Mount Pleasant
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Mount Pleasant's fiscal 2025 audit lists two state compliance findings
Auditors reported that Mount Pleasant posted one set of approved minutes late and that its redevelopment agency fund spent more than its final budget in fiscal 2025. Management agreed with both findings.
Mount Pleasant's redevelopment fund spent $918,632 in fiscal 2025, leaving $81,330
The audit shows the city's redevelopment agency fund took in $327,521, spent $918,632 and ended fiscal 2025 with $81,330, down from $622,441. It received $225,617 of the $690,766 in intergovernmental revenue in its final budget.
Two 2024 USDA loans bring Mount Pleasant's utility debt to $11 million
Mount Pleasant's utility debt rose from $5,976,000 to $10,998,543 in fiscal 2025 after the city added two USDA loans totaling $5.42 million. The loans run to 2064.
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