Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 2001
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Use of Estimates - The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
NOTE B - CASH AND CASH EQUIVALENTS Cash and cash equivalents consist of the following: June 30, 2001 2000 Short-term investment pool $1 ,069,565 $1 ,022,827 Cash on deposit with State Treasurer 1 36,521... 71 5,909 Cash in revolving deposit account 1 0,000 1 0,000 Petty cash 150 150 $ 1216.236 £1.748.886 The Montana State Lottery participates in the Montana Board of Investments Short Term Investment Pool (STIP). STIP balances are highly liquid investments with maturities of 397 days or less. There are no legal risks that the Board of Investments is aware of regarding any STIP investments. The bank balance of the revolving deposit account was $25,897 and $16,848 at June 30, 2001 and 2000, respectively, and was covered by federal depository insurance.
What to read after Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 2001?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Use of Estimates - The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
NOTE B - CASH AND CASH EQUIVALENTS Cash and cash equivalents consist of the following: June 30, 2001 2000 Short-term investment pool $1 ,069,565 $1 ,022,827 Cash on deposit with State Treasurer 1 36,521... 71 5,909 Cash in revolving deposit account 1 0,000 1 0,000 Petty cash 150 150 $ 1216.236 £1.748.886 The Montana State Lottery participates in the Montana Board of Investments Short Term Investment Pool (STIP). STIP balances are highly liquid investments with maturities of 397 days or less. There are no legal risks that the Board of Investments is aware of regarding any STIP investments. The bank balance of the revolving deposit account was $25,897 and $16,848 at June 30, 2001 and 2000, respectively, and was covered by federal depository insurance.
What to read after Financial Statements And Independent Auditors' Report, Montana State Lottery, June 30, .. 2001?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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