ACCOMPISHMENTS

A 49% Increase in the Number of Families Saving for College with Future Scholar, South Carolina’s 529 College Savings Plan, and a 93% Increase in Contributions

Treasurer Loftis conducted contract renegotiations which led SavingForCollege.com to rank Future Scholar as the 2nd lowest cost plan in the country. SavingForCollege.com recently awarded Future Scholar its highest “5 CAPS” rating, and South Carolina’s plan has been praised by both Money Magazine and The Wall Street Journal.

A 226% Increase in the Amount of Unclaimed Property Returned to South Carolina Citizens

The Unclaimed Property Audit Program was created and implemented under the leadership of Treasurer Loftis in order to increase awareness and compliance by corporate holders of unclaimed property. Treasurer Loftis also achieved the passage of US Savings Bond legislation to ensure funds held by the US Treasury are available for return to South Carolinians.

A Savings of $391,300,000 for State Taxpayers by the Strategic Sale of State Bonds

Under the leadership of Treasurer Loftis, the Treasurer’s Office has played a primary role in the successful issuances of the State’s General Obligation and Revenue Bonds. The sale of these bonds has facilitated several billion dollars of new and/or refunded state economic development, agency, transportation, housing, and college/university project debt.

Maintained an AAA Credit Rating

Throughout his tenure, Treasurer Loftis has worked hard to maintain the State’s coveted AAA credit rating, the highest rating offered by financial services such as Fitch & Moody’s.

A 66% Increase in Revenue Generated by Restructuring Investment Portfolios

Under the leadership of Treasurer Loftis, local government assets from investments grew to $5.6 billion from $3.6 billion. Increased participant income distributions resulted from restructuring, including improved cash management processes and efficiencies.

A Projected Savings of $3 million from the Re-Negotiation of the State’s Merchant Card Contract

Contract re-negotiations under the direction of Treasurer Loftis are providing a significant reduction in transaction fees paid by State agencies.

A $1.1 Million Dollar Rebate to the State through Vendor Payment Optimization

A 49% Increase in the Number of Families Saving for College with Future Scholar, South Carolina’s 529 College Savings Plan, and a 93% Increase in Contributions

Treasurer Loftis conducted contract renegotiations which led SavingForCollege.com to rank Future Scholar as the 2nd lowest cost plan in the country. SavingForCollege.com recently awarded Future Scholar its highest “5 CAPS” rating, and South Carolina’s plan has been praised by both Money Magazine and The Wall Street Journal.

A 226% Increase in the Amount of Unclaimed Property Returned to South Carolina Citizens

The Unclaimed Property Audit Program was created and implemented under the leadership of Treasurer Loftis in order to increase awareness and compliance by corporate holders of unclaimed property. Treasurer Loftis also achieved the passage of US Savings Bond legislation to ensure funds held by the US Treasury are available for return to South Carolinians.

A Savings of $391,300,000 for State Taxpayers by the Strategic Sale of State Bonds

Under the leadership of Treasurer Loftis, the Treasurer’s Office has played a primary role in the successful issuances of the State’s General Obligation and Revenue Bonds. The sale of these bonds has facilitated several billion dollars of new and/or refunded state economic development, agency, transportation, housing, and college/university project debt.

Maintained an AAA Credit Rating

Throughout his tenure, Treasurer Loftis has worked hard to maintain the State’s coveted AAA credit rating, the highest rating offered by financial services such as Fitch & Moody’s.

A 66% Increase in Revenue Generated by Restructuring Investment Portfolios

Under the leadership of Treasurer Loftis, local government assets from investments grew to $5.6 billion from $3.6 billion. Increased participant income distributions resulted from restructuring, including improved cash management processes and efficiencies.

A Projected Savings of $3 million from the Re-Negotiation of the State’s Merchant Card Contract

Contract re-negotiations under the direction of Treasurer Loftis are providing a significant reduction in transaction fees paid by State agencies.

A $1.1 Million Dollar Rebate to the State through Vendor Payment Optimization