Montana State Lottery Audited Financial Statements 1992
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In our eReader you can find the full English version of the book. Read Montana State Lottery Audited Financial Statements 1992 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Montana State Lottery Audited Financial Statements 1992
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In addition the Lottery was required to contribute for its portion of the reserve fund accumulated since the start of the Multi-State Lottery. The Lottery made this payment in full as of June 1990, through an additional two percent of drawing revenue rather than making a lump sum payment. Payments made to the reserve fund are considered a portion of the prize expense associated with the on-line game.
The unreserved accounts were created by the MUSL Board in July 1990. The purpose of this accoun...t was to record interest earned on the prize reserve fund when the prize reserve fund balance is not below the ceiling amount. The amounts in the unreserved accounts can be used as approved by the Board.
As of June 30, 1992, the MUSL prize reserve fund had a balance of $24,802,045 of which the Montana Lottery's combined reserve and unreserved funds were $571,823.
Note 10: Lotto*America Prizes and Investments - Prizes awarded to Lotto*America grand prize winners are paid 20 annual installments. The Multi-State Lottery purchases United States Treasury zero coupon bonds to finance the remaining installments of the grand prizes.
What to read after Montana State Lottery Audited Financial Statements 1992?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In addition the Lottery was required to contribute for its portion of the reserve fund accumulated since the start of the Multi-State Lottery. The Lottery made this payment in full as of June 1990, through an additional two percent of drawing revenue rather than making a lump sum payment. Payments made to the reserve fund are considered a portion of the prize expense associated with the on-line game.
The unreserved accounts were created by the MUSL Board in July 1990. The purpose of this accoun...t was to record interest earned on the prize reserve fund when the prize reserve fund balance is not below the ceiling amount. The amounts in the unreserved accounts can be used as approved by the Board.
As of June 30, 1992, the MUSL prize reserve fund had a balance of $24,802,045 of which the Montana Lottery's combined reserve and unreserved funds were $571,823.
Note 10: Lotto*America Prizes and Investments - Prizes awarded to Lotto*America grand prize winners are paid 20 annual installments. The Multi-State Lottery purchases United States Treasury zero coupon bonds to finance the remaining installments of the grand prizes.
What to read after Montana State Lottery Audited Financial Statements 1992?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Office of the Legislative Auditor to read onlineMoreLess
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