Rule 10.10.312 - COMPENSATED ABSENCE LIABILITY FUND(1) If the ending fund balance in the compensated absence liability fund (CALF) on June 30 exceeds 30% of the maximum liability on June 30 as defined in 20-9-512, MCA, the excess balance shall be transferred back to the general fund.(2) In accordance with generally accepted accounting principles, transfers due to/from the CALF are to be accrued prior to year's end in the district's accounting records as operating transfers. The actual cash transfer to/from the CALF shall be made before September 30th of the next fiscal year.Mont. Admin. r. 10.10.312
NEW, 1994 MAR p. 1824, Eff. 7/8/94; AMD, 1996 MAR p. 2168, Eff. 8/9/96.20-9-102, MCA; IMP, 20-9-512, MCA;