The Palmetto Insider

The blog of the South Carolina Policy Council

28 Localities Fail to Submit Audits

leave a comment »

According to South Carolina law, effective July 2008, the State Treasurer may withhold funding to any municipalities that have failed to submit their audited financial statements within 13 months after the end of the fiscal year. Last year, State Treasurer Converse Chellis pushed the SC Legislature to adopt this law in an effort to hold local governments accountable for how they manage taxpayer dollars.

Just yesterday, the State Treasurer published a list of localities in South Carolina that have neglected to provide their 2008 annual financial audits on time. These audits were due by July 31, 2009, and according to the Treasurer’s Office, payments for these towns will be withheld from the “State Aid to Subdivisions” funding, beginning October 23rd.

Localities delinquent for 2008:

Andrews

Atlantic Beach

Clio

Furman

Gaston

Hodges

Iva

Lincolnville

Lowndesville

Lowrys

Lurray

Meggett

Olar

Patrick

Peak

Quinby

Reevesville

Sellers

Snelling

Smyrna

St. Stephens

Summit

Vance

Waterloo

Windsor

Localities also delinquent for 2007:

Atlantic Beach

Cross Hill

Gaston

Lincolnville

Sellers

St. Stephens

Ulmer

Advertisements

Written by SC Policy Council

October 20, 2009 at 11:21 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: