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Finance
The Finance Department maintains the fiscal integrity of the Town’s financial records.
Responsibilities
The department reports the results of the Town’s operations and changes in its financial position to the Town Council, state and federal agencies, Kiawah Island citizens, and any other interested parties. It is also responsible for cash management and investment activities for the Town. This duty also requires monitoring of compliance with legal and regulatory provisions applicable to the investment of public funds. Key functions of the Finance Department include revenue collections, payroll processing, accounts payable, purchasing, cash management & investments, utility billing, financial and tax reporting, and budgeting.
Awards and Accomplishments
CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING
For the eleventh time, the Town of Kiawah Island received a Certificate of Achievement for Excellence in Financial Reporting for the financial statements for the fiscal year ending June 30, 2016. The Town will again present its financial statements to the Government Finance Officers of America (GFOA) for this prestigious award. This certification has very stringent criteria and is only sought by a very limited number of local governments.
To be awarded a Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. The certificate is valid for a period of one year only.
POPULAR ANNUAL FINANCIAL REPORT AWARD
The Town also received its Popular Annual Financial Report award from GFOA for the fiscal year that ended on June 30, 2011. The GFOA established the Popular Annual Financial Reporting Awards Program (PAFR Program) in 1991 to encourage and assist state and local governments in extracting information from their comprehensive annual financial report to produce high quality popular annual financial reports specifically designed to be readily accessible and easily understandable to the general public and other interested parties without a background in public finance and then to recognize individual governments that are successful in achieving that goal. Previous years’ reports are listed below for your reference.
Responsibilities
The department reports the results of the Town’s operations and changes in its financial position to the Town Council, state and federal agencies, Kiawah Island citizens, and any other interested parties. It is also responsible for cash management and investment activities for the Town. This duty also requires monitoring of compliance with legal and regulatory provisions applicable to the investment of public funds. Key functions of the Finance Department include revenue collections, payroll processing, accounts payable, purchasing, cash management & investments, utility billing, financial and tax reporting, and budgeting.
Awards and Accomplishments
CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING
For the eleventh time, the Town of Kiawah Island received a Certificate of Achievement for Excellence in Financial Reporting for the financial statements for the fiscal year ending June 30, 2016. The Town will again present its financial statements to the Government Finance Officers of America (GFOA) for this prestigious award. This certification has very stringent criteria and is only sought by a very limited number of local governments.
To be awarded a Certificate of Achievement, a governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. The certificate is valid for a period of one year only.
POPULAR ANNUAL FINANCIAL REPORT AWARD
The Town also received its Popular Annual Financial Report award from GFOA for the fiscal year that ended on June 30, 2011. The GFOA established the Popular Annual Financial Reporting Awards Program (PAFR Program) in 1991 to encourage and assist state and local governments in extracting information from their comprehensive annual financial report to produce high quality popular annual financial reports specifically designed to be readily accessible and easily understandable to the general public and other interested parties without a background in public finance and then to recognize individual governments that are successful in achieving that goal. Previous years’ reports are listed below for your reference.