Agency Name and Who We Are
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.
Agency Executive Director
SFAA Executive Director, Grant Gillespie, was appointed by the Authority on December 15, 2015. Director Gillespie leads the daily administrative and operational functions of the Agency, while reporting directly to the five member Authority.
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.
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
The Agency has worked to create a positive work environment for its employees, encouraging innovative ideas and productive teamwork. The dedicated staff is responsive and committed to serving the needs of our customers. Developing cost-effective internal controls has been important in ensuring sound business processes and compliance with applicable laws and regulations.