Financial Statements and Other Reports
Financial Reporting is responsible for the development of annual financial reports for the university and each of its campuses. Financial Reporting is also responsible for coordinating all external audits and costing issues.
Capital Finance Reports
Capital Finance is responsible for the university's system-wide bond instruments and indebtedness and capital project financing information and analysis. This includes management of the bond indebtedness program of the University of South Carolina System including State Institution Bonds, Revenue Bonds, Athletic Revenue Bonds and installment notes.
Government Finance Officers Association Certificate of Excellence
The University of South Carolina has received the Government Finance Officers Association Certificate of Excellence for its comprehensive annual financial report (CAFR) annually since 2013.
Financial Transparency Reporting
This transparency website provides information on payments to university vendors as well as for athletics team travel and state procurement cards.
CARES Act: Higher Education Emergency Relief Fund (HEERF)
The Coronavirus Aid, Relief, and Economic Security Act or, CARES Act, was passed by Congress and signed by President Donald Trump on March 27th, 2020. This bill allotted $2.2 trillion to provide fast and direct economic aid to the American people negatively impacted by the COVID-19 pandemic. Of that money, approximately $14 billion was given to the Office of Postsecondary Education as the Higher Education Emergency Relief Fund, or HEERF.
Coronavirus Response and Relief Act: Higher Education Emergency Relief Fund (HEERF II)
The Higher Education Emergency Relief Fund II (HEERF II) is authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260, signed into law on Dec. 27, 2020. In total, the CRRSAA authorizes $81.88 billion in support for education, in addition to the $30.75 billion expeditiously provided last spring through the Coronavirus Aid, Recovery, and Economic Security (CARES) Act, Public Law 116-136.
American Rescue Plan: Higher Education Emergency Relief Fund (HEERF III)
The Higher Education Emergency Relief Fund III (HEERF III) is authorized by the American Rescue Plan (ARP), Public Law 117-2, signed into law on March 11, 2021, providing $39.6 billion in support to institutions of higher education to serve students and ensure learning continues during the COVID-19 pandemic.
ARP funds are in addition to funds authorized by the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), Public Law 116-260 and the Coronavirus Aid, Recovery, and Economic Security (CARES) Act, Public Law 116-136. Emergency funds available to institutions and their students under all emergency funds total $76.2 billion.
CARES Act: Coronavirus Relief Fund (CRF) - SC CARES
The CARES Act established the Coronavirus Relief Fund (the ‘‘Fund’’) and appropriated $150 billion to the Fund. Under the CARES Act, the Fund is to be used to make payments for specified uses to States and certain local governments; the District of Columbia and U.S. Territories (consisting of the Commonwealth of Puerto Rico, the United States Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands); and Tribal governments.
The State of South Carolina provided Higher Education Institutions funding for eligible expenses for COVID mitigation and response related to medical, public health, payroll, compliance for medical leave, telework and distance learning and other general COVID related expenses.