Finance

Functions

The Finance Department is responsible for developing, maintaining, and administering all programs related to general accounting functions, invoice audit and certification of funds, cost accounting and payroll functions as well as preparation of the Comprehensive Annual Financial Report.

The Finance Department is responsible for the preparation of annual budget in accordance with county financial and programmatic policies and goals that address long-term concerns and issues, short-term financial and operational policies, and divisional and departmental objectives. General oversight responsibility for budgeted revenue, expenditure, and fund balance designations for compliance with county ordinances and operational policies.

The Finance Department is responsible for the identification, acquisition and management of federal, state and other grants that supplement existing County programs or assist in the funding of new ones.

Fiscal Budgets

Hospitality and Accommodations Tax

Comprehensive Annual Financial Report

Annual Reports

Check Registers

Checks are issued every week, but the check registers may not be posted to the web site until two weeks later. If anyone would like to review a check register that is not yet available on our web site, they may contact the Public Information Office and arrange a time to come to the Government and Justice Building to review the paper copy of the check register.

Weekly Reports

Monthly Reports

Frequently Asked Questions

Does Horry County require a business license?: Yes, please contact the Business License Department.
How often does Horry County process vendor payments?: Vendor payments are processed each Thurday. For invoices to be included in the weekly processing, the Accounts Payable Department must receive the proper documentation by Wednesday.
What is the dollar value at which assets are required to be capitalized?: Annually, during the budget process, the County reviews the asset capitalization floor to determine the most cost effective limit acceptable. Currently, assets with a purchase price or donated value of $5,000 or greater are capitalized. A comprehensive Fixed Asset Capitalization policy was implemented in 2000 as a component of the County's Finance Policy, ordinance 46-2000.

Accommodations Tax Allocation Process

The Accommodations Tax Fund is used to account for the revenues allocated to the fund by state law for the specific purpose of promoting tourism in Horry County and for other tourism related expenditures. Revenues are derived from a statewide two percent room tax, which is collected by the state and distributed to recipient counties, less the South Carolina Department of Revenue and Taxation administrative fee and funds withheld for other counties.

View the Calendar of ATAC Meetings & Deadlines
ATAC Meetings & Deadlines are listed under the 'Accommodation Tax Committee' category of the calendar.

Documents

FEMA

Financial

Travel

Common Terms

Encumbrance: The commitment of budgeted funds to purchase an item or service.
Fund: An accounting entity that has a set of self-balancing accounts that records all financial transactions for specific activities or government functions.
Fund Balance: The excess of assets over liabilities.
Millage: Rate used in calculating taxes based upon the value of property, expressed in mills per dollar of property value.
Supplemental: Non-profit organizations that request the County to aid in their operations.

Summary Notice of Bond Sale

No current sales pending

Department Head: Barry Spivey
Contact: Phone: (843) 915-5180
Fax: (843) 915-6181
Mailing Address: P.O. Box 296
Conway, SC 29528
Physical Address: 1301 Second Avenue
Conway, SC 29526
Office Hours: 8:00 AM - 5:00 PM
Monday through Friday

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