Commentary Most states have a June 30 fiscal year end. After the books are closed, the independent outside Certified Public Accountants come in and audit the books. This task is usually completed no later than the month of December and is released to the public. For the fiscal year ended June 30, 2021, the state of South Carolina already has its audited financial statements up on their website for residents to read and review. Its Annual Comprehensive Financial Report was issued on Nov. 12, 2021. South Carolina’s June 30, 2020 Comprehensive Annual Financial Report (pdf) was released on Nov. 13, 2020. There was big news in this report as well, dropping them down to 25th place—the middle of the pack—with an unrestricted net deficit per capita of $786. It dropped from 13th place in the prior year at a negative per capita of $386. But, you’ll have to wait for …