Department of Natural Resources And Conservation Financial-Compliance Audit for Two Fiscal Years Ended .. 2006
Department of Natural Resources And Conservation Financial-Compliance Audit for Two Fiscal Years Ended .. 2006
Montana. Legislature. Legislative Audit Division
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Repay the $15,406 inappropriately withheld from University of Montana, Montana State University - second grant, Montana Tech, State Normal School, School for the Deaf and Blind, and Capitol Building Trust revenues, plus accrued interest, to these trusts and their beneficiaries. Page 12 Findings and Recommendations Maximum Deposits Certain land trust deposits to the Trust Land Administration Account were limited in fiscal years 2004-05 and 2005-06; the Common School Trust paid the difference of ...$215,631. During our review of the department's fiscal year 2004-05 and 2005-06 allocations of Trust Land Administration Account costs to the trusts, we determined portions were inappropriately paid by the Common School Trust. In fiscal year 2004-05, the department allocated costs of $41,627 to the State Reform School Trust. The maximum amount this trust could deposit into the Trust Land Administration Account, however, was limited by law to $29,715. The remaining amount of $1 1,912 was paid by the Common School Trust.
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