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Council accepts Plant Moran audit showing $95 million fund balance, auditor flags fixed-asset adjustments
Summary
Auditors from Plant Moran delivered an unmodified opinion on the City of Warren’s fiscal 2024 financial statements, reported a single finding related to fixed-asset and grant-revenue adjustments, and the council voted to receive and file the audit.
Plant Moran presented the City of Warren’s audit for the year ended June 30, 2024, and council voted to receive and file the audit documents after questions from council members and city staff.
The audit team said the city received an unmodified (clean) opinion on the financial statements. Joe Brickie of Plant Moran told council that general fund revenues rose about 7.6% in fiscal 2024 and that the city ended the year with a general fund fund balance of about $95 million, including an unassigned fund balance of roughly $24.3 million (about 19% of fiscal‑year 2024 expenditures). Auditors also reported roughly $17.9 million of ARPA funds remaining to be spent.
The audi…
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