3 edition of Investment of idle cash by South Carolina local governments found in the catalog.
Investment of idle cash by South Carolina local governments
James Edgar Kirk
Published
1979
by Bureau of Governmental Research and Service, University of South Carolina in Columbia, S.C
.
Written in English
Edition Notes
Bibliography: leaves [73]-76.
Statement | by James E. Kirk, Jr. and John C. Kresslein. |
Series | Financial management series ;, no. 3, Financial management series (University of South Carolina. Bureau of Governmental Research and Service) ;, no. 3. |
Contributions | Kresslein, John C. |
Classifications | |
---|---|
LC Classifications | HJ3835.S6 K56 |
The Physical Object | |
Pagination | 76 leaves : |
Number of Pages | 76 |
ID Numbers | |
Open Library | OL3924727M |
LC Control Number | 81622398 |
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The South Carolina Department of Corrections operates a cashless system for inmates. This means that incarcerated individuals are not allowed to have U.S. currency. Possession of money is a violation of Agency policy and disciplinary action is taken against any inmate found to have money. Last August the Institute for Pension Fund Integrity ranked South Carolina last out of all 50 states in pension fund performance compared to a 40/60 investment portfolio — and second to last.
This amount's estimated range is dependent upon the cyclical nature of cash flows for State agencies, local governments and political subdivisions and the revenues they receive.
All state funds are invested according to the South Carolina Code of Laws § (PDF). Policies and Performance. Investment Policy Statement (PDF) Performance. (3) Providing technical assistance in investment of idle funds to local governments that request such assistance.
HISTORY: Code Section ; (55) SECTION Idle Funds: Money that is not invested and, therefore, earning no interest or investment income. Idle funds are simply funds that are not deposited in an interest bearing or investment tracking.
State of South Carolina Columbia, South Carolina. This report on the audit of the financial statements of the South Carolina Local Government Investment Pool for the fiscal year ended Jwas issued by The Hobbs Group, PA, Certified Public Accountants, under contract with the South Carolina Office of the State Auditor.
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State of South Carolina Columbia, South Carolina This report on the audit of the financial statements of the South Carolina Local Government Investment Pool for the fiscal year ended J was issued by 8, the Hobbs Group, P.A., under contract with the South Carolina Office of the State Auditor.
State of South Carolina Columbia, South Carolina This report on the audit of the financial statements of the South Carolina Local Government Investment Pool for the fiscal year ended Jwas issued by The Hobbs Group, PA, Certified Public Accountants, under contract with the South Carolina Office of the State Auditor.
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