Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Taylor receives unmodified audit opinion, general fund grows amid ARPA carryover
Summary
Plante Moran presented the June 30, 2024 audited financial statements to the Taylor City Council. Auditors issued an unmodified opinion; the city’s general fund and unassigned reserves rose, driven in part by federal grants, while legacy pension/OPEB liabilities remain material.
Taylor City Council received and filed the city’s audited financial statements for the year ended June 30, 2024, after a presentation from auditors Plante Moran that highlighted an unmodified opinion and a larger-than-budgeted increase in the general fund balance.
Plante Moran partner Bill Brickey and audit manager Nate Sherib told council members the audit produced an unmodified (clean) opinion and that auditors did not identify any current-year internal control deficiencies. The council voted unanimously to receive and file the audit.
The auditors said the city’s general fund balance increased by about $6.2 million in 2024, which exceeded the budgeted increase of $3.7 million. Plante Moran attributed the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
