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Downtown development concept discussed at City Council session

Downtown development concept discussed at City Council session
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Owosso receives solid audit report


OWOSSO — Owosso has earned a “clean” opinion on its annual financial audit, meaning the city’s financial statements for the fiscal year ending June 30 fairly present its true financial position.
In addition, the city’s combined fund balance is strong and its debts are relatively low, according to CPA Neil Hammerbacher of Grand Rapids-based Gabridge & Company, which presented the audit remotely because of COVID-19. During Monday’s virtual regular meeting, Owosso City Council members voted unanimously to accept the audit report.
“A lot of the cities we’re (auditing) have a deficit in government activities, and you have a positive,” Hammerbacher told council members, adding later: “The state limits how much debt you can have: 10 percent of the city’s assessed valuation. You’re nowhere close to that.” ....

United States , Chris Eveleth , Cheryl Grice , Neil Hammerbacher , Owosso City Council , Michigan Department Of Treasury , Gabridge Company , Brownfield Redevelopment Authority , Grand Rapids Based Gabridge , Michigan Department , Finance Director Cheryl Grice , ஒன்றுபட்டது மாநிலங்களில் , கிறிஸ் ஏவேலெத் , செரில் கிரைஸ் , ஓவோஸ்சொ நகரம் சபை , மிச்சிகன் துறை ஆஃப் கருவூலம் , கேப்ரிட்ஜ் நிறுவனம் , பிரவுன்ஃபீல்ட் மறுவடிவமைப்பு அதிகாரம் , மாபெரும் ரேபிட்கள் அடிப்படையிலானது கேப்ரிட்ஜ் , மிச்சிகன் துறை , நிதி இயக்குனர் செரில் கிரைஸ் ,