The Town of Lexington is said to have clean financial reporting for the 2023-24 fiscal year, according to an auditor’s report from The Brittingham Group.

Here are some key takeaways:

The 2020 Census details the town as having a population of 23,568, an increase of 31.9% over the 2010 count.

“The Town is the 22nd largest municipality in South Carolina and ranks as the second largest municipality in the Midlands. The Census figures show that the Town had the 6th highest growth rate among the top 25 municipalities in South Carolina,” according to public documents.

The town’s unassigned general fund balance by the end of the fiscal year on June 30, 2024, was $11,939,161.

The town had $4,490,748 in revenue from property taxes and $11,755,947 in revenue from franchises, licenses, permits and fees. Those are the town’s two largest revenue sources.

During the fiscal year prior, the town had $4,176,410 in revenue from property taxes and $10,533,666 in revenue from franchises, licenses, permits and fees.

The town had $29,639,376 in expenditures for the 2023-24 fiscal year. The largest expenditure was from parks and sanitation at $8,853,227. Public safety expenditures followed that at $7,500,126.

During the fiscal year prior, the town had $23,694,933 in expenditures.

“Capital assets totaled $250,672,254 at June 30, 2024, an increase of $16,624,313 from the prior year,” according to public documents. “The change was primarily due to improvements to the Town’s combined waterworks and sewer system, street improvements, and park improvements completed and in progress.”

The report goes into detail on money spent on projects including Sunset Split (a project to separate the eastbound and westbound lanes of Sunset Boulevard and relocate Corley Mill Road and Riverchase Way to alleviate congestion), Gibson Pond and Virginia Hylton Park.

The Brittingham Group’s report is available for the public to view online at the town’s website under the Departments tab, then under the Finance option. It’s called “June 30, 2024 Annual Comprehensive Financial Report.”