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St. Clair Shores receives clean FY2025 audit; auditors flag slow bank reconciliations
Summary
External auditors gave St. Clair Shores an unmodified (clean) opinion for fiscal 2025, reporting higher fund balances and no ARPA findings, but warned that bank reconciliations have lagged and recommended procedural and training changes to ensure timely month-end close.
Ali Barnes of audit firm Yo and Yo told the St. Clair Shores City Council that the city had received an unmodified, or "clean," opinion on its fiscal 2025 financial statements, calling that the outcome "you want." She said the general fund grew by about $1,000,000 and the city ended the year with roughly $18.6 million in total fund balance.
Barnes said general fund revenues totaled about $55.3 million for the year, an increase of roughly $9.5 million from the prior year driven largely by federal grant receipts, including ARPA awards that raised federal grants to about 16% of total revenue. She told council the city recorded about $54.3 million in expenditures and transfers and that transfers out (about $9.1 million)…
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