U.S. Department of Commerce

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STATE GOVERNMENT FINANCES: 2005
STATE: SOUTH CAROLINA
(Thousand Dollars)
 
Source: 2005 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
may be found at http://www2.census.gov/govs/state/05_methodology.pdf.

Item       Amount      
Total revenue      22,990,747
       
    General revenue      18,742,538
        Intergovernmental revenue      7,180,316
        Taxes      7,318,388
            General sales      2,903,274
            Selective sales      979,726
            License taxes      402,759
            Individual income tax      2,691,473
            Corporate income tax      246,935
            Other taxes      94,221
       
        Current charges      2,980,354
        Miscellaneous general revenue      1,263,480
       
    Utility revenue      1,140,497
    Liquor stores revenue      0
    Insurance trust revenue(1)      3,107,712
       
Total expenditure      22,709,755
    Intergovernmental expenditure      4,245,394
    Direct expenditure      18,464,361
        Current operation      12,826,114
        Capital outlay      1,872,387
        Insurance benefits and repayments      2,328,103
        Assistance and subsidies      775,861
        Interest on debt      661,896
Exhibit: Salaries and wages      3,173,974
       
Total expenditure      22,709,755
General expenditure      19,122,445
        Intergovernmental expenditure      4,245,394
        Direct expenditure      14,877,051
       
    General expenditure, by function:       
        Education      6,482,060
        Public welfare      5,215,966
        Hospitals      1,064,681
        Health      834,012
        Highways      1,440,673
       
        Police protection      167,731
        Correction      404,715
        Natural resources      212,693
        Parks and recreation      82,922
        Governmental administration      839,431
       
        Interest on general debt      498,032
        Other and unallocable      1,879,529
       
    Utility expenditure      1,259,207
    Liquor stores expenditure      0
    Insurance trust expenditure      2,328,103
       
Debt at end of fiscal year      13,369,988
       
Cash and security holdings      37,720,339

(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: February 7, 2007
Last Revised:  January 5, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: January 20, 2011