Montana Lottery Annual Report 1991

Cover Montana Lottery Annual Report 1991
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Free tickets are recorded as a reduction in revenue and not as prize expense.
Cash and Cash Equivalents. Cash and cash equivalents consist of interest-bearing deposits with the Montana Board of Investments in the State's short-term investment pool and cash on deposit with the State Treasurer which is part of the State's pooled cash and is not separately idenfifiable as to specific types of securities. These funds are highly liquid and may be drawn on daily. See the statewide audit for the level
... of risk associated with the cash and cash equivalents.
Cash is as follows: Cash on deposit with State Treasurer June 30, 1991 $564,655 June 30, 1990 $506,585 Cash on deposit in short- term investment pool June 30, 1991 $ 400,800 Compensated Absences.
Lease purchase of copier June 30, 1990 $ 824,500 State employees earn payable in monthly vacation leave ranging from payments of $249 including Cash in revolving check 15 to 24 days per year interest at 16.7% through account depending on the February 1991.


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