Department of Natural Resources And Conservation Financial Compliance Audit for Two Fiscal Years Ended ... : Report to the Legislature 2006

Cover Department of Natural Resources And Conservation Financial Compliance Audit for Two Fiscal Years Ended ... : Report to the Legislature 2006
Department of Natural Resources And Conservation Financial Compliance Audit for Two Fiscal Years Ended ... : Report to the Legislature 2006
Montana.Dept. of Natural Resources And Conservation
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Administrative costs are required to be reasonable, incurred in perpetuating the purpose of the trust and not for other unrelated matters.
Administration costs are charged or allocated to the land trusts based on trust revenues, a practice established through department policy.
The following summarizes how certain administration account costs are charged or allocated to the land trusts: ► The Forest Improvement Account receives fees assessed against successful timber contract bidders.
► The Res
...ource Development Account receives a portion of each trust's income, currently set at 3 percent.
► The Recreational Use Account receives a portion of recreational use license fees.
► The Timber Sale Account receives a portion of timber sale revenues, up to the appropriation for the account.
► The Trust Land Administration Account receives deposits of certain trust income; the maximum deposit is 10 percent of certain Capitol Building Trust revenues and 1.125 percent of the book value of each of the remaining trusts.


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