Report to the Legislature : Financial Audit for the Fiscal Year Ended June 30, ..., Montana State University 2004
Report to the Legislature : Financial Audit for the Fiscal Year Ended June 30, ..., Montana State University 2004
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In our eReader you can find the full English version of the book. Read Report to the Legislature : Financial Audit for the Fiscal Year Ended June 30, ..., Montana State University 2004 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 Report to the Legislature : Financial Audit for the Fiscal Year Ended June 30, ..., Montana State University 2004
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The rate as of June 30, 2004, was 2.70%.
Other advances were made during the mid- 1 990s by the Montana Science and Technology Alliance (MSTA) to stimulate research and creative activities in Montana. Such loans were subsequently assumed by the State of Montana Board of Investments. Amounts are expected to be repaid as follows; however, actual payments are allocated between three of the state institutions of higher education based on relative proportions of annual Research and Creative Activiti...es expenditures, and actual repayments and the timing thereof may vary.
Payable during tine year ending Intercap Loans MSTA Advances June 30, Principal Interest Total Principal Interest Total 2005 $ 824,978 $ 1 02,563 $ 927,541 $ 44,671 $ 135,329 $ 180,000 2006 912,392 79,610 992,002 45,786 134,214 180,000 2007 813,034 64,562 877,596 46,930 133,070 180,000 2008 705,049 42,188 747,237 48,102 131,898 180,000 2009 484,716 23,067 507,783 49,303 130,697 180,000 2010-2014 492,244 20,210 512,454 265,611 634,389 900,000 2015-2019 4,424 - 4,424 300,477 599,523 900,000 2020-2024 - - - 339,919 560,081 900,000 2025-2029 - - - 384,538 515,462 900,000 2030-2034 - - - 435,015 464,985 900,000 2035-2039 - - - 492,117 407,883 900,000 2040-2044 - - - 556,714 343,286 900,000 2045-2049 - - - 629,791 270,209 900,000 2050-2054 - - - 712,461 187,539 900,000 2055-2059 - - - 805,981 94,019 900,000 2060-2061 - - - 261,392 8,608 270,000 Total $ 4,236,837 $ 332,200 $ 4,569,037 $ 5,418,808 $4,751,192 $10,170,000 NOTE 12 - CAPITAL LEASE OBLIGATIONS Capital Leases: The University has future minimum lease commitments for capital lease obligations consisting of the following at June 30, 2004: Payable during the year ending June 30, Principal and Interest 2005 2006 2007 Total payments Less amount representing interest Principal balance outstanding $ 33,249 25,316 10,640 69,205 (7,600) $ 61,605 A -30 Montana State University (a component unit of the State of Montana) Notes to Consolidated Financial Statements As of and for Each of the Two Years Ended June 30, 2004 (continued) NOTE 13 - UNRESTRICTED NET ASSETS As of June 30, the University's unrestricted net assets consisted of the following: 2004 2003 General operating funds $(12,934,811) $(14,460,012) Facility renewal and replacement funds 13,340,446 15,821,325 Student services and auxiliary department reserves, including inventories 12,446,348 10,672,366 Instruction, academic support and public service department funds 7,946,789 7,315,006 Indirect cost recoveries and research-related funds 7,138,459 6,053,954 Unexpended plant funds 3,677,161 3,459,516 Retirement of indebtedness funds 3,366,200 3,050,449 Facilities services balances, including inventories 2,407,092 2,267,021 Employer-provided benefits reserves 1,186,599 1,181,719 Agricultural Experiment Station and Extension Services funds 2,056,702 1 ,521 ,055 Administration and finance department funds 2,722,041 2,348,894 Student organization funds 764,305 930,945 Livestock inventories 519,225 672,610 President's office funds 739,817 660,545 Other funds - 88,318 Total unrestricted net assets $ 45,376,373 $41,583,711 The University has not funded the compensated absences balance related to employees paid using unrestricted funds, creating negative net asset balances of $1 2.9 million and $1 4.5 million as of June 30, 2004 and 2003, respectively.
What to read after Report to the Legislature : Financial Audit for the Fiscal Year Ended June 30, ..., Montana State University 2004?
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 rate as of June 30, 2004, was 2.70%.
Other advances were made during the mid- 1 990s by the Montana Science and Technology Alliance (MSTA) to stimulate research and creative activities in Montana. Such loans were subsequently assumed by the State of Montana Board of Investments. Amounts are expected to be repaid as follows; however, actual payments are allocated between three of the state institutions of higher education based on relative proportions of annual Research and Creative Activiti...es expenditures, and actual repayments and the timing thereof may vary.
Payable during tine year ending Intercap Loans MSTA Advances June 30, Principal Interest Total Principal Interest Total 2005 $ 824,978 $ 1 02,563 $ 927,541 $ 44,671 $ 135,329 $ 180,000 2006 912,392 79,610 992,002 45,786 134,214 180,000 2007 813,034 64,562 877,596 46,930 133,070 180,000 2008 705,049 42,188 747,237 48,102 131,898 180,000 2009 484,716 23,067 507,783 49,303 130,697 180,000 2010-2014 492,244 20,210 512,454 265,611 634,389 900,000 2015-2019 4,424 - 4,424 300,477 599,523 900,000 2020-2024 - - - 339,919 560,081 900,000 2025-2029 - - - 384,538 515,462 900,000 2030-2034 - - - 435,015 464,985 900,000 2035-2039 - - - 492,117 407,883 900,000 2040-2044 - - - 556,714 343,286 900,000 2045-2049 - - - 629,791 270,209 900,000 2050-2054 - - - 712,461 187,539 900,000 2055-2059 - - - 805,981 94,019 900,000 2060-2061 - - - 261,392 8,608 270,000 Total $ 4,236,837 $ 332,200 $ 4,569,037 $ 5,418,808 $4,751,192 $10,170,000 NOTE 12 - CAPITAL LEASE OBLIGATIONS Capital Leases: The University has future minimum lease commitments for capital lease obligations consisting of the following at June 30, 2004: Payable during the year ending June 30, Principal and Interest 2005 2006 2007 Total payments Less amount representing interest Principal balance outstanding $ 33,249 25,316 10,640 69,205 (7,600) $ 61,605 A -30 Montana State University (a component unit of the State of Montana) Notes to Consolidated Financial Statements As of and for Each of the Two Years Ended June 30, 2004 (continued) NOTE 13 - UNRESTRICTED NET ASSETS As of June 30, the University's unrestricted net assets consisted of the following: 2004 2003 General operating funds $(12,934,811) $(14,460,012) Facility renewal and replacement funds 13,340,446 15,821,325 Student services and auxiliary department reserves, including inventories 12,446,348 10,672,366 Instruction, academic support and public service department funds 7,946,789 7,315,006 Indirect cost recoveries and research-related funds 7,138,459 6,053,954 Unexpended plant funds 3,677,161 3,459,516 Retirement of indebtedness funds 3,366,200 3,050,449 Facilities services balances, including inventories 2,407,092 2,267,021 Employer-provided benefits reserves 1,186,599 1,181,719 Agricultural Experiment Station and Extension Services funds 2,056,702 1 ,521 ,055 Administration and finance department funds 2,722,041 2,348,894 Student organization funds 764,305 930,945 Livestock inventories 519,225 672,610 President's office funds 739,817 660,545 Other funds - 88,318 Total unrestricted net assets $ 45,376,373 $41,583,711 The University has not funded the compensated absences balance related to employees paid using unrestricted funds, creating negative net asset balances of $1 2.9 million and $1 4.5 million as of June 30, 2004 and 2003, respectively.
What to read after Report to the Legislature : Financial Audit for the Fiscal Year Ended June 30, ..., Montana State University 2004?
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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