RFP # 21-028 Kanawha County Audited Financial Statements City of Charleston
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This document is the audited financial statements for the City of Charleston, West Virginia for the fiscal year ended June 30, 2023, submitted in response to RFP #21-028 by Kanawha County. The comprehensive financial report includes government-wide financial statements, fund financial statements for governmental and proprietary funds, budget comparisons, and management discussion and analysis covering the city's financial position and activities. The document serves as an official audit of the city's finances and compliance with applicable accounting standards.
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The City of Charleston approved its municipal budget for the fiscal year July 1, 2025 through June 30, 2026 on March 17, 2025, under Mayor Amy Shuler Goodwin. The budget document outlines revenue sources including property taxes ($18.2 million), business and occupation taxes ($54.1 million), utility taxes ($3 million), and hotel occupancy taxes ($3.35 million), along with departmental expenditures, capital projects, staffing levels, and pay grade schedules across city departments. The general fund includes a fund balance of $4 million, with revenues and expenditures detailed across multiple sections covering departmental budgets, capital expenditure schedules, and levy rates.
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