S.C. Code Regs. 12-807.6. Computer Output Reports from Payroll Financial Data Bases (Permanent)

A. Description: Financial reports (regardless of medium) generated from a computer data base for the disbursement of resources of the institution. These are cumulative fiscal year end closeout reports summarizing the financial activities of the institution by providing final year-to-date summary accounting data and a permanent audit trail for all disbursement transactions affecting any and all funds and accounts. B. Retention: (1) Office: 3 years. Microfilm. (2) College or University Archives: Permanent.