Montana Facility Finance Authority : Financial-Compliance Audit for the Two Fiscal Years Ended 2006

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The basic financial statements can be found beginning on page A-5 of this report.
Notes to the financial statements The notes provide additional information that is essential to a full understanding of the data provided in the basic financial statements. The notes to the financial statements can be found beginning on page A-9 of this report.
Financial Analysis of the Authority Condensed financial statements are presented below.
Total assets Total liabilities Invested in Capital Assets Total unr
...estricted net assets 2006 2005 2004 2,782,190 2,519,423 2,456,114 72,658 35,228 38,020 45 228 448 2,709,487 2,483,967 2,417,646 Total operating revenues 445,306 280,199 311,840 Operating expenses: Personal services Contracted services Other operating expenses Grants Total operating expenses Operating income Investment Earnings Change in net assets 162,582 149,249 153,557 44,837 34,578 30,632 69,985 68,113 70,721 46,040 24,458 17,184 323,444 276,398 272,095 121,862 3,801 39,744 103,475 62,300 40,091 225,337 66,101 79,836 Administrative initial fees are charged to borrowers at the completion of a financing.

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