(STURGIS) – The City of Sturgis is doing well financially.

The annual audit presentation was given to the Sturgis City Commission during their meeting last week. Joe Verlin of Gabridge & Company started off by giving the City some very good news. ...... {LISTEN}.

A clean opinion is the highest opinion that can be given.

Verlin also shared that the City’s fund balance is in good shape. ...... {LISTEN}.

Verlin says the total unassigned fund balance for the Sturgis general fund is just over $4 million. That is all funds that are not earmarked. He says if that is divided by the City’s annual general fund expenditures and transfers out, it’s at 36% funding as of September 30, 2024, which is a healthy place to be.