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Auditor gives Coldwater a clean opinion; general fund about $6.7 million
Summary
Taylor Plant presented the city’s 2024 audit, reporting a clean opinion and highlighting a roughly $6.7 million general fund balance, higher property tax collections, ARPA/Act 51 transfers for streets, and notable capital spending including a $470,000 public safety vehicle and a $300,000 leaf‑vac truck.
Paul Plant of Taylor Plant (Watkins) presented the City of Coldwater’s annual audit during the Dec. 16 meeting and reported a clean audit opinion with no material findings.
Key takeaways Paul Plant identified for council:
• General fund: approximately $6.7 million in fund balance and a healthy overall position. • Property taxes: collections up roughly 6%…
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