Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bay City audit: independent auditors give clean opinion; general fund balance at about 21%
Summary
An independent audit of Bay City’s fiscal year ending June 30, 2025, found no material weaknesses and returned an unmodified opinion; the city received a GFOA certificate, general fund revenues rose (property-tax growth cited) and the fund balance sits near 21% of expenditures.
Bay City’s annual comprehensive financial report for the year ending June 30, 2025, received an unmodified (clean) opinion from Yo and Yo CPAs, the auditors told the City Commission on Jan. 5.
“At the end of our work you are issued an unmodified opinion, which is the highest level of assurance offered,” said Jamie Rivett, partner in charge of the audit for Yo and Yo. The firm also reported no material weaknesses or significant deficiencies in the city’s internal controls.
The presentation summarized the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
