Finance
Town Operating and Capital Improvement Plan Budgets:
The Town Budget is prepared by the Budget Committee and approved by the Town Council. The goal of the Financial Budget is to evaluate and direct Town departments, helping them make successful decisions in resource allocation, program evaluations, financial management, and long-range planning.
Current Fiscal Year Budget (effect 08/01/2023):
Past Fiscal Year Budgets:
- FY2022-2023 BUDGET
- FY 2021-2022 BUDGET
- FY 2020-2021 BUDGET
- FY 2018-2019 BUDGET
- FY 2017-2018 BUDGET
- FY 2016-2017 BUDGET
- FY 2015-2016 BUDGET
- FY 2014-2015 BUDGET
The Town Manager, with assistance from the Finance Manager, drafts the Budget for the Budget Committee and Council review/approval. The Budget shall be approved by Council no later than the July Council meeting for an August 1 effective date. All Budget Committee meetings are posted no less than 7 days in advance and open to the public.
Property Tax Information:
The Town of Fenwick Island tax rate for 2022-2023 is $0.174015 per $100 of assessed value. The annual property assessment occurs in May every year.
Taxes are due no later than the 15th of September. Late fees are assessed after that date. The tax bill will be mailed on or before August 1st. If you have not received your tax bill, please contact the Town Administrator.
The Town of Fenwick Island will no longer accommodate multiple property tax payments from multiple people for a single property. Payments are due in full September 15th with a grace period until October 1st. After October 1st, monthly penalties will apply until the amount is paid in full.
Town Audits:
The annual Town Audit occurs every October and November with a presentation by the auditing firm at the December Council meeting (usually mid-December). The public may request a copy of an Audit through the Town Clerk’s office at (302) 539-3011 or download a copy from the website.
