Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1987
The book Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1987 was written by author Montana. Legislature. Office of the Legislative Auditor Here you can read free online of Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1987 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Guaranteed Student Loan Program, Commissioner of Higher Education Financial Audit for the Fiscal Year Ended .. 1987 a good or bad book?
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Revenues are susceptible to accrual if they are measureable and available to finance expenditures of the fiscal period or are not received at the normal time of receipt. Revenues are deferred if material and are received before the "normal" time of receipt or if received for a particular activity and the expense for the activity has not been incurred prior to fiscal year-end. 2. EMPLOYEES' RETIREMENT SYSTEM The Guaranteed Student Loan program employees are covered by either the Public Employees...' Retirement System (PERS) or the Teachers' Retirement System (TRS). Under PERS, the state contributes 6.417 percent of an employee's gross wages to PERS. The employee contributes 6.0 percent of his gross wages. In FY 87, $4,517 was contributed to PERS in employer contributions. Under TRS, the state contributes 7.428 percent of an employee's gross wages to TRS. The employee contributes 7.044 percent of his gross wages. In FY 87, $4,204 was contributed to TRS in employer contributions. The state's policy is to fund accrued pension costs.
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