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Mount Clemens receives unmodified audit opinion; charter amendment improves fiscal outlook
Summary
Plante Moran gave the City of Mount Clemens an unmodified opinion for the 6/30/2015 audit and said a recent charter amendment reversed a projected multi-year deficit, improving fund balance projections while water and sewer funds show early recovery.
The City of Mount Clemens received an unmodified (clean) opinion on its fiscal year 2015 audit, the city heard at its Nov. 16 commission meeting.
Dave Harrington, audit partner at Plante Moran, told commissioners the audit shows the financial reports fairly present the city's position as of June 30, 2015. "The city this year... received the best opinion you can get from your auditors — it’s called unmodified," Harrington said.
Harrington reviewed three years of general fund activity. He said the city had roughly $8,780,000 in general fund revenue for 2015, with about half derived from property taxes. State-shared revenue and federal grants accounted for roughly $2,000,000, and fees tied to county…
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