The audit report on Greenville's books for 2002 has come back clean, according to Frank Nagy of Black, Bashor and Porsch, the borough's auditors.

"We've given the borough's reports a clean opinion," Nagy said.

The borough has $30 million in assets, and $10 million in liability, Nagy said, giving it an equity of about $20 million.

In the general fund as of June 30, the borough had $2,551,000 in revenue, compared with $2.95 million in expenditures.

That means that, as of that date, the borough had a general fund deficit of just under $400,000, Nagy said.

The borough faces a total debt of $1.5 million as a result of misspent bond money and financial mismanagement. Last year's audit revealed the extent of the financial meltdown. The essentially bankrupt borough is recognized as a distressed community under the state's Act 47 program, which provides management help and loan money.

Copies of the 113-page document are available at the borough building, Greenville Area Public Library and The Record-Argus newspaper.

People who wish to have their own copies of the audit can buy one for $10, said council President Pete Longiotti.