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[10] [21] In particular, the SFAA acquires insurance for state agencies and local governments, procures goods and services for the operations of state government, and oversees the construction and maintenance of state buildings. [22] [23] In addition, the SFAA appoints South Carolina's state auditor to serve at pleasure. [24] [b]
The state auditor is appointed by the South Carolina State Fiscal Accountability Authority. [1] The current State Auditor is George L. Kennedy, who was appointed in 2015. [2] [3] The State auditor cannot be fired. [4] The State Auditor's office has a budget of $8,746,044 for the 2024 fiscal year, with the State Auditor being paid $165,872 ...
The Treasurer is the sole investor of the Local Government Investment Pool, (LGIP) the South Carolina Future Scholar 529 Fund and the excess funds of the state. Treasurer Loftis is the Vice Chairman of the State Fiscal Accountability Authority.
Comptroller General Richard Eckstrom’s office overstated state cash balances over a 10-year period.
The century-old conflict in South Carolina between the urban and rural regions of the state ended as industrial activities surpassed farms in the state. The years following the war were prosperous for the nation but particularly for South Carolina; from 1945 to 1954, South Carolina's economy grew faster than the national average.
South Carolina state employees can expect a pay raise of $2,500 or 5%, whichever is higher, state budget writers have decided. With $800 million in additional money available to disburse in what ...
When state budget writers put together a spending plan next spring for the 2024-25 fiscal year, they will need to set aside at least $17.6 million in one-time costs and $18.7 million in annual ...
The state treasurer is the chief banker and investment officer of the state of South Carolina. [2] [3] As such, the state treasurer manages the cash flows and investments of all state funds and, in so doing, safeguards their assets. In 2022, the state treasury's custodial fund balances were approximately $2.8 billion.
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