Montana Board of Housing, Department of Commerce Financial Audit for the Fiscal Year Ended June 30, ... 1998
The book Montana Board of Housing, Department of Commerce Financial Audit for the Fiscal Year Ended June 30, ... 1998 was written by author Montana. Legislature. Legislative Audit Division Here you can read free online of Montana Board of Housing, Department of Commerce Financial Audit for the Fiscal Year Ended June 30, ... 1998 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Montana Board of Housing, Department of Commerce Financial Audit for the Fiscal Year Ended June 30, ... 1998 a good or bad book?
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These reserves are disclosed in Note 4 to the financial statements. Also, as disclosed in Note 5 to the financial statements, the mortgage loans receivable are pledged as security for holders of the bonds. Certain indentures also require asset-liability coverage ratios be met as well as cash flow certificates be furnished for any significant change anticipated in the financial structure of an indenture. Page A-7 MONTANA BOARD OF HOUSING ENTERPRISE FUND NOTES TO THE FINANCIAL STATEIVIENTS(contin...ued) June 30, 1998 and 1997 N0TE1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued Fund Accounting - continued Reserved Retained Earnings also include reserved and committed funds for various programs established by the Board. Fund Structure: Single Family Mortgage Program Funds - these funds, established under ten separate trust indentures adopted on various dates, are established for accounting for the proceeds from the sale of Single Family Mortgage Bonds and the debt service requirements of the bond indebtedness.
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