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Mauldin audit shows solid finances; auditors flag new GASB requirement

Mauldin City Council · November 19, 2025

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

External auditors from Scott & Company told the Mauldin City Council the fiscal-year 2025 financial statements are fairly presented, with about $121 million in assets and roughly $11 million unassigned in the general fund; the report reflects implementation of a new GASB requirement for sick-leave accrual.

Mauldin — Auditors from Scott & Company presented a positive report to Mauldin City Council on Nov. 17, saying the city’s financial statements for the fiscal year ended June 30, 2025, are presented fairly in conformity with generally accepted accounting principles.

Auditor Michael Slapnick highlighted…

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