The State of South Dakota finished the fiscal year on June 30, 2020, with a net worth of $7.4 billion– an increase of $371.9 million– and has maintained its AAA rating.
The Bureau of Finance and Management released the State’s Comprehensive Annual Financial Report (audited financial statements for the state government) for Fiscal Year 2020 today (Jan. 4).
The CAFR shows the combined ending balance of the Budget Reserve and the General Revenue Replacement Fund was $215.9 million, an increase of $26.8 million. The State has maintained its AAA public issuer rating from Standard & Poor’s, Fitch Ratings and Moody’s for the fourth fiscal year in a row. AAA is the highest rating possible from all three bond rating agencies.
The CAFR can be viewed online at bfm.sd.gov/cafr, or for printed copies, contact the Bureau of Finance and Management at 605-773-3411.
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