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Town Financial Information
On this page you'll be able to view financial information pertinent to the running of the Town. Annually the Town adopts a budget that outlines anticipated revenues and expenditures for the upcoming fiscal year. After the close of the fiscal year, the Town annually undergoes an audit process.
Annual Audit Report
Annually, the Town of Orchid's financial statements are audited by an independent auditing firm. Below you will find audited financial reports by fiscal year. A financial year for Town of Orchid starts October 1st and ends September 30th. The audit usually takes place between March and May following the close of a fiscal year.
Independent Audit Reports by Fiscal Year:
Each year the Town must adopt a budget according to the Truth in Millage (TRIM) process. In September annually, the Council sets a millage rate (property tax rate) and adopts a final budget for the upcoming fiscal year to start October 1. There are public hearings on the tentative millage rate, the tentative budget, the final millage rate and two hearings on the final budget. For any questions related to TRIM or the adopted budget, please contact the Town Manager.
Annual Adopted Budget by Fiscal Year: