The Finance Department maintains the fiscal intergrity of the Town's financial records. The department reports the results of the Town's operations and changes in its financial position to Town Council, state and federal agencies, concerned taxpayers, and any other interested parties. The Finance Department 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 and financial and tax reporting. If you require information concerning financial functions or procedures for the Town of Kiawah Island, please contact the Town Treasurer, Kenneth Gunnells at 843-768-9166.
The annual budget serves as the foundation for the Town of Kiawah Island’s financial planning and control. All departments and affiliates (e.g. Planning Commission and Board of Zoning Appeals) 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. Below is a copy of the current fiscal year budget for your review.
2011-2012 Budget Book
2012-2013 Budget Book
Awards and Accomplishments
For the eigth 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, 2011. 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.
The Town also received its sixth 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.
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2012
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2011
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2010
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2009
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2008
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2007
FY 2005/2006 Annual Popular Report
FY 2006/2007 Annual Popular Report
FY 2007/2008 Annual Popular Report
FY 2008/2009 Annual Popular Report
FY 2009/2010 Annual Popular Report
FY 2010/2011 Annual Popular Report
FY 2011/2012 Annual Popular Report