The City of Florence Finance Department is responsible for ensuring that all City funds are managed in accordance with generally accepted principles of governmental accounting. To this end, the Finance Department adheres to accounting best practices to maintain appropriate controls of all City assets. The Finance Department provides a full range of administrative and support services including cash management and investment of funds, debt management, purchasing, accounts payable and revenues receivable, payroll processing, inventory control, and data processing. This department is also responsible for the administration, coordination, and collection of business licenses, hospitality fees, and City service fees including water, sewer, stormwater utilities, and related fees.
The oversight of the Finance Department is the responsibility of the Assistant City Manager, Kevin V. Yokim. This department is comprised of two divisions, Finance & Accounting and Utility Finance. There are fourteen full-time personnel positions in Finance & Accounting and thirty full-time personnel positions in Utility Finance to serve the citizens of Florence.
The City is subject to an annual audit of its accounting practices and internal controls by a qualified independent auditing firm. As a part of this audit process, the City produces an annual financial statement which complies with standards developed by the Government Finance Officers Association of the United States and Canada (GFOA). GFOA awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Florence for its comprehensive annual financial report for the fiscal year ended June 30, 2019. The Certificate awarded for fiscal year ended 2019 marks the twenty-second consecutive year the award has been received by the City of Florence.
To be awarded the Certificate of Achievement, a governmental entity must publish an easily readable and efficiently organized comprehensive annual financial report with contents which conform to GFOA program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only.
Annual Budget Report - FY July 1, 2020 through June 30, 2021
Annual Budget Report - FY July 1, 2019 through June 30, 2020
Annual Budget Report - FY July 1, 2018 through June 30, 2019
Annual Budget Report - FY July 1, 2017 through June 30, 2018
The unaudited monthly financial reports below are prepared by the Finance Department to provide up to date information on the status of the fiscal year revenues and expenditures.
Select the report group from the options below: