Auditor: Simpsonville 'strong financial position'

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By Walt Reichert

Auditor Bill Talley told the Simpsonville City Commission Wednesday the city is in good financial condition.

"You have enough cash to fund operations for a year even if there were no income," Talley said.

The auditor's report found the city had current assets of $1.5 million and total net assets of $5.7 million with about $113,000 in liabilities and $2.1 million in notes payable.

Talley noted the city had 13 times as much cash as liabilities.

"That puts you in a very strong financial position," Talley said.

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