Montana Board of Housing, a Component Unit of the State of Montana Financial-Compliance Audit for the Two Fiscal Years Ended June 30, ... 2002
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(2) Current liabilities increased by $28,716,757. This is because the board had $26,960,000 of Dravif Down bonds that were outstanding at year end and were paid off in July, 2002.
(3) Noncurrent liabilities decreased by $52,235,850. This was caused by increased prepayments on mortgages that resulted in increased bond calls reducing our liability.
(4) Earning from investments decreased by $2,732,266. This was due to the fact that interest rates have decreased and funds not invested in Gauranteed... Investment Contracts realized this reduction in earnings.
(5) General and Administrative Expenses increased $263,096. This was due to increases in staff, computer replacement, moving, foreclosure software, maintenance and indirect costs.
(6) House Bill 57 of the 2001 Montana Legislature directed the transfer of $500,000 from the Section 8 reserve account. These funds are in the Housing Revolving Loan Account.
Page A-6 MONTANA BOARD OF HOUSING A COMPONENT UNIT OF THE STATE OF MONTANA STATEMENT OF NET ASSETS AS OF JUNE 30, 2002 AND 2001 ASSETS Current Assets Restricted Cash and Cash Equivalents (Note 2) Restricted Investments (Note 4) Restricted Mortgage Loans Receivable (Note 5) Restricted Interest Receivable Prepaid Expense Total Current Assets Noncun-ent Assets Restricted Investments (Note 4) Restricted Mortgage Loans Receivable (Note 5) Deferred Bond Issuance Costs, Net Capital Assets, Net (Note 7) Total Noncurrent Assets TOTAL ASSETS LIABILITIES Current Liabilities Accounts Payable Due to State Government Property Held in Trust Accrued Interest - Bonds Payable Bonds Payable, Net (Note 8) Arbitrage Rebate Payable to U.S.
What to read after Montana Board of Housing, a Component Unit of the State of Montana Financial-Compliance Audit for the Two Fiscal Years Ended June 30, ... 2002?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(2) Current liabilities increased by $28,716,757. This is because the board had $26,960,000 of Dravif Down bonds that were outstanding at year end and were paid off in July, 2002.
(3) Noncurrent liabilities decreased by $52,235,850. This was caused by increased prepayments on mortgages that resulted in increased bond calls reducing our liability.
(4) Earning from investments decreased by $2,732,266. This was due to the fact that interest rates have decreased and funds not invested in Gauranteed... Investment Contracts realized this reduction in earnings.
(5) General and Administrative Expenses increased $263,096. This was due to increases in staff, computer replacement, moving, foreclosure software, maintenance and indirect costs.
(6) House Bill 57 of the 2001 Montana Legislature directed the transfer of $500,000 from the Section 8 reserve account. These funds are in the Housing Revolving Loan Account.
Page A-6 MONTANA BOARD OF HOUSING A COMPONENT UNIT OF THE STATE OF MONTANA STATEMENT OF NET ASSETS AS OF JUNE 30, 2002 AND 2001 ASSETS Current Assets Restricted Cash and Cash Equivalents (Note 2) Restricted Investments (Note 4) Restricted Mortgage Loans Receivable (Note 5) Restricted Interest Receivable Prepaid Expense Total Current Assets Noncun-ent Assets Restricted Investments (Note 4) Restricted Mortgage Loans Receivable (Note 5) Deferred Bond Issuance Costs, Net Capital Assets, Net (Note 7) Total Noncurrent Assets TOTAL ASSETS LIABILITIES Current Liabilities Accounts Payable Due to State Government Property Held in Trust Accrued Interest - Bonds Payable Bonds Payable, Net (Note 8) Arbitrage Rebate Payable to U.S.
What to read after Montana Board of Housing, a Component Unit of the State of Montana Financial-Compliance Audit for the Two Fiscal Years Ended June 30, ... 2002?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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