State of Montana, Department of Revenue, Financial And Compliance Audit for the Two Fiscal Years Ended June 30, 1984 : Report to the Legislature 1984
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Consequently, the financial statements prepared from SBAS show expenditures in accordance with legal compliance rather than GAAP. A determina- tion of actual services rendered by the various support divisions and the licensing operations expenses shows there to be no material effect on the balance sheet or statement of operations of the Liquor Enterprise Fund. The Department of Revenue requested changes in the appropriations from the Liquor Enterprise Fund so the expenditures could be more prop...erly matched with revenues. The legislature decided against a change. D. "Due To" and "Due From" Accounts - At fiscal year-end cash balances remain intact in the accounting entities and move- ment of moneys between accounts because of the necessity of distributing revenues or making expenditures is recorded in "due to" accounts with the corresponding asset "due from" accounts shown in the appropriate accounting entities. E. Transfers Out - Since many of the accounting entities that the Department of Revenue makes entries in are not adminis- tered by the department, they are accounted for on a non-consoli- dated basis with any balance "transferred out" to the consolidated entity at fiscal year-end.
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