An audit of South Carolina's state finances finds that the puzzling $1.8 billion account mostly never existed in the first place.

The lengthy report, independently done by consulting firm AlixPartners, was released Wednesday afternoon, and says: "We determined that approximately $1.6 billion of the $1.8 billion did not represent real cash."

It also found the remaining $245 million did exist but was already included in the bank balances. This report was supposed to be released on Jan. 1 but was pushed back two weeks due to a need for additional review.

Read more: https://www.wcnc.com/article/news/politics/south-carolina-politics/south-carolina-state-budget-missing-money-audit/275-57ab36f8-2386-4c7c-928c-449dd54875cb

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