Write a paper of no more than 500 words that answers the following questions for The state of South Carolina:
•What is the mission and purpose of the organization
•What are the primary sources of funding for each
•What are the primary expenditures for each
•How successful is each entity in terms of meeting its mission and staying fiscally solvent
THE STATE OF SOUTH CAROLINA
Purpose and Mission
Purpose of the State of South Carolina is to provide innovative, efficient, and standardized services to the inhabitants of the state. The organization is assisted by the Department of Administration which partners with agencies to deliver responsive and cost effective services to the citizens of South Carolina.
Mission of the organization
To deliver responsive and cost effective services to citizens of South Carolina
The state has Component units which are legally separate entities for which the State and its elected officials are considered to be financially accountable. The States discretely presented component units are:
The Public Service Authority (Santee-Cooper, an electric utility company), the State Ports Authority, the State Housing Authority, Clemson University, the Medical University of South Carolina, and the University of South Carolina
South Carolina Public Service Authority
South Carolina Public Service Authority or Santee Cooper, a public utility company ...
Identification of entities of state of SC are determined.
Revise the example paper of no more than 1,050 words that answers the following questions for each state: (use the example paper attached as a reference)
• What type of pension fund does the state provide to employees
• How is the pension fund actually funded - who pays for it
• Is the pension fully funded
• What pay and benefits are provided by the pension
• How much is currently in the pension fund
• What is the current pension liability for the state
Compare the different pension funds provided by the group and rank order the funds in terms of the best and worse pensions among the group. Include this comparison in the paper above.
The Pension Funds are as follows.
State of South Carolina
Commonwealth of VA
City of San Jose
Gadsden Independent School District
I attached the sources of Revenue in case you need it.View Full Posting Details