S.C. Code Regs. § § 12-806.9

Current through Register Vol. 48, 12, December 27, 2024

Section 12-806.9 - Computer Output Reports from Accounting Financial Data Bases (Permanent)

A. Description: Financial reports generated from a computer data base for use in accounting for the receipt/disbursement of financial resources for an institution. These are cumulative fiscal year end closeout reports summarizing the financial activities of the institution by providing final year-to-date summary accounting data and a permanent audit trail for all receipt and disbursement transactions affecting any and all funds and accounts. Types of reports include: year end general and subsidiary ledgers sorted by account, and summary of expenditures by program, fund, and object.

B. Retention:

(1) Office: 3 years. Microfilm.

(2) College or University Archives: Permanent.

S.C. Code Regs. § 12-806.9

Added by State Register Volume 18, Issue No. 6, eff June 24, 1994.