Simpsonville audit finds no material misstatements; council hears fund‑balance, pension and debt updates

Auditors delivered a clean opinion on Simpsonvilles 2024 financial statements and reported a stronger fund balance, Mayor Shoemaker said the report reflected well on city staff.

David Phillips of audit firm Green Finney Cawley told the City Council on Jan. 14 that the firm issued an "unmodified opinion," which he described as "a clean opinion," and that auditors were not aware of any material misstatements in the citys financial statements.

The presentation emphasized the citys general fund strength: total fund balance increased by about $4,000,000 year over year, and the city reported roughly $21,800,000 in unassigned general fund balance. Phillips said total revenues were about $26,300,000 and expenditures about $21,900,000 for the year.

Phillips and council members discussed revenue composition. Phillips said approximately $14,100,000 of the roughly $19.7 million in reported tax revenues came from property taxes, a figure that includes residential, commercial and industrial…