Spending Transparency FAQs - Coastal Carolina University
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Information about Spending Transparency at CCU

Why is Coastal Carolina University posting its spending online?
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Coastal Carolina University receives its funding from students, taxpayers, sponsors, donors and alumni and is committed to being accountable to those constituent groups in the way it uses those funds. This website provides information for all expenses paid through the University's vendor system. Coastal Carolina University is collaborating with a pilot group of state colleges and universities and the Comptroller General's Office to improve spending transparency. The Comptroller General's spending transparency website is located here.

What information is available?

This website shows all expenses paid through the University's vendor system. You can look at spending by month and then sort by vendor, the amount spent, the source of funds and a description of the expenditure. A listing of definitions of each source of funds is available by clicking here.

How long is supporting documentation retained?

Documentation supporting data included in the reports is maintained for three years in accordance with the South Carolina Department of Archives and History's General Records Retention Schedule for Financial Records of State Agencies.

Can I see more information about how the money was spent?

At this time it would require a significant investment in staff resources to research and post details about each purchase on this website. If you have a question about a specific expense, contact the Office of Finance and Administration at transparency@coastal.edu.

What are the sources of operating funds?

The University's operating funds consist of state appropriations, tuition and fees, government contracts and grants (state, federal and local), sales and services of educational departments, and sales and services of auxiliary enterprises. Non-operating funds include gifts and donations, investment income, and capital gifts, grants and appropriations. Stimulus funds and the one cent sales tax revenues are included as non-operating funds. Coastal Carolina University is a Sea Grant institute, meaning it is part of a network of United States colleges and universities involved in scientific research, education, training and extension projects geared toward the conservation and practical use of the coasts, Great Lakes and other marine areas.

What are restricted and unrestricted funds?

Restricted funds are designated by law or internally for specific purposes. Unrestricted funds are funds which can be used for any allowable expenses under state and University guidelines.