Accountability and financial transparency are not only required by the Federal Stimulus funds, but are hallmarks of a well run government.
As a leader in transparent financial reporting, Richland County is posting unaudited Budget Reports and Accounts Payable Check Register online with the Annual CAFR and Approved Budget.
Comprehensive Annual Financial Reporting (CAFR)
The Richland County Finance Department prepares the Comprehensive Annual Financial Report in conformity with Generally Accepted Accounting Principles (GAAP) as applied to governmental units. Additionally, the County’s reporting entity applies all relevant Governmental Accounting Standards Board (GASB) pronouncements. Proprietary funds, governmental funds and business-type activities apply Financial Accounting Standards Board (FASB ) pronouncements and Accounting Principles Board (APB) opinions issued on or before November 30, 1989, unless those pronouncements conflict with or contradict GASB pronouncements, in which case, GASB prevails.
The Government Finance Officers Association (GFOA) has awarded Richland County with the Certificate of Achievement For Excellence In Financial Reporting every year since July 1, 1982.
Annual Budget Reporting
The Finance Department coordinates the combined effort of the county staff in the preparation of the budget of the upcoming fiscal year. In conjunction with the County Finance Committee, a budget is recommended for approval and sent to the County Council for adoption after three budget ordinance readings each year. The fiscal year for Richland County runs from July 1st through June 30th.
The Government Finance Officers Association (GFOA) has awarded Richland County with the Distinguished Budget Presentation Award every year since July 1, 1995.
Annual Budget Reports
General Financial Reporting
Accounts Payable Check Register - The check register is a detailed report that shows an accumulated listing of all checks made payable to vendors within the current period. The information can be used to review the payments that are made to vendors for purchases and services.
Accounts Payable Check Register
Procurement Card Register
Budget Comparison Report - The monthly budget report allows County employees, officials, and citizens alike to view a point-in-time picture of where each fund stands in relation to its annual budget by providing the following information for each fund:
- The fund name.
- The current budget for revenues and expenditures. The expenditure budget is always balanced to the revenue budget, which is the amount of revenue the County anticipates generating in one fiscal year.
- The actual revenue collected and expenditures spent.
- The percentage of revenue collected with respect to the budgeted amount and the percentage of expenditure budget expended for the current and prior fiscal years.