Audit finds Ellisville doing quite well

Audit finds Ellisville doing quite well

ELLISVILLE, MS (WDAM) - There's good news coming out of the city of Ellisville.

A recent audit finds that the city is doing well financially. Ellisville began 2016 with $1.8 million cash on hand and up to $3.8 million in unrestricted funds. Those funds allow Ellisville to get a much better rate on bonds which may be needed in the future.

Ellisville Mayor, Tim Waldrup, said the businesses are the key to the city's success.

"I think the standard of living has risen a great deal in the last ten years, particularly in Ellisville, and I think that's one of the criteria that people look at when they're coming in with jobs and businesses," Waldrup said. "Nothing stays empty in the downtown area, and if it does come up empty it doesn't stay that way long, so we have a lot of bare windows."

Water rates did however go up slightly to offset the cost maintenance.