Town of Hilton Head Island Municipal Government Website

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Budget in Brief

Funds, Resources, and Uses

The financial transactions of the Town are budgeted and accounted for within three types of funds. Each fund has a different source of revenue and/or certain restrictions on the use of the revenues. The fund types, 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
  • Local Public Safety Fee
  • Accommodation Taxes
  • Hospitality Taxes
  • General Operations
  • Public Safety
  • Community Services
  • Beach & Area Parks Support
Debt Service Fund accounts for long-term debt obligations for capital assets, improvements, and land acquisition.
  • Property Taxes/TIF
  • Hospitality Taxes
  • Real Estate Transfer Fees
  • Beach Preservation Fees
  • Debt principal & interest
Capital Projects Fund is used to account for major capital projects and purchase of equipment and vehicles.
  • Property Taxes
  • Fund Balance
  • Grants
  • Hospitality Taxes
  • Impact Fees
  • Lease Account
  • Accommodations Taxes
  • Sunday Liquor Permit Fees
  • New Construction
  • Purchase of Capital Assets
  • Street & Drainage Improvements
  • Pathways
  • Beach Maintenance
  • Parks & Open Space

The graph below shows each fund type' s percent of the Town's budget:

Town of Hilton Head Island Budget by Fund Type

Pie Chart of Fund Type - Debt Service Fund 26%, General Fund 55%, Capital Projects-19%

Where Does This Money Come From?  ~  2011/2012 Budget Plan  ~  How Is the Money Spent? ~  Stormwater Fund