CharlestonCounty.org

Finance

The Finance Department maintains the fiscal integrity of the County's financial records. This Office reports the results of the County's operations and changes in its financial position to various interested parties, such as state and federal grantors and regulatory agencies, financial markets, investors and concerned taxpayers.

Responsibilities

Provide payment to vendors
Process and maintain employee time records and issue employee payroll checks
Maintain financial and fixed asset inventory records for all County departments
Work with financial markets to borrow funds needed to acquire facilities and equipment
Monitor the stewardship of public funds
Ensure the ability of the County to meet financial obligations
Monitor compliance with legal and regulatory provisions applicable to the expenditure and investment of public funds

Contact

Finance

Lonnie Hamilton, III Public Service Building
4045 Bridge View Drive
North Charleston, SC 29405

Phone: (843)958-4600
Fax: (843)958-4615

Office Hours:
Mon. - Fri. 8:30am - 5pm

All Departments

Common Terms

Debt Instruments: A device used by the County to borrow money for large expenditures and capital projects. Examples are General Obligation Bonds, Revenue Bonds and Certificates of Participation, which are repaid over 15 to 25 years.

Fixed Asset Inventory Records: A catalogued list of the County's personal properties that exceed $5,000 in value, buildings that exceed $100,000 in value or land.

Stewardship: The management of another's property or financial affairs.

Fiscal Management: The act of supervising or controlling finances.

Interesting Facts

Charleston County has a Standard & Poor's (S & P) bond rating of AAA, a Moody's Investors Service rating of AAA and a Fitch Ratings rating of AAA. These high ratings are evidence of excellence in fiscal management for a county government.

Charleston County has a Standard & Poor's (S & P) bond rating of AAA and a Moody's Investors Service rating of AAA. These high ratings are evidence of excellence in fiscal management for a county government.

FAQs

Q: Why does the County borrow money?

A: Generally, to minimize the impact on millage rates when funding large-scale projects. Borrowing funds allows the County to spread payments for large projects over several years.

Q: My business is doing work for the County. Who do I submit the bill to?

A: All bills should be submitted to the department you contracted with. The department must verify the accuracy of the bill before sending to the Finance Department for payment.

Finance

Responsibilities

Contact

Finance

Common Terms

Interesting Facts

FAQs

Municipalities

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