The Finance Department is responsible for maintaining accurate financial records, assisting with preparation of the annual budget, and is accountable for all financial activities and programs for the City of Abbeville, South Carolina. The Finance Department handles revenue collections including business license, hospitality tax, event ticket sales for Opera House events, and much more.
Annual Operating Budget
Each year, City Council adopts a Budget Ordinance adopting a fiscal year operating budget for the City. The City’s Fiscal Year is from November 1st to October 31st.
Annual Comprehensive Financial Reports
An Annual Comprehensive Financial Report consists of the financial statements from the City’s Fiscal Year end.
The financial statements are prepared by the City’s Finance Department and presented in conformity with generally accepted accounting principles (GAAP). The report consists of management’s representations concerning the finances of the City. To express an opinion on the accuracy of the financial statements, a firm of licensed certified public accountants performs an audit in accordance with generally accepted accounting standards.
The Annual Comprehensive Financial Reports are available for download by Fiscal Year. If you are interested in a copy of a report that is not listed, please contact the Finance Department to make a request for an archived report by Fiscal Year.