The Agency, the State Fiscal Accountability Authority or SFAA, was established by the Restructuring Act of 2014, Act 121, and effective July 1, 2015.  SFAA is comprised of the Insurance Reserve Fund (IRF) and the Division of Procurement Services (DPS), both of which were transferred from the former South Carolina Budget and Control Board.

Our Mission

To provide fiscal oversight for the State of South Carolina and to meet the needs of the public sector by delivering quality, cost-effective insurance, procurement, and engineering services.

Our Vision

To be known as an Agency that is responsive, provides exceptional customer service, and delivers products at an outstanding value.

Core Values and Organizational Culture

• The Core Values listed below support the Vision, shape the culture, and reflect the actions of SFAA.
• Ethical - Honesty, Fairness, Integrity, Respect, and Loyalty
• Accountability - Leadership,  Responsibility, and Transparency
• Professionalism - Committed and well-trained Workforce
• Quality Customer Service - Exceptional and Responsive
• Innovation - Adaptable and Proactive