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Auditors issue unmodified opinion on Spartanburg's 2025 financial report; note transit-fund timing error
Summary
City auditors delivered an unmodified (clean) opinion on Spartanburg's 2025 Annual Comprehensive Financial Report, reporting a roughly $11 million unassigned general fund balance and about $94 million in capital additions while noting a prior-year restatement for the transit fund and a late single-audit compliance filing.
The city of Spartanburg received an unmodified ("clean") opinion on its 2025 Annual Comprehensive Financial Report, city auditors told the City Council during its March meeting.
"We've issued what is considered an unmodified opinion," David Phillips of CPA Green Finley & Call LLP told council members as he summarized the audit findings. The audit shows the city's unassigned general fund balance rose to about $11,000,000, roughly 21% of 2025 general fund expenditures, and general fund…
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