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Harper Woods council accepts 2024 audit; auditors issue unmodified opinion
Summary
City auditors Yo and Yo issued an unmodified opinion on the City of Harper Woods' 2024 financial statements. Council voted to receive and file the audit and a management report after a presentation and questions about pension and water-sewer reporting.
Harper Woods — City auditors presented an unmodified opinion on the City of Harper Woods’ 2024 financial statements, and the City Council voted to receive and file the audit and a related management report.
The audit partner, Jamie Rivett of Yo and Yo CPAs, told the council the unmodified opinion is the “highest level of assurance,” meaning the auditors found no material misstatements requiring modification. Rivett said the city recorded about $14.7 million in general-fund revenue in 2024, about 71% of which came from taxes, and reported an unassigned general fund balance of roughly $3.2 million, or about 24% of general…
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