City Council annually adopts a balanced operating and capital budget for the City which is effective for each fiscal year beginning July 1 and ending June 30. While the budget includes five separate funds, the General Fund, the Water and Sewer Utilities Enterprise Fund, and the Stormwater Enterprise Funds are the City's main operating funds which finance the majority of services.

General Fund

The City's General Fund provides for the operation of general governmental services including administration, legal and judicial, finance, personnel, infrastructure, police, fire, streets, sanitation, equipment maintenance, parks and leisure services, and athletic programs. Services delivered through this fund are paid for with revenues which include local taxes, licenses & fees, intergovernmental revenue, fines & forfeitures, and other charges. The following graph illustrates the revenue sources and expenditure functions of the General Fund for FY 2008-2009: 

Revenues for FY 2008-2009

Expenditure for FY 2008-2009

Water and Sewer Utilities Enterprise Fund

The Water and Sewer Utilities Enterprise Fund provides for the operation of services including engineering, billing and collection, water production, sewer treatment, water and sewer line repair and extension.  Services delivered through this fund are paid for with revenues which include water and sewer service charges, tap fees, service charges, and other related charges.  The following graph illustrates the revenue sources and expense functions of the Water and Sewer Utilities Enterprise Fund for FY 2008-2009.

Revenues for FY 2008-2009

Expenses for FY 2008-2009

Stormwater Utility Enterprise Fund

The Stormwater Enterprise Fund provides for acquisition, construction, operation, maintenance and regulation of stormwater drainage systems and activities in the City of Florence.  Services delivered through this fund are paid for with a stormwater fee assessed on residential and non-residential property owners based on the total square footage of the property owner's hard surface or impervious area.  The following graph illustrates the revenue sources and expense functions of the Stormwater Utility Enterprise Fund for FY 2008-2009.

Revenues for FY 2008-2009

Expenses for FY 2008-2009