The council, like all large companies and public sector organisations has a legal requirement to produce a statement of accounts each year.
The verdict comes from external auditors PricewaterhouseCoopers who are appointed by the Government to review the statement before it is published.
It summarises income and expenditure for the past year and balances at March 31.
The Type=links;Linkid=2675;Title=Statement of Accounts;Target=_blank; also includes information about the finances of West Midlands Pension Fund and Wolverhampton Homes.
- released: Tuesday 1 October, 2013