Montana State Lottery Financial Statements, Years Ended June 30, ... 1998
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In our eReader you can find the full English version of the book. Read Montana State Lottery Financial Statements, Years Ended June 30, ... 1998 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 Financial Statements, Years Ended June 30, ... 1998
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The remaining revenue, less operating expenses, is transferred to the Montana State General Fund. Section 23-7-401(5), MCA, states that for the purposes of funding a study of the socioeconomic impacts of gambling, $100,000 of Lottery net revenue may be appropriated during the biennium ending June 30, 1999. $52,708 of net revenue was utilized to fund the study during fiscal year 1998 and is reflected in the financial statements as an operating transfer out.
Reporting Entity The Lottery is includ...ed in the State of Montana's financial statements as an enterprise fijnd. In accordance with governmental accounting and financial reporting standards, there are no component units to be included within the Lottery's financial statements as a reporting agency.
Basis of Accounting The Lottery utilizes the accrual basis of accounting and is classified as an enterprise fund of the governmental proprietary fund type. Enterprise funds account for operations similar to private business enterprises where the intent of the Legislature is that costs are to be financed or recovered primarily through user charges, or where the Legislature has decided that periodic determination of revenue earned, expenses incurred or net income is appropriate.
What to read after Montana State Lottery Financial Statements, Years Ended June 30, ... 1998?
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 remaining revenue, less operating expenses, is transferred to the Montana State General Fund. Section 23-7-401(5), MCA, states that for the purposes of funding a study of the socioeconomic impacts of gambling, $100,000 of Lottery net revenue may be appropriated during the biennium ending June 30, 1999. $52,708 of net revenue was utilized to fund the study during fiscal year 1998 and is reflected in the financial statements as an operating transfer out.
Reporting Entity The Lottery is includ...ed in the State of Montana's financial statements as an enterprise fijnd. In accordance with governmental accounting and financial reporting standards, there are no component units to be included within the Lottery's financial statements as a reporting agency.
Basis of Accounting The Lottery utilizes the accrual basis of accounting and is classified as an enterprise fund of the governmental proprietary fund type. Enterprise funds account for operations similar to private business enterprises where the intent of the Legislature is that costs are to be financed or recovered primarily through user charges, or where the Legislature has decided that periodic determination of revenue earned, expenses incurred or net income is appropriate.
What to read after Montana State Lottery Financial Statements, Years Ended June 30, ... 1998?
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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