The South Carolina Annual Financial Report is an annual report that compiles the financial data and activities of the state of South Carolina. It is used to provide information to decision makers, stakeholders, and the public about the financial position of the state. The report includes information on revenues, expenditures, assets, liabilities, and fund balances. It also provides a summary of the state's financial condition and trends in the state's financial position. There are several types of South Carolina Annual Financial Reports, including the Comprehensive Annual Financial Report (CAR), the State Single Audit Report (STAR), and the Fiscal Year Financial Report (FFR). The CAR provides comprehensive information on the state's financial position, including detailed financial statements, notes to the financial statements, and required supplementary information. The STAR is an audit of the state's financial statements and internal controls that is conducted by an independent, external auditor. The FFR provides summary-level financial information on the state's financial position and performance.