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Posted on: December 14, 2015

Town Receives Best Opinion for Financial Audit

By Martine Wolfe-Miller, Communications Officer

MOUNT PLEASANT, SC (December 14, 2015) – The independent accounting firm Greene, Finney & Horton, LLP recently issued the Town of Mount Pleasant its best opinion for its financial audit for the fiscal year ended June 30, 2015. “After consideration of the Town‘s financial statements, we have issued the Town of Mount Pleasant an Unmodified Opinion – this is the best opinion a municipality can receive,” said David G. Phillips, partner with Greene, Finney & Horton, LLP.

“The Town is in excellent financial condition. Our capital assets increased by approximately $10.4 million or 2% during the fiscal year and we received an upgrade on our bond rating from Moody’s from Aa1 to Aaa, which is the highest,” said Mayor Linda Page. “We have also received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada for the 27th consecutive year and the Distinguished Budget Presentation Award for the past four years. The Town’s strong financial condition and the steps taken towards funding future costs represent Council’s commitment to maintain a resilient and sustainable community.”

As of June 30, 2015, the Town of Mount Pleasant’s assets totaled $610.7 million (capital assets, cash and investments and other assets), and its liabilities totaled $127.3 million (debt and accrued liabilities).

For more information about the Town of Mount Pleasant’s 2015 Financial Audit, contact the Communications Office at mwolfe@tompsc.com. To view the 2015 Comprehensive Annual Financial Report online, visit the Finance pages at www.tompsc.com.

To stay informed of all meetings and events happening in the Town, subscribe to our many lists by clicking on the Notify Me button at www.tompsc.com. Stay engaged and connected!

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