The City of Menominee received a clean report for its Annual Financial Report for year ending June 30, 2022., meaning there were no issues noted and the audit was conducted by Gabridge and Company. The General Fund balance is in a healthy place just over $17.4 million. That’s 31.7 percent of the budgeted expenditures from last year and an increase of over $2.2 million over the previous year. Mayor Jean Stegman says, “I am pleased that the City of Menominee received a clean audit from Gabridge and Company and that is in due to an extreme large part to the talent and dedication of Kathy Brofka and her team here at city hall.”
The audit has been accepted by the finance committee and they unanimously agreed to forward the audit onto council for their approval at next Monday, December 19th meeting.