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Walled Lake auditors issue unmodified opinion; council approves filing of FY2025 financials
Summary
Independent auditors delivered an unmodified opinion on Walled Lake's FY2025 financial statements, noting a $1.1 million gain in the general fund and reductions in legacy retirement liabilities; the council voted to authorize timely filing with the state.
An independent auditor from Pfeiffer, Hanover & Palca told the Walled Lake City Council on Nov. 18 that the firm will issue an unmodified opinion on the city's FY2025 financial statements and recommended timely filing with the state of Michigan.
The auditor said the city increased its general fund balance by $1.1 million, a 24% rise that left the fund at about $5.8 million at…
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