Ann Arbor Golf Courses Back in General Fund
Because a deficit elimination plan approved by the Ann Arbor city council in 2008 has not erased the unrestricted deficit in the golf enterprise fund, the Ann Arbor city council has now moved the accounting for the city golf courses back into the general fund. The vote was taken at the council’s Dec. 3, 2012 meeting, with only Mike Anglin (Ward 5) dissenting.
The move is effective July 1, 2013, which is the start of the 2014 fiscal year, and will satisfy the need to have a deficit reduction plan for the golf enterprise fund. The condition of the separate golf enterprise fund had caught the attention of the state treasurer’s office in 2008, which had led the council to … [Full Story]