Comprehensive Annual Financial Report for the Fiscal Year Ended ... Jun 30 2006
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The State retains all rights and risks of ownership during the loan period. At year-end, the BOI has no credit risk exposure to borrowers because the amount the BOl owes the borrowers exceed the amount the borrowers o\\ e the system.
68 Montana Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2006 B. Cash/Cash Equivalents (1) Cash Deposits - The Slate requires collateralization based on the average daily bank balance in the depository bank holding the main State bank account. Fo...r other depository banks, state statutes require collateralization at 50% of the bank balance. The cash deposits amount includes both primary government and component unit deposits.
Table 1 - Cash Deposit Amounts (in thousands) Carrying Amount Cash held by State/State's agent $ 30,186 Uninsured and uncollateralized cash 4,917 Undeposited cash 1,418 Cash in U.S. Treasury 229,469 Cash in MSU component units 5,917 Cash in UM component units 8,334 Less: outstanding warrants (56,134) Total cash deposits $224,107 As of June 30, 2006, the carrying amount of deposits for component units was $92,306,495, as included in Table 1 .
What to read after Comprehensive Annual Financial Report for the Fiscal Year Ended ... Jun 30 2006?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Dept. of Administration. Accounting Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The State retains all rights and risks of ownership during the loan period. At year-end, the BOI has no credit risk exposure to borrowers because the amount the BOl owes the borrowers exceed the amount the borrowers o\\ e the system.
68 Montana Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2006 B. Cash/Cash Equivalents (1) Cash Deposits - The Slate requires collateralization based on the average daily bank balance in the depository bank holding the main State bank account. Fo...r other depository banks, state statutes require collateralization at 50% of the bank balance. The cash deposits amount includes both primary government and component unit deposits.
Table 1 - Cash Deposit Amounts (in thousands) Carrying Amount Cash held by State/State's agent $ 30,186 Uninsured and uncollateralized cash 4,917 Undeposited cash 1,418 Cash in U.S. Treasury 229,469 Cash in MSU component units 5,917 Cash in UM component units 8,334 Less: outstanding warrants (56,134) Total cash deposits $224,107 As of June 30, 2006, the carrying amount of deposits for component units was $92,306,495, as included in Table 1 .
What to read after Comprehensive Annual Financial Report for the Fiscal Year Ended ... Jun 30 2006?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Dept. of Administration. Accounting Division to read onlineMoreLess
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