S.C. Code Regs. § § 12-605.5

Current through Register Vol. 48, No. 11, November 22, 2024

Section 12-605.5 - Trial Balances

A. Description: Summary information of receipts and expenditures from various municipal accounts used in balancing the General Ledger. Information includes account number, account name, beginning balance, total assets, total liabilities, adjustments, expected revenue, month-to-date receipts, month-to-date percent, year-to-date percent, uncollected balance, and a breakdown of each department's expenses. For computer generated ledgers this annual accounting code data and computer system documentation needed to access accounting information.

B. Retention:

(1) Computer Generated Year-to-Date Trial Balance: Permanent. Microfilm.

(2) Non-Computer Generated Year-to-Date Trial Balance: Permanent. Microfilm optional.

(3) Other Trial Balances: 3 years, then destroy.

S.C. Code Regs. § 12-605.5

Added by State Register Volume 17, Issue No. 6, eff June 25, 1993.