The Alto city government’s general fund finished 2013 in the black, but only after it transferred in funds from its water fund.
Alto’s general fund had revenues of $541,600 and expenses of $596,700. But after receiving a $31,000 grant and moving $50,000 from its water fund, the city ended up $25,800 in the black on the year.
Alto’s general fund reserves now stand at $226,900.
The town’s water fund had a net income of $102,900 on the year from $515,000 in water sales. SPLOST funds added another $55,400 to the net before $50,000 was transferred to the town’s general fund.