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Auditor issues unmodified opinion; Birmingham posts $55.9M fund balance with $26M unassigned
Summary
Plante Moran presented an unmodified audit for fiscal year ending 6/30/2025, reporting a roughly $4.1M increase in the general fund, approximately $30M invested in capital projects, ARPA spending of about $400,000, a total fund balance of $55.9M and an unassigned fund balance of $26M; pension funding reported at about 86% and OPEB at 142%.
Auditors from Plante Moran presented the city's fiscal year 2024–25 audit to the Birmingham City Commission on Dec. 15 and issued an unmodified opinion on the financial statements.
Presenter Spencer Towa (Plante Moran) said the audit team found no internal control deficiencies and reported several key figures: the city's general fund balance increased by approximately $4.1 million during the year; roughly $30 million was invested in city…
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