Department of Public Service Regulation Financial-Compliance Audit Report for the Two Fiscal Years Ended June 30 .. 1990

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3. Pension Plan Employees are covered by the Montana Public Employees' Retirement System (PERS). The department's contribution to PERS was $79,223 in fiscal year 1988-89 and $70,522 in fiscal year 1989-90.
Page 18 Notes to the Financial Schedules General Fund Balance The General Fund is a statewide fund. Agencies do not have a separate General Fund since their only authority is to pay obligations from the statewide General Fund within their appro- priation limits. Thus, on an agency's schedules
..., the General Fund beginning and ending fund balance will always be zero.
Direct Entry to Fund Balance During the June 1986 Special Session, the legislature enacted House Bill 45 which provided funding for the department in the Special Revenue Fund for fiscal year 1986-87 through fees levied on regulated utility companies. The 1987 Legislature continued this fee, which is collected by the Montana Depart- ment of Revenue, but appropriated the funds for Department of Public Service Regulation operations from the General Fund.


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