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Coldwater receives clean audit; general fund balance reported at about $7.6 million
City Council of Coldwater, Michigan · December 16, 2025
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Summary
Auditors issued a clean opinion for fiscal year ended June 30, 2025. Staff told council main revenues include property tax (~$5.3M), PILOT (~$3.7M), state shared (~$1.6M), marijuana revenue (~$756,000); general fund balance is roughly $7.6M with $3M assigned to projects.
City finance staff presented the 2025 audit and an accompanying financial overview, saying auditors reported no difficulties or material misstatements and issued a clean opinion for the fiscal year ended June 30, 2025.
The presentation summarized revenue sources and recent drivers of net…
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