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Auditors give Bloomfield Hills a clean opinion; board accepts financial statements and is seeking voter approval of sinking fund replacement
Summary
Plant Moran presented an unmodified audit opinion on the district's financial statements for the year ending 06/30/2025. The board voted to accept the audited statements 6-0. Staff reported general fund revenue of roughly $110.5 million, an ending general fund balance of about $24.5 million, and noted the federal Single Audit issuance is pending a
Jennifer Chambers of Plant Moran presented the annual financial audit for the fiscal year ending June 30, 2025, and told the Board of Education on Oct. 27 that the firm had issued an unmodified opinion on the district's financial statements.
Chambers said compliance testing of sinking fund and bond expenditures revealed no issues. She noted the separate federal programs audit (single audit) is complete as to…
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