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Auditors give Rochester Hills a clean opinion; council formally acknowledges receipt of 2024 financial report
Summary
Independent auditors issued an unmodified (clean) opinion on the City of Rochester Hills' 2024 financial statements. Council acknowledged receipt of the annual comprehensive financial report and discussed highlights including increased cash and investments and an OPEB asset position.
An independent signing principal from Raymond P LLC presented the City of Rochester Hills' annual comprehensive financial report for fiscal year 2024 and delivered an unmodified opinion on the city's financial statements. Council unanimously acknowledged receipt of the report during the May 12 meeting.
The auditor (Dan, signing principal) told the council the opinion was "unmodified" — the auditing term for a clean opinion — and that the city did not require a single audit because federal grant expenditures did not exceed the…
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