New reports make it easier for citizens to follow state's finances

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New reports make it easier for citizens to follow state's finances

Story Published: Aug 27, 2008 at 2:44 PM EST

Story Updated: Sep 19, 2008 at 4:54 PM EST

COLUMBIA, S.C. (AP)- South Carolinians don't have to be certified public accountants to understand a new abbreviated report on the state's financial challenges.

Comptroller General Richard Eckstrom on Wednesday unveiled a new
four-page report that summarizes a financial and policy snapshot of
the state for the most recent fiscal year that's easy to read.

For instance, the report distills a 246-page detailed report on the state's finances into one page that shows where the state's money comes from and where it goes.

The national Association of Government Accountants has been encouraging states to offer that type of report.

South Carolina was the first to do so last year.

Oregon and Nevada have since begun offering similar reports.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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