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Auditor reports clean opinion on Grand Haven FY24–25 financials; pension and OPEB trends highlighted
Summary
Auditor Mike Vradeveld told the Grand Haven City Council the FY24–25 audit received a clean opinion and outlined steady governmental net position, business‑type fund gains driven by the Board of Light and Power, and fluctuating pension and OPEB funding levels.
Mike Vradeveld, the audit presenter, told the Grand Haven City Council on Dec. 1 that the city’s fiscal year 2024–25 financial statements received a clean audit opinion. "Did have a good clean opinion on it," Vradeveld said, adding auditors had "no difficulties dealing with management."
Vradeveld summarized the report’s key points: governmental activities’ net position remained broadly stable; business‑type activity increases…
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