Budget Analysis 2001 Biennium 2001 Vol 1
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In our eReader you can find the full English version of the book. Read Budget Analysis 2001 Biennium 2001 Vol 1 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Budget Analysis 2001 Biennium 2001 Vol 1
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This amount, determined each year by an actuarial service, is composed of the amount of known claims and an estimate of claims incurred but not reported. In fiscal 1998, the amount of estimated claims payable was $12,825,397; ignoring this amount would have given a fiscal 1998 fund balance of over $7 million.
Since the amount represents what the program would have to pay if all prospective claims came due at the same time, an admittedly unlikely event, RMTD personnel feel that "estimated claims... payable" is less useful for budgetary planning than the "consecutive worst losses" figure. If the program faced two consecutive years of losses equal to the losses incurred in the worst year on record, it would pay out $10.8 million in claims over the biennium. The program has included $5.6 million for benefits and claims payments in the budget for the 2001 biennium; consecutive "worst-year losses" would require the program to pay $5.2 million more than is budgeted. To sustain consecutive "worst-year losses", the fund should have a reserve of $5.2 million.
What to read after Budget Analysis 2001 Biennium 2001 Vol 1?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislative Fiscal Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This amount, determined each year by an actuarial service, is composed of the amount of known claims and an estimate of claims incurred but not reported. In fiscal 1998, the amount of estimated claims payable was $12,825,397; ignoring this amount would have given a fiscal 1998 fund balance of over $7 million.
Since the amount represents what the program would have to pay if all prospective claims came due at the same time, an admittedly unlikely event, RMTD personnel feel that "estimated claims... payable" is less useful for budgetary planning than the "consecutive worst losses" figure. If the program faced two consecutive years of losses equal to the losses incurred in the worst year on record, it would pay out $10.8 million in claims over the biennium. The program has included $5.6 million for benefits and claims payments in the budget for the 2001 biennium; consecutive "worst-year losses" would require the program to pay $5.2 million more than is budgeted. To sustain consecutive "worst-year losses", the fund should have a reserve of $5.2 million.
What to read after Budget Analysis 2001 Biennium 2001 Vol 1?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislative Fiscal Division to read onlineMoreLess
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