The responsibilities of the Finance Department include the supervision, coordination, and administration of major financial affairs including accounting, budgeting, financial reporting, fixed assets, internal audits and administration of the County's self-funded health insurance fund. The department also oversees a contract with a third party for ambulance fee billing, manages the county payroll function, and performs grant financial management responsibilities for the county.
In addition, the department fulfills various financial reporting requirements associated with these activities, including the preparation of a comprehensive annual financial report (CAFR). The Government Financial Officers Association of the United States and Canada (GFOA) has awarded to the County of Lexington its “Certificate of Achievement for Excellence in Financial Reporting for the county's CAFR each year since 1988.
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Secondary Market Disclosure Information
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The County's secondary market disclosure information is available online.
Visit the DAC Bond Instructions page for more information on how to access it.
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Financial Transparency Reports
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The following three reports are prepared each month to help with the orderly, timely release of financial information at the Fund, Department, and Transactional levels.
1- The Fund Account Activity Report (Balance Sheet) This report is in Fund Order and displays the Balance Sheet of each Fund. (Assets, Liabilities, and Fund Balance Accounts)
2- The Budget Status Report (By Departmental Line-Item) This report displays Current Budget, Amount Spent, Amount Encumbered, and Remaining Balance by line-item, within each Department, sorted by Fund.
3- Organizational Detail Activity (By Departmental Transaction) This report provides the Transaction Detail for each line-item in report No. 2.
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