• Georgetown Times
  • Waccamaw Times
  • Inlet Outlook

State Comptroller General helps protect your wallet

  • Thursday, May 2, 2013

  • Updated Monday, September 23, 2013 11:10 am

By Richard Eckstrom

If youíre the person who keeps up with bills and balances your family checkbook, you can definitely relate to the role of a comptroller general.

Thatís my title, state comptroller general. Many folks in state government simply refer to me as ďthe CG.Ē

Thatís a peculiar title, even a little old fashioned. So itís not surprising when I meet people outside state government who ask about the responsibilities of my job and the agency I direct, the Office of Comptroller General.

My equivalent job title at a company in the private sector would be chief financial officer, or CFO. CFOs typically have extensive training and experience in accounting.

Iíve been a certified public accountant for years, assisting companies and governments as they deal with accounting and financial issues. (Trivia: Somewhat surprisingly, Iím the first certified public accountant to serve as comptroller general in South Carolina.)

As the stateís comptroller general, I have several accountants on staff. We monitor the accounting done by state agencies, and we work with them when they have problems or questions. And every day we make sure state governmentís complex statewide accounting system remains in balance.

Because I work with so much detail, some lightheartedly refer to me as a bean counter. I donít mind saying I am, and I try to excel at it. After all, the beans we count are your tax dollars. So I think youíll agree that our care and precision in the way we operate the stateís accounting system is important.

My agency performs many critical functions that include:

n Monitoring spending by state agencies. Every year the General Assembly gives each agency a budget. We compare agency spending to annual budgets as a safeguard against agencies spending more than they were authorized.

n Making thousands of vendor payments each month on behalf of state agencies. Agencies let us know when their bills need paying. Then we review their paperwork and process payments.

n Processing payroll twice a month for about 45,000 state employees.

n Analyzing accounting records and preparing reports to respond to requests from the General Assembly.

n Compiling South Carolinaís Comprehensive Annual Financial Report, which supports the stateís top AAA credit rating.

n Maintaining the S.C. Fiscal Transparency Website, a project I launched a few years ago to publicly disclose the details of state, local and federal government spending in South Carolina using the Internet (http://www.cg.sc.gov/fiscaltransparency/Pages/default.aspx) as a fast, no-cost way of making this important information available to anyone who wants it.

My position is an elected, statewide, constitutional office. As comptroller general, Iím one of five members of the important S.C. Budget and Control Board, which is responsible for state property transactions, major construction projects, and landlord services for state agencies.

But as you can see from the duties of the CGís Office, theyíre professional in nature and not political. And thatís exactly the way I run it ó as a professional financial services agency.

This year I served as president of the National Association of State Comptrollers, and last month I invited state comptrollers from all over the country to come to Columbia for our annual meeting.

We had record attendance. One of our highlights was a lunchtime motivational talk by University of South Carolina Athletics Director Ray Tanner, who won back-to-back national college baseball championships while the Gamecockís head baseball coach. He spoke of the importance of caring for teammates, being passionate about work, and truly enjoying it.

Now, these comptrollers came to South Carolina from states representing all parts of the political spectrum. But with us it wasnít about politics. It was about our jobs. It was about our common tasks, about our common challenges and problems, and about common solutions based on ideas we shared freely.

When we got together last month, we were on common ground focusing on the heart of what we as comptrollers do ó and thatís to serve the citizens of our states daily by delivering the most professional financial services possible.



Richard Eckstrom, a CPA, is the comptroller general of South Carolina and commander of the S.C. State Guard.

Opinions that appear on this page in Letters to the Editor or in columns do not necessarily reflect the opinions of this newspaper.

Comments

Notice about comments:

South Strand News is pleased to offer readers the enhanced ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. We do not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not South Strand News.

If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website. Read our full terms and conditions.



South Strand News

© 2014 South Strand News an Evening Post Industries company. All Rights Reserved.

Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Parental Consent Form.
150-02-88705