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Madison Heights auditor signals clean opinion; city wins GFOA budget award
Summary
Auditor Raymond told council it expects to issue an unmodified opinion on FY2025 financial statements; the council also announced the GFOA distinguished budget presentation award for the FY2026 budget and reviewed recent pension contributions.
Madison Heights officials said the city’s finances are in solid shape as the council received a financial audit presentation and noted a national budget award.
Dan Merritt, principal with Raymond — the city’s independent auditor — told the council the firm expects to issue an unmodified opinion on the city’s FY2025 financial statements, meaning the statements are, in Raymond’s view, fairly presented in all material…
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