City of Greenville Saves $8 Million

A recent audit of the city of Greenville showed every city department coming in under budget, resulting in a savings of $8 million.

Shannon Lavrin, manager of the city of Greenville, said the audit demonstrates the city’s overall financial strength.

“Receiving an unmodified audit opinion is a powerful affirmation of our commitment to transparency, accuracy and fiscal responsibility,” Lavrin said. “We are proud to demonstrate that the city of Greenville is not only financially sound but well-positioned for future growth.”

The $8 million has been allocated to the city’s capital reserves, which are used to complete major capital projects such as land acquisition, construction or expansion of facilities, non-recurring repairs to facilities or grounds, as well as planning, design or engineering related to capital improvements or other programs.

By building capital reserves, the city avoids having to take on additional debt, rely on pay-as-you-go financing or seek alternative funding sources.

The city is operating with a capital improvement program budget of $25.9 million and a general fund budget of $291.2 million for FY2025-26.