State Government Finances Viewable Data

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

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

State Government Finances