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Sterling Heights receives clean audit: general fund rises, roads and ARPA spending highlighted
Summary
City officials presented the Annual Comprehensive Financial Report for fiscal year ended June 30, 2024; auditors issued an unmodified (clean) opinion, reporting a $40.4 million increase in net position and a general fund balance of $40.8 million (32.8% of expenditures). Council voted to receive and file the report.
Sterling Heights council received and filed the city's Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2024, after a presentation by Assistant Finance and Budget Director Nick Mackey and independent auditors from Raymond Robson LLC.
Audit findings and finances: Auditor Daniel Clark reported an unmodified (clean) audit opinion and noted no material audit adjustments or findings. Mackey…
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