GREENVILLE — Not only did the city of Greenville receive the highest rating for its audit report, but the report showed the city has a strong control in place.
Joe Verlin, director of audit services at Gabridge and Co. in Grand Rapids, told the Greenville City Council on Tuesday night the city received an unqualified opinion for its audit report.
“The unqualified opinion is the highest opinion,” Verlin told the council.
For the 2010-2011 fiscal year, overall, Greenville’s fund balance was 21 percent of the general fund expenditures, Verlin said. This percentage rate is pretty even when compared to audits from 2007-2009 and a little less when compared to the 29 percent the city had in 2010.
The main source of general fund revenue for the city of Greenville was taxes, making up 46.7 percent of the funds. Transfers account was 26.7 percent of the revenue, 13.5 percent came from state shared revenue and 4.9 percent came from rental properties.
According to Verlin, the rest of the general fund revenue was comprised of licenses, fines and forfeitures, charges, interest income and other sources.
The audit report showed that public safety accounted for 30 percent of the general fund expenditures. Transfers made up 25 percent of the expenditures whiles parks made up 18 percent.
Public works, community and economic development and other sources make up the rest of general fund expenditures.
Verlin said the city’s internal control had no budget exceptions.
“The management of the city is doing very well,” Verlin said.
This is a very uncommon situation, according to Verlin. He said usually there are one or two things a city needs to work on, but Greenville did not have any as a result of monitoring and amending budgets very carefully.
“It was worth pointing out,” Verlin said.
Mayor Pro Tem John Hoppough said he liked to see words like “outstanding” used throughout the audit report.
“It shows how well (City Manager) George (Bosanic) and his team work together,” Hoppough said.
Councilwoman Frances Schuleit said she was very proud of the audit report.
Congratulations went to Bosanic, the city treasurer and the rest of the team from Councilman Larry Moss for the excellent report.
Councilman Lloyd Scoby agreed and said he read through the audit pretty thoroughly.
“Very outstanding,” Scoby said of the audit. “I complement the city staff.”