Live Breaking News & Updates on Redpath Co Ltd

The City of Grand Rapids received a clean preliminary opinion regarding finances during a work session of the Grand Rapids City Council on Monday, April 26. 
According to David Mol, a partner with Redpath & Co., Ltd., the city’s auditing service, a comprehensive annual financial report and report on internal control and legal compliance report will be completed and presented in May. 
For the past 28 years, the City of Grand Rapids has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA). 
Key findings in this year’s audit show the city’s property tax collection rate in 2020 was 99.26%. The special assessment collection rate was 90.7% for 2020. The fund balance of the city’s General Fund increased $720,900 during 2020. Revenues exceeded the budget by $1.2 million and expenditures exceeded the budget by $633,000. The General Fu ....

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