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Sterling Heights receives FY2025 audited financial report; auditors issue clean opinion
Summary
Council voted to receive and file the city's FY2025 annual comprehensive financial report after auditors issued an unmodified (clean) opinion; the city added $2.1 million to general fund reserves and reported a $42.7 million increase in net position.
Sterling Heights City Council voted to receive and file the city's fiscal year 2025 annual comprehensive financial report after an audit by Raymond Robson LLP returned an unmodified opinion.
Assistant Finance & Budget Director Nick Mackey summarized the report: the city's net position increased by $42,700,000 year over year, driven largely by infrastructure investments; general fund revenues totaled…
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