Department of Labor And Industry Financial-Compliance Audit for the Two Fiscal Years Ended June 30,... 1994
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In our eReader you can find the full English version of the book. Read Department of Labor And Industry Financial-Compliance Audit for the Two Fiscal Years Ended June 30,... 1994 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 Department of Labor And Industry Financial-Compliance Audit for the Two Fiscal Years Ended June 30,... 1994
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Secretary of the Treasury sets forth the terms and conditions agreed upon to implement the requirements of the federal Cash Management Improvement Act of 1990 (CMIA). The agreement took effect on July 1, 1993. Funds withdrawn from the Department of Labor and Industry's Unemployment Insurance Trust Fund (CFDA #17.225) are subject to the specific requirements of the agreement. The agreement notes the state shall transfer funds to the state benefit payment account based on an estimated check clear...ance pattern calculated by the department. We noted the department is not using the clearance pattern as outlined in the agreement, as shown below in table 4.
Table 4 Estinated Check Clearance Pattern Days After Percent of Check Issuance Funds Requested 0.0 1 0.0 2 0.0 3 27.6 4 40.7 5 14.3 6 15.1 7 3.3 Source: Cash Management Iiproveaient Act Agreement .
The clearance pattern is an estimate of the time it takes after issuance date for benefit checks to clear the state bank. This estimate is used because it identifies when the benefit payment account must have adequate cash to pay the cashed checks.
What to read after Department of Labor And Industry Financial-Compliance Audit for the Two Fiscal Years Ended June 30,... 1994?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Secretary of the Treasury sets forth the terms and conditions agreed upon to implement the requirements of the federal Cash Management Improvement Act of 1990 (CMIA). The agreement took effect on July 1, 1993. Funds withdrawn from the Department of Labor and Industry's Unemployment Insurance Trust Fund (CFDA #17.225) are subject to the specific requirements of the agreement. The agreement notes the state shall transfer funds to the state benefit payment account based on an estimated check clear...ance pattern calculated by the department. We noted the department is not using the clearance pattern as outlined in the agreement, as shown below in table 4.
Table 4 Estinated Check Clearance Pattern Days After Percent of Check Issuance Funds Requested 0.0 1 0.0 2 0.0 3 27.6 4 40.7 5 14.3 6 15.1 7 3.3 Source: Cash Management Iiproveaient Act Agreement .
The clearance pattern is an estimate of the time it takes after issuance date for benefit checks to clear the state bank. This estimate is used because it identifies when the benefit payment account must have adequate cash to pay the cashed checks.
What to read after Department of Labor And Industry Financial-Compliance Audit for the Two Fiscal Years Ended June 30,... 1994?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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