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Independent audit gives Saginaw unmodified opinion; pension grant drives 2024 revenue spike
Summary
Firm Yo and Yo presented an audit through June 30, 2024, issuing an unmodified opinion and noting a $22.6 million state pension grant that increased reported revenues and expenditures; no audit findings or single‑audit issues were reported.
An independent auditor presented Saginaw’s annual audit through June 30, 2024 and issued an unmodified opinion, the highest level of assurance, the auditor reported to the council.
Jamie Rivett of Yo and Yo highlighted that the city's general fund revenue showed a notable increase in 2024 primarily because of a state pension grant of roughly $22.6 million. Rivett explained that the grant is recorded as both…
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