Two months ago this website exclusively reported that S.C. Comptroller General Richard Eckstrom – whose disastrously hypocritical personal life makes frequent headlines – was three-and-a-half months late (and $150,000 over budget) in submitting the state of South Carolina’s Comprehensive Annual Financial Report (CAFR) for FY 2011-12.
The CAFR – used by rating agencies, financial underwriters and buyers of the state’s bonds – was due no later than December 31, 2012. As we noted in our previous report, its unprecedented delay is raising all sorts of red flags.
“A delay of this length is unprecedented and is absorbing many resources from the Comptroller’s Office, the Budget and Control Board and outside (expensive) accounting firms,” a source familiar with the situation tells FITS.
Well guess what … Eckstrom’s report is now five-and-a-half months late.
This is astounding. And totally inexcusable.
Seriously … the production of this report is literally one of the only core responsibilities of Eckstrom’s office. Yet while it continues to languish in limbo, Eckstrom – a top ally of S.C. Gov. Nikki Haley – has been busily making fundraising calls for his 2014 reelection campaign at S.C. Republican Party (SCGOP) headquarters. Oh … and unconstitutionally holding another government office at another scandal-ridden state agency.
In addition to other endeavors …
Whatever the reason for this delay, Eckstrom needs to get off his ass and do his job. Taxpayers shell out more than $90,000 annually (not counting health insurance, a state subsidized vehicle and travel costs) on him – the very least he could do is what the law requires of him.
Also we’re told this delay is likely to have a domino effect moving forward.
“The ‘closing of the books’ for the fiscal year ending June 30, 2013 will probably be delayed, or at best ‘hurried,'” a source familiar with the status of the report tells FITS. ” “Either way is spells important work not carefully performed.”
Do your damn job, Richard Eckstrom. Do your damn job.