The Dons made losses last year of £1.4m but managed to renegotiate the terms of their £10m bank loans.
The bad news is the cash has to be paid back over the next five years but Milne told shareholders at the club’s annual general meeting he has no concerns about the future of his club.
Plans to move to a new stadium on the outskirts of the city have been put on ice while the finances are put in order and they can thrash out a deal with the council.
Milne has the personal funds to guarantee all of the massive borrowings while heavy-hitting investors Aberdeen Asset Management will transfer more than £3m of loans into equity in the next 12 months to lessen the strain.
While the outlook for many clubs in Scottish football is perilous the Dons chairman has no worries about Aberdeen.
He said: “I think we have the club in a fairly sound position.
“It has been a challenging period for Scottish football in the last five years. No one is under any misapprehension about the difficulties faced by clubs in Scottish football but we’re as well placed as anyone.
“I think there are two things that will enable us to move the club into a more profitable position.
“One is the progress on the field and I think you can see Derek McInnes has done that on and off the park. That will undoubtedly have a substantial impact on the finances with the rise in attendances.
“The other aspect is we need to see the wider economy strengthen. In some respects we are more fortunate with the economy in the north compared with the rest of the UK but we need to continue to work hard.
“I think fans are well aware of the consequences for clubs who consistently live beyond their means.
“We see it as a responsibility to ensure the club is here for a very long time.”