balance.
The city, which faced a large budget deficit a few years ago, showed $676,000 in the savings with its general operating fund when the 2011 fiscal year ended Dec. 31.
The completed audit, which showed that positive fund balance, was presented this week during a City Council work session.
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