State of Montana, Office of the Commissioner of Higher Education And Board of Regents of Higher Education Report On the Examination of Financial Statements 1981

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Such information has been subjected to the auditing procedures applied in our basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
October 30, 1981 Respectfully submitted, James H. Gillett, CPA Principal Audit Manager Financial/Compliance and Contract Audits Approved by: iJ A' /U-^.u^irzrry Robert R. Rindiwood Legislative Auaitor 14 COMMISSIONER OF HIGHER EDUCATION COMBINED BALANCE SHEET ALL FUN
...D TYPES AND ACCOUNT GROUPS JUNE 30, 1981 ASSETS: Cash Accounts Receivable Due From Other Funds General Fund Spending Authority to Pay Accrued Obligations Investments (STIP - Principle) Fixed Assets Amount to be Provided for Retire- ment of Installment Purchase Agreements TOTAL ASSETS GOVERNMENTAL FUND TYPES ACCOUNT GROUPS General Special Revenue $333,158 54,424 General General Long-Term Fixed Assets Debt $ 35 4,689 9,833 30,907 257,580 $45,464 $645.162 $76,634 $76,634 $9,056 $9.056 LIABILITIES: Accounts Payable Accrued Expenditures Receipts Collected in Advance Due to Other Funds Due to Consolidated Entity Due to Federal Government Purchase Contracts Payable Total Liabilities FUND EQUITY: Investment in General Fixed Assets Fund Balance Total Fund Equity TOTAL LIABILITIES AND FUND EQUITY $26,722 $ 44,550 4,185 24,329 465,050 9,833 14,557 $45,464 50,000 51, ^400 51, ,400 $645^ .162 4 5,464 593,762 $ -0- 76,634 "767634 $76.634 $9,056 9.056 -0- $9,056 See accompanying notes to the financial statements.

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