The Finance Department of PCA maintains the highest standards of accountability in managing its assets, revenues and expenditures. Financial Statements are prepared in accordance with generally accepted accounting principles (GAAP). PCA is audited annually by an independent Certified Public Accountant in compliance with auditing standards generally accepted in the United States of America; Government Auditing Standards, issued by the Comptroller General of the United States; and the provisions of Office of Management and Budget Circular A-133, “Audits of States, Local Governments, and Non-profit Organizations”. PCA is monitored and reviewed by various Federal and State funding sources periodically.
PCA’s funding is predominately by federal allocations, of which some are passed through the South Carolina State Office of the Governor and local grantors.