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Budget in Brief

Governmental Funds Resources and Uses

Most financial transactions of the Town (except the Stormwater Fund which is an Enterprise Fund) are budgeted and accounted for within three governmental funds. Each fund has a different source of revenue and/or certain restrictions on the use of the revenues. Often, the sources of these budgeted funds are transfers from other unbudgeted Special Revenue Funds of the Town. The funds, major revenue sources, and primary fund uses are summarized below.

Fund Type Primary Resources Fund Uses
General Fund provides for basic Town services and operations not required to be accounted for in other funds.
  • Property Taxes
  • Business License Fees
  • Permit Fees
  • Emergency Medical Services

Transfers from:

  • Accommodation Taxes
  • Hospitality Taxes
  • Beach Preservation Fees
  • Road Usage Fee
  • General Operations
  • Public Safety
  • Community Services
  • Beach & Area Parks Support
  • Facilities Management
  • Road Maintenance
  • Equipment Purchases
Debt Service Fund accounts for long-term debt obligations for capital assets, improvements, and land acquisition.
  • Property Taxes
  • Refunding Bond Proceeds

Transfers from:

  • Hospitality Taxes
  • Real Estate Transfer Fees
  • Beach Preservation Fees
  • Tax Increment Financing
  • Debt Principal & Interest Payments
  • Refund Debt for cost of capital savings
Capital Projects Fund is used to account for major capital projects
  • Property Taxes
  • Fund Balance
  • Grants
  • Sunday Liquor Permit Fees
  • Bond Proceeds

Transfer from:

  • Beach Preservation Fees
  • Tax Increment Financing
  • Hospitality Taxes
  • Road Usage Fee
  • New Construction
  • Purchase of Land and Buildings
  • New Streets and Improvements
  • New Pathways and Improvements
  • Beach Maintenance and Monitoring
  • Open Space Land Acquisition

The chart below shows each fund’s share of the Town's Governmental Funds $102,626,393 Budget:

Town of Hilton Head Island Budget by Fund Type

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Where Does This Money Come From?  ~  2016/2017 Budget Plan
How Is the Money Spent? ~  Millage Rate Information  ~  Stormwater Fund