Montana State Fund : Financial Audit for the Fiscal Year Ended June 30, .. 1999
The book Montana State Fund : Financial Audit for the Fiscal Year Ended June 30, .. 1999 was written by author Montana. Legislature. Legislative Audit Division Here you can read free online of Montana State Fund : Financial Audit for the Fiscal Year Ended June 30, .. 1999 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Montana State Fund : Financial Audit for the Fiscal Year Ended June 30, .. 1999 a good or bad book?
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A private insurance carrier reporting under GAAP accounting rules would follow Financial Accounting Standards Board statement 1 15 (FASB 1 15) as their guideline in reporting changes in market values of investments held to maturity. The State Fund holds its investments to maturity and as such followed FASB 1 15 prior to the implementaUon of GASB 31. A comparison of the GASB 31 and FASB 1 15 treatments on the New Fund financial statements for fiscal year 1998-99, under a held-to-maturity classif...ication of investments, reveals: Underwriting Gain/Loss FY 99 Market Valuation Effect Other Investment Income Dividend Expense Operating Transfers Out Other Income/(Expense) Net Income Beginning Surplus Prior Year Adjustment Ending Surplus 6/30/99 GASB 31 $4,038,951 (12,429,107) 30,449,824 (9,992,186 (10,000,000) 43,993 $2,111,475 142,246,745 5,013 $144.363.233 FASB 115 $4,038,951 30,449,824 (9,992,186) (10,000,000) 43.993 $14,540,582 127,231,220 5,013 $141.776.815 See Note 2 for further discussion of the effect of GASB 3 1 .
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