CONTENT:

University of South Carolina Transparency Initiative

The University of South Carolina is committed to openness about the sources and uses of university funds. This transparency Web site provides information on payments to university vendors as well as for athletics team travel and state procurement cards. This site also contains links to university financial statements, budget documents approved by the university's Board of Trustees and annual reports compiled by the university for other state agencies. The University of South Carolina is a multi-campus system with funding sources that include unrestricted and restricted funds available to support the university's general operations in carrying out its primary mission of instruction, research, and public service. All state general fund appropriations derived from state taxes and state revenue collections are used to fund a portion of salaries and fringe benefits and are therefore not a source of funding for the spending transparency website. For fiscal year 2011-2012, state appropriations account for 9.7% of the total current funds budget of the University system. Other sources are student tuition and fees (44.1%), grants, contracts and gifts (29.7%), departmental sales and services (3.4%) and auxiliary enterprises (13.1 %).