Montana Facility Finance Authority : Financial-Compliance Audit for the Two Fiscal Years Ended 2006 Dec
Montana Facility Finance Authority : Financial-Compliance Audit for the Two Fiscal Years Ended 2006 Dec
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The Authority's PERS contributions were $8,237 and $7,725 in fiscal years 2006 and 2005, respectively.
Deferred Compensation Plan The Authority's permanent employees are eligible to participate in the State of Montana's deferred compensation plan.
The compensation deferred is not available to employees until separation from State service, retirement, death, or upon an unforeseeable emergency, when still employed and meeting IRS specified criteria. The plan is governed by Internal Revenue Servic...e Code (IRC) Section 457 and Title 19, chapter 50, Montana Code Annotated (MCA). The Small Business Job Protection Act of 1996 resulted in changes to IRC Section 457 and Title 19, chapter 50, MCA. Assets of the deferred compensation plan are required to be held in trust, custodial accounts or insurance company contracts for the exclusive benefit of participants and their beneficiaries.
6. Net Assets Capital Reserve Accounts Net Assets Funded 2006 Requirement 2006 Funded 2005 Requirement 2005 Capital Reserve Account A $1,085,391 $4,723,031 $1,169,461 $4,531,664 Capital Reserve Account B 1,448 1,448 4,748 4,748 Direct Loan Program 1,032.871 1,032,870 798,158 798,158 Working Capital Fund 589,822 589,822 511,828 511,828 Total $2,709,532 $6,347,171 $2,484,195 $5,846,398 The Montana Legislature approved the creation of Capital Reserve Accounts in section 90-7-3 17, MCA, as seciu*ity for the payment of loans in connection with certain bonds or loans issued by the Authority.
What to read after Montana Facility Finance Authority : Financial-Compliance Audit for the Two Fiscal Years Ended 2006 Dec?
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:
The Authority's PERS contributions were $8,237 and $7,725 in fiscal years 2006 and 2005, respectively.
Deferred Compensation Plan The Authority's permanent employees are eligible to participate in the State of Montana's deferred compensation plan.
The compensation deferred is not available to employees until separation from State service, retirement, death, or upon an unforeseeable emergency, when still employed and meeting IRS specified criteria. The plan is governed by Internal Revenue Servic...e Code (IRC) Section 457 and Title 19, chapter 50, Montana Code Annotated (MCA). The Small Business Job Protection Act of 1996 resulted in changes to IRC Section 457 and Title 19, chapter 50, MCA. Assets of the deferred compensation plan are required to be held in trust, custodial accounts or insurance company contracts for the exclusive benefit of participants and their beneficiaries.
6. Net Assets Capital Reserve Accounts Net Assets Funded 2006 Requirement 2006 Funded 2005 Requirement 2005 Capital Reserve Account A $1,085,391 $4,723,031 $1,169,461 $4,531,664 Capital Reserve Account B 1,448 1,448 4,748 4,748 Direct Loan Program 1,032.871 1,032,870 798,158 798,158 Working Capital Fund 589,822 589,822 511,828 511,828 Total $2,709,532 $6,347,171 $2,484,195 $5,846,398 The Montana Legislature approved the creation of Capital Reserve Accounts in section 90-7-3 17, MCA, as seciu*ity for the payment of loans in connection with certain bonds or loans issued by the Authority.
What to read after Montana Facility Finance Authority : Financial-Compliance Audit for the Two Fiscal Years Ended 2006 Dec?
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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