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External auditors give Bridgeport Township a clean opinion on 2023 financials
Summary
Quast Janke told the Bridgeport Charter Township Board that its 2023 audit received an unmodified opinion; auditors noted pension-liability timing effects and a forthcoming accounting change for assets over 12 months.
Rob Friske of Quast Janke & Company presented the township's 2023 audited financial statements at the June 4 meeting and reported an unmodified opinion, which indicates the auditors found the financial statements fairly presented in all material respects.
Friske noted the refuse fund returned to a positive balance in 2023 for the first time since 2014 and reported an expectation that the fund would be out of a deficit by 2025. He also highlighted that water and wastewater pension liabilities reflect delayed effects of recent stock-market performance and that a new accounting rule for assets older than 12 months will affect future financial reporting.
The board heard the presentation and then moved on to approve related rate and budget items during the same meeting. The minutes do not include the full audit report text; the township maintains the official audit document for public inspection.
