State of Montana, Environmental Quality Council, Financial-Compliance Audit for the Two Fiscal Years Ended June 30, 1991 1991

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- Obligations for employees' vested leave and sick leave are recorded as expenditures when paid.
Basis of Presentation The financial schedules were prepared from Statewide Budgeting and Accounting System (SBAS) without adjustments. Accounts are organized on the basis of funds according to State law.
The following fund types are used by the office: General - accounts for all financial resources except those required to be accounted for in another fund.
Special Revenue - accounts for the proceeds
... of specific revenue sources that are legally restricted to expenditures for specified purposes. Legislative appropriation is required to spend from this fund.
ENVIRONMENTAL QUALITY COUNCIL NOTES TO THE FINANCIAL SCHEDULES ( CONT . ) JUNE 30, 1990 AND 1991 Vacation and Sick Leave Employees are paid for 100 percent of unused vacation and 25 percent of unused sick leave credits upon termination.
Accumulated unpaid liabilities for vacation and sick leave are not reflected in the financial schedules of the Environmental Quality Council.


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