State Government Finances Viewable Data

STATE GOVERNMENT FINANCES: 2004

STATE: SOUTH CAROLINA

(Thousand Dollars)

Source: 2004 Annual Survey of State Government Finances. Data users who create their own estimates using

data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in

this table are based on information from public records and contain no confidential data. Although the data in

this table come from a census of governmental units and are not subject to sampling error, the census results

do contain nonsampling error. Additional information on nonsampling error, response rates, and definitions

Item	Amount
Total revenue	21,814,644

General revenue	17,408,920
Intergovernmental revenue	6,721,608
Taxes	6,803,568
General sales	2,726,657
Selective sales	963,329
License taxes	383,505
Individual income tax	2,438,712
Corporate income tax	196,510
Other taxes	94,855

Current charges	2,673,865
Miscellaneous general revenue	1,209,879

Utility revenue	1,047,934
Liquor stores revenue	0
Insurance trust revenue(1)	3,357,790

Total expenditure	21,550,915
Intergovernmental expenditure	4,159,942
Direct expenditure	17,390,973
Current operation	12,045,657
Capital outlay	1,771,527
Insurance benefits and repayments	2,293,201
Assistance and subsidies	698,482
Interest on debt	582,106
Exhibit: Salaries and wages	2,736,968

Total expenditure	21,550,915
General expenditure	18,083,674
Intergovernmental expenditure	4,159,942
Direct expenditure	13,923,732

General expenditure, by function:
Education	6,104,392
Public welfare	4,936,352
Hospitals	1,115,267
Health	677,607
Highways	1,412,728

Police protection	182,727
Correction	419,758
Natural resources	201,047
Parks and recreation	68,284
Governmental administration	759,380

Interest on general debt	426,590
Other and unallocable	1,779,542

Utility expenditure	1,174,040
Liquor stores expenditure	0
Insurance trust expenditure	2,293,201

Debt at end of fiscal year	11,883,890

Cash and security holdings	30,604,121

(1) Within insurance trust revenue, net earnings of state retirement systems
is a calculated statistic (the item code in the data file is X08), and thus can be
positive or negative. Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments. The change made in 2002 for asset valuation
from book to market value in accordance with Statement 34 of the Governmental
Accounting Standards Board is reflected in the calculated statistics.
Created: December 2005 Last Revised: January 5, 2011

State Government Finances