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Plante Moran gives Mount Clemens a clean opinion; auditors flag segregation-of-duties and a year-end journal adjustment
Summary
Plante Moran reported an unmodified opinion on Mount Clemens’ fiscal-year 2021 financial statements, highlighted $1.5 million general-fund revenue growth (largely CARES Act and a sidewalk-fund transfer), noted pension funding at about 104%, and reported two audit findings: segregation-of-duties challenges and a corrected duplicate journal entry for water and sewer receivables.
Plante Moran presented the city’s fiscal-year 2021 audit to the Mount Clemens City Commission and issued an unmodified (clean) opinion on the financial statements. "An unmodified opinion means the financial statements are appropriately stated and materially correct," audit partner Lisa Planca told the commission.
Plante Moran identified two items in its required communications letter. First, the auditors repeated a long-standing segregation-of-duties concern that is common in small local governments with limited staff; auditors said…
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