Finance

The Finance Department maintains the fiscal integrity of the Town’s financial records.

Annual Budget

The annual budget serves as the foundation for the Town of Kiawah Island’s financial planning and control. All departments and affiliates (e.g. Arts and Cultural Events Council) of the Town are asked to submit budget requests to the Town Administrator. The Treasurer then prepares a first draft and presents it for review to the Town’s Ways and Means Committee, which is comprised of the Mayor and the four Council Members. Any necessary revisions are made and a final draft is submitted to the Town Council. A second reading is scheduled to meet the June 30 adoption deadline. A public hearing is held to receive citizen input prior to final adoption. The budget is prepared by fund.

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 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.

In order 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 end of 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 to extract 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.

 

Contact Town Treasurer: 843-768-9166