Board of Regents And Commissioner of Higher Education Financial-Compliance Audit for the Two Fiscal Years Ended June 30 ... 2004 Jan

Cover Board of Regents And Commissioner of Higher Education Financial-Compliance Audit for the Two Fiscal Years Ended June 30 ... 2004 Jan
Board of Regents And Commissioner of Higher Education Financial-Compliance Audit for the Two Fiscal Years Ended June 30 ... 2004 Jan
Montana. Legislature. Legislative Audit Division
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Federal Special Revenue Fund - to account for funds received from federal sources that are used for the operations of the office. These include the Federal Family Education Loan program, the Vocational Education - Basic Grants to States (formally Carl D. Perkins) grant, and GEAR-UP.
Proprietary Fund Category Enterprise Fund - to account for operations (a) financed and operated in a manner similar to private business enterprises, where the Legislature intends that OCHE finance or recover costs p
...rimarily through user charges; or (b) where the Legislature has decided that periodic determination of revenues earned, expenses incurred or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. The Enterprise Fund consists of the Montana State Fund Scholarships, the Montana University System's (MUS) Flexible Spending Account, and the Wellness Program. The Wellness Program was moved from the Agency Fund (Fiduciary Fund Category) to the Enterprise Fund in fiscal year 2002-03.

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