Financial Reporting and Transparency

Financial Reporting and Transparency

The Financial Reporting & Transparency page provides accessible and comprehensive financial information to our college community and stakeholders. Our expenditure reports provide transparent insights into the college's fiscal health and resource management practices.

Policies and Procedures

The College of Charleston maintains policies and procedures on its policy website. Here, you'll also find information about reports and approval limits.

Financial Policies
Visit the College of Charleston policy website for the latest information on the following policies:
- 2.2.1 - Scholarships, Fellowships, Stipends, Prizes, and Awards
- 2.2.2.1 - Regular Disbursements
- 2.2.2.1.1 - Student - Group Travel
- 2.2.2.1.2 - Payments to Vendors for Catered Meals at Statewide, Regional, or District Meetings, or Student Event/Activities
- 2.2.2.1.3 - Moving Expenses
- 2.2.2.1.4 - Gifts, Flowers, Parties, and Other Benefits
- 2.2.2.2 - Prepaid Expenses
- 2.2.3.3 - Petty Cash Funds and Change Funds
- 2.3.2.1.1 - Taxpayer Identification
- 2.5.1 - Travel
Policy Website
Financial Procedures
Financial Reports
Certificate of Achievement for Excellence in Financial Reporting
The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the College of Charleston for its Annual Comprehensive Financial Report for the fiscal year ended June 30, 2023. The College has received the Certificate of Achievement for 31 consecutive years.
Annual Comprehensive Financial Reports
The Annual Comprehensive Financial Report contains critical information from the auditor. It also includes basic financial statements.
- Statement of Net Position
- Statement of Revenues, Expenses, and Changes in Net Position
- Statement of Cash Flows
- Foundation and Subsidiaries Consolidated Statement of Financial Position and Activities
- Cougar Club Statement of Financial Position and Activities
- Required supplementary information
- statistics
You can download the most recent annual report in PDF format, below:
State of South Carolina Accountability Reports
In the annual accountability report, you will find information related to the organization, the strategic plan, the budget, services, partnerships and more. You can download the most recent annual report in PDF format, below:
Single Audit Reports
Each fiscal year, the Controller's Office releases Reports Required by Government Auditing Standards and the Uniform Guidance. These reports contain:
- Schedule of Expenditures of Federal Awards and Notes
- Reports of Independent Auditor
- Schedule of Findings and Questioned Costs
You can download the most recent annual report in PDF format, below:
NCAA Agreed-upon Procedures Reports
In this annual report, you'll find information from:
- the Independent Accountant's Report on the Application of Agreed-Upon Proceedures
- Statement of Revenues, Expenditures and Transfers and Notes
You can download the most recent annual report in PDF format, below:
Purchase Approval Limits
- All financial transactions (All purchases, EA's, IDT's, JE's, TA's, Budget Transfers, etc.) that are $ 50,000 or above must be approved by the Executive Vice President for Business Affairs / CFO.
- EVP's and Academic Deans have approval limits up to $49,999.99.
- All others have limits up to $4,999.99, and should be noted on the Index/FOP Access Form for each index.
Grants and Contracts Procedures
Grants and Contracts Documents
US Department of Education CARES Act Higher Education Emergency Relief Fund-Institution