Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Blog that supports USC Aiken APLS494I South Carolina Politics class taught in Summer Session I, 2007
Blog Archive
-
▼
2007
(141)
-
▼
June
(132)
- Criminal Justice – Question 10
- Criminal Justice – Question 9
- Criminal Justice – Question 8
- Criminal Justice – Question 7
- Criminal Justice – Question 6
- Criminal Justice – Question 5
- Criminal Justice – Question 4
- Criminal Justice – Question 3
- Criminal Justice – Question 2
- Criminal Justice – Question 1
- Education – Question 8
- Education – Question 7
- Education – Question 6
- Education – Question 5
- Education – Question 4
- Education – Question 3
- Education – Question 2
- Education – Question 1
- Human Resource Management – Question 9
- Human Resource Management – Question 8
- Human Resource Management – Question 7
- Human Resource Management – Question 6
- Human Resource Management – Question 5
- Human Resource Management – Question 4
- Human Resource Management – Question 3
- Human Resource Management – Question 2
- Human Resource Management – Question 1
- Planning – Question 19
- Planning – Question 18
- Planning – Question 17
- Planning – Question 16
- Planning – Question 15
- Planning – Question 14
- Planning – Question 13
- Planning – Question 12
- Planning – Question 11
- Planning – Question 10
- Planning – Question 9
- Planning – Question 8
- Planning – Question 7
- Planning – Question 6
- Planning – Question 5
- Planning – Question 4
- Planning – Question 3
- Planning – Question 2
- Planning – Question 1
- Local Government Finance – Question 11
- Local Government Finance – Question 10
- Local Government Finance – Question 9
- Local Government Finance – Question 8
- Local Government Finance – Question 7
- Local Government Finance – Question 6
- Local Government Finance – Question 5
- Local Government Finance – Question 4
- Local Government Finance – Question 3
- Local Government Finance – Question 2
- Local Government Finance – Question 1
- State Budgeting and Finance – Question 7
- State Budgeting and Finance – Question 6
- State Budgeting and Finance – Question 5
- State Budgeting and Finance – Question 4
- State Budgeting and Finance – Question 3
- State Budgeting and Finance – Question 2
- State Budgeting and Finance – Question 1
- Political Parties – Question 6
- Political Parties – Question 5
- Political Parties – Question 4
- Political Parties – Question 3
- Political Parties – Question 2
- Political Parties – Question 1
- Interest Groups – Question 8
- Interest Groups – Question 7
- Interest Groups – Question 6
- Interest Groups – Question 5 (really an update)
- Interest Groups – Question 4
- Interest Groups – Question 3
- Interest Groups – Question 2
- Interest Groups – Question 1
- Special Purpose Districts and Schools – Question 5
- Special Purpose Districts and Schools – Question 4
- Special Purpose Districts and Schools – Question 3
- Special Purpose Districts and Schools – Question 2
- Special Purpose Districts and Schools – Question 1
- Counties – Question 9
- Counties – Question 8
- Counties – Question 7
- Counties – Question 6
- Counties – Question 5
- Counties – Question 4
- Counties – Question 3
- Counties – Question 2
- Counties – Question 1
- Municipalities – Questions 7
- Municipalities – Questions 6
- Municipalities – Questions 5
- Municipalities – Question 4
- Municipalities – Question 3
- Municipalities – Question 2
- Municipalities – Question 1
- Local Government – An Introduction -- Question 6
- Local Government – An Introduction -- Question 5
- Local Government – An Introduction -- Question 4
- Local Government – An Introduction -- Question 3
- Local Government – An Introduction -- Question 2
- Local Government – An Introduction -- Question 1
- Judiciary -- Day Two: Evaluating a Judicial TV Ad
- The Judiciary – Question 7
- The Judiciary – Question 6
- The Judiciary – Question 5
- The Judiciary – Question 4
- The Judiciary – Question 3
- The Judiciary – Question 2
- The Judiciary – Question 1
- Blog posting for the second day on the governor
- The Governor – Question 6
- The Governor – Question 5
- The Governor – Question 4
- The Governor – Question 3
- The Governor – Question 2
- The Governor – Question 1
- Blog posting for the second day on the legislature
- Legislature – Question 8
- Legislature – Question 7
- Legislature – Question 6
- Legislature – Question 5
- Legislature – Question 4
- Legislature – Question 3
- Legislature – Question 2
-
▼
June
(132)
About The Course and this Blog
- Robert Botsch, USCA Political Science
- I am the one on the right! I have been a professor of political science at USCA since 1978. We will use this blog for class discussion and for posting written assignments that I may make. When you post you may do so using the anonymous profile, but please sign your name to all your posts! Posts are shown REVERSE chronological order. The most recent post is at the top. So READ FROM THE BOTTOM UP in the topics shown in the BLOG ARCHIVE above.
2 comments:
South Carolina has two major reserve funds, they are the General Reserve Fund and the Capital Reserve Fund. The General Reserve Fund is in place to help the state when expenditures are exceeding anticipated revenues during the fiscal year. The GRF is supposed to keep a balance equal to 3% of the previous fiscal year’s revenue collections. All money that is borrowed from the fund has to be paid back, this can be paid back in terms of one percent for three years until it is back to balanced. However, there are always problems, especially if the state has bad economic years in a row. When the state is not getting enough money to fund operations then the next budget can start cutting some of the monies so the general reserve fund can be restored. The Capital Reserve Fund is a part of each budget in every year. Unlike the GRF is does not have to be paid back if used. Two percent of the previous year’s collected revenues is put into each general appropriations bill. I believe this helps with increasing the money to make sure everything is covered. This fund is used to pay for large items that are not always in a budget every year, such as: capital projects, repayment of debt, or other nonrecurring purposes. At the end of each fiscal year the fund is subject to strict reviewing to make sure no mismanagement has taken place or even fraud. This fund steps in to cover when revenues in the state fall short of their need, the CRF fills the gap. However, if there is any money left after March 1 of that fiscal year then the legislature has the discretion of what it gets spent on.
Matt Spivey
Another really good answer -- you should separate the two funds with a paragraph on each one.
As you mention at the end, when there are not shortfalls that the CRF needs to cover, it can be spent. This is usually the case and legislators love spending this money on projects in their districts!
Bob B
Post a Comment