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Bay City receives clean audit; general fund posts modest increase
Summary
Independent auditors delivered an unmodified opinion on Bay City's annual comprehensive financial report for the year ending Sept. 30, 2024, reporting increases in net position for both governmental and business-type activities and no material weaknesses; city council approved the ACFR.
Bay City officials approved the City of Bay City's Annual Comprehensive Financial Report (ACFR) for the fiscal year ending Sept. 30, 2024, after an independent auditor told the council the firm issued an unmodified opinion and found no material weaknesses.
Melissa Terry, a certified public accountant and partner with the city's auditing firm, told the council, “we have completed the audit,” and said auditors issued the same unmodified opinion the city has received in past years. Terry said the audit identified…
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