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City auditor issues unmodified opinion for fiscal year 2023–24; council hears presentation
Summary
The city’s independent auditors issued an unmodified (clean) opinion on the City of Farmington Hills’ fiscal year 2023–24 financial statements; the report showed an increase in general fund balance and significant capital investment in roads and infrastructure.
City Council received the presentation and results of the independent audit for the fiscal year ending June 30, 2024. Yo and Yo CPAs issued an unmodified opinion — the highest level of assurance — indicating there were no material modifications necessary to the financial statements.
The auditor, Jamie Rivett, reviewed highlights: general fund revenues rose about $1 million year‑over‑year, driven…
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