BACKGROUND

The Finance Department is responsible for managing the financial affairs of the City and provides administrative support to city departments through financial reporting, cash and debt management, utility billing and collections, accounts receivable processing, accounts payable processing, and other financial services

The Finance Department consists of two divisions: Finance and Utility Services (see link above).  Areas of responsibility include, but are not limited to:  preparation of the annual budget, preparation of the City’s Comprehensive Annual Financial Report (CAFR), preparation of other monthly financial and state required financial reporting, proper recording of transactions in accordance with Generally Accepted Accounting Principles (GAAP), creation and enforcement of financial policies and procedures, accounts payable, payroll tax submission, cash investments, debt management, proper bank collateralization of cash balances, preparation of monthly utility billings and collection, and accounts receivables management and collection.

FINANCIAL ACCOUNTABILITY

The City of Lancaster believes that financial transparency and accountability are very important.  Therefore, the City is providing to its citizens, a listing of all checks written through the City’s accounts payable process for the last twelve (12) months.  The check listing will include the vendor, amount paid and a brief description of the purchase for our citizens to review.

In addition to the check listing each month, the City will also provide additional revenue and expenditure/expense information by major revenue groups and city departments.  This information will be provided for the current fiscal year and the two (2) preceding ones to provide comparison of current fiscal year figures with prior fiscal year periods.  This information will allow citizens to see patterns in city finances and the ability to ask questions of city staff.  If any citizen has questions concerning any information provided under this section, they can contact the City’s Finance Director, James Absher, at (803)283-9946 or by email at finance@lancastercitysc.com

All revenue and expenditure/expense information is presented on the modified accrual basis.  This is the basis for the City’s budgeting for all funds regardless of the financial reporting basis of each fund.  The modified accrual basis is the method under which revenues are recognized when available and measurable.  Expenditures/expenses are recognized in the period in which the associated liability is incurred, except for principal and interest on long-term debt which is recognized to the extent the debt has matured.

FINANCIAL REPORTING

Current and historical financial reports for the City can be found under the financial reports link above. Included under this link is the current fiscal year financial budget, current and historical copies of the City’s Comprehensive Annual Financial Report (CAFR), and monthly budgetary progress reports presented to City Council.  The most recent CAFR contains valuable information as it relates to the overall financial health of the City as of the end of the last completed fiscal year.  The monthly reports provide information concerning the City’s actual performance in the current fiscal year as it compares to budgetary expectations.

Also included below is the most recent council approved fee schedule for the City of Lancaster.

E-Mail Finance Department

2016-2017 Schedule of Taxes, Fees and Charges


Monthly Finance Reports

January 2017 Finance Report

December 2016 Finance Report

November 2016 Finance Report.

October 2016 Finance Report

September 2016 Finance Report

August 2016 Finance Report

July 2016 Finance Report


ANNUAL BUDGET

fiscal-year-2016-2017-annual-budget-document


ANNUAL AUDIT

2016

      2015          2014          2013          2012

       2011          2010          2009          2008


Financial Accountability

REVENUE

FINANCIAL ANALYSIS FOR REVENUE BY SPECIFIED ACCOUNTS JANUARY 2017
REVENUE BUSINESS LICENSE JANUARY 2017
REVENUE CURRENT TAXES REAL JANUARY 2017
REVENUE CURRENT TAXES VEHICLE JANUARY 2017
REVENUE FRANCHISE FEES JANUARY 2017
REVENUE LOCAL OPTION JANUARY 2017
TOTAL REVENUE DATA JANUARY 2017
TOTAL REVENUE GRAPH JANUARY 2017

 

EXPENDITURES
TOTAL EXPENDITURE GRAPH JANUARY 2017
EXPENDITURES MAYOR & COUNCIL JANUARY 2017
EXPENDITURES CITY ADMINISTRATOR JANUARY 2017
EXPENDITURES GROUNDS MAINTENANCE JANUARY 2017
EXPENDITURES HUMAN RESOURCES JANUARY 2017
EXPENDITURES FINANCE JANUARY 2017
EXPENDITURES IT JANUARY 2017
EXPENDITURES LEGAL SERVICES JANUARY 2017
EXPENDITURES GENERAL EXPENSE JANUARY 2017
EXPENDITURES SUPPORT SERVICES JANUARY 2017
EXPENDITURES SEE LANCASTER JANUARY 2017
EXPENDITURES POLICE JANUARY 2017
EXPENDITURES VICTIM’S SERVICES JANUARY 2017
EXPENDITURES COURT ADMINISTRATION JANUARY 2017
EXPENDITURES FIRE DEPARTMENT JANUARY 2017
EXPENDITURES STREETS JANUARY 2017
EXPENDITURES VEHICLE MAINTENANCE JANUARY 2017
EXPENDITURES BUILDING & ZONING JANUARY 2017
EXPENDITURES PARKS & RECREATION JANUARY 2017
EXPENDITURES COMMUNITY SERVICE GRANTS JANUARY 2017
EXPENDITURES DEBT SERVICE JANUARY 2017
EXPENDITURES CAPITAL PURCHASES JANUARY 2017
TOTAL EXPENDITURE DATA JANUARY 2017
FINANCIAL ANALYSIS FOR EXPENDITURES BY SPECIFIED ACCOUNTS JANUARY 2017

HOSPITALITY TAX

REVENUE
TOTAL REVENUE GRAPH JANUARY 2017
HOSPITALITY TAX REVENUE GRAPH JANUARY 2017
TOTAL REVENUE DATA JANUARY 2017
FINANCIAL ANALYSIS FOR REVENUE BY SPECIFIED ACCOUNTS JANUARY 2017

EXPENDITURES
TOTAL EXPENDITURE GRAPH JANUARY 2017
EXPENDITURES HOSPITALITY JANUARY 2017
EXPENDITURES EVENTS JANUARY 2017
EXPENDITURES PERFORMING ARTS JANUARY 2017
TOTAL EXPENDITURE DATA JANUARY 2017
FINANCIAL ANALYSIS FOR EXPENDITURES BY SPECIFIED ACCOUNTS JANUARY 2017

GROSS REVENUE

REVENUE
TOTAL REVENUE GRAPH JANUARY 2017
CITY WATER JANUARY 2017
CITY SEWER JANUARY 2017
LANCASTER COUNTY WATER & SEWER JANUARY 2017
FORT LAWN SEWER JANUARY 2017
TOTAL REVENUE DATA JANUARY 2017
FINANCIAL ANALYSIS FOR REVENUE BY SPECIFIED ACCOUNTS JANUARY 2017

EXPENSES
TOTAL GR EXPENSES GRAPH JANUARY 2017
EXPENSES PUBLIC WORKS ADMINISTRATION JANUARY 2017
EXPENSES WATER SERVICE JANUARY 2017
EXPENSES IT JANUARY 2017
EXPENSES UTILITY BILLING JANUARY 2017
EXPENSES WASTEWATER TREATMENT PLANT JANUARY 2017
EXPENSES PUMP STATION JANUARY 2017
EXPENSES WASTEWATER COLLECTION JANUARY 2017
EXPENSES GENERAL EXPENSE JANAURY 2017
EXPENSES DEBT SERVICE JANUARY 2017
EXPENSES CAPITAL EXPENSE JANUARY 2017
EXPENSES EPA PROJECTS JANUARY 2017
TOTAL GR EXPENSE DATA JANUARY 2017
FINANCIAL ANALYSIS FOR GR EXPENSES BY SPECIFIED ACCOUNT JANUARY 2017

SOLID WASTE

REVENUE
TOTAL REVENUE GRAPH JANUARY 2017
REVENUE RESIDENTIAL GARBAGE JANUARY 2017
REVENUE COMMERCIAL GARBAGE JANUARY 2017
REVENUE TRANSFER STATION JANUARY 2017
TOTAL REVENUE DATA JANUARY 2017
FINANCIAL ANALYSIS FOR SW REVENUE BY SPECIFIED ACCOUNT JANUARY 2017

EXPENSES
TOTAL SW EXPENSES GRAPH JANUARY 2017
EXPENSES GENERAL EXPENSES JANUARY 2017
EXPENSES SOLID WASTE ADMINISTRATION JANUARY 2017
EXPENSES RESIDENTIAL GARBAGE JANUARY 2017
EXPENSES RECYCLING JANUARY 2017
EXPENSES COMMERCIAL GARBAGE JANUARY 2017
EXPENSES TRANSFER STATION JANAURY 2017
EXPENSES DEBT SERVICE JANUARY 2017
EXPENSES CAPITAL PURCHASES JANUARY 2017
TOTAL SW EXPENSES DATA JANUARY 2017
FINANCIAL ANALYSIS FOR SW EXPENSES BY SPECIFIED ACCOUNTS JANUARY 2017

 

Check Register

MONTHLY CHECK REGISTER

February 2017

 January 2017