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Mount Clemens accepts 06/30/2020 audit; auditors flag controls and ice-arena bookkeeping
Summary
Plante Moran issued an unmodified (clean) opinion on Mount Clemens— 06/30/2020 financial statements; the auditors noted recurring year-end adjustments, segregation-of-duties limits and recommended user-access reviews; the commission voted to accept the audit.
Mount Clemens commissioners voted to accept the city—s fiscal-year 06/30/2020 financial report and management letter from audit firm Plante Moran after a presentation and commissioners— questions.
Plante Moran—s presenter Lisa said the firm issued an "unmodified opinion," the highest level of assurance an auditor can provide, and highlighted that the general fund added to fund balance in 2020 despite pandemic pressures. Shawana Jackson, identified in the presentation as a senior manager at Plante Moran, walked commissioners through revenue and expenditure trends and fund-balance history, noting 2020 revenues dipped slightly from 2019 as state shared revenue and charges for services fell,…
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