Department of Administration
State Accounting Division

Montana Operations Manual (MOM) Volume II
Accounting Policies and Procedures

Management Memos (In Force)

Management memos (MM) are instructions relative to financial topics that cannot be readily incorporated into an existing MOM chapter. In most cases, accounting issues will be incorporated into the related MOM chapters rather than in the management memo format. At the current time, only recent management memos are available on-line from this website (effective date in fiscal 2002 or later). Agencies should contact Department of Administration, State Accounting Bureau at (406) 444-3092 for copies of older management memos. Only management memos currently in force are listed in the index below.

Number	Title	Date effective
2-76-01	Purchases from succeeding year appropriations	03-30-76
2-77-02	State agency disbursements to State of Montana political subdivisions	04-01-77
2-77-9A	Agency dissolution	06-13-80
2-78-05	Over-expended appropriations	04-19-78
2-82-01	Recording loans receivable in budgeted funds	09-14-81
2-83-09	Prompt payment	09-12-83
2-86-03	Objects of expenditures	03-10-86
2-86-07	Working capital	10-30-86
2-87-04	Accruing investment earnings in SBAS at fiscal year-end	05-01-87
2-87-06	Disclosure requirements for investments	06-01-87
2-88-01	Expendable and nonexpendable trust funds (see also management memo 2-98-09)	07-01-87
2-89-03	Accounting for nonrefundable fees and costs	07-01-88
2-92-05	Arbitrage accounting	07-01-91
2-94-02	Expenditure abatements	07-01-93
2-94-05	Federal excise tax on gasoline	10-01-93
2-95-03	Financial reporting entity	07-01-94
2-95-04	Financial statement presentation and fund balance reservation (see note 1 below)	07-01-94
2-96-07	Conduit (no-commitment) debt disclosures	07-01-95
2-96-08	Accounting and financial reporting for refundings of debt reported by proprietary activities	07-01-94
2-96-10	Financial reporting for defined benefit pension plans and note disclosures for defined contribution plans (selected agencies)	07-01-95
2-96-11	Accounting for pensions by state and local governmental employers	07-01-95
2-96-12	Reporting cash flows of proprietary and nonexpendable trust funds and governmental entities that use proprietary fund accounting (selected agencies)	07-01-96
2-97-02	Accounting and financial reporting for securities lending transactions (selected agencies)	07-01-96
2-98-09	Accounting and financial reporting for certain investments and for external investment pools (amends management memo 2-88-01) Reference should also be made to a clarifying memo issued August 17, 1998.	07-01-97
2-98-11	Accounting and financial reporting for IRC section 457 deferred compensation plans (selected agencies)	07-01-97
2-00-01	Audited financial statements	07-01-99
2-02-04	Transfers and capital contributions (see note 2 below)	07-01-01
2-02-06	GASB 34 fiduciary funds	07-01-01
2-02-08	GASB 34 presentation of compensated absences	07-01-01
2-02-09	Proprietary fund component unit presentation	07-01-01
2-03-01	Procedures to facilitate the State Treasurer's bank reconciliation process (see also management memo 2-04-08)	03-01-03
2-03-05	GASB 34 - long-term liabilities - update	07-01-02
2-04-01	Accounting for prior year corrections of transactions generated by the SABHRS asset management system	07-01-03
2-04-02	Expense account codes for recruitment advertising	07-01-03
2-04-03	Accounting and financial reporting for intra-entity activity	07-01-03
2-04-04	Accounting for insurance proceeds	07-01-03
2-04-06	Audited financial statements for component units reporting as special purpose governments engaged only in business-type activities	07-01-03
2-04-07	SWCAP and indirect cost recoveries	01-01-04
2-04-08	Procedures to facilitate the State Treasurer's bank reconciliation process - addendum (amends management memo 2-03-01)	03-01-03
2-04-10	Accounting for escheated property (see also management memo 2-05-01)	07-01-03
2-05-01	Accounting for escheated property - addendum (amends management memo 2-04-10)	07-01-04
2-05-02	Agency response to legislative audit	07-01-04

Note 1 - The "fund balance" section of management memo 2-95-04 was replaced by chapter 2-1800. The other sections of management memo 2-95-04 remain in force at this time.

Note 2 - The "non-capitalized asset residual equity transfers" and "operating transfers" sections of management memo 2-02-04 were replaced by chapter 2-5000. The other sections of management memo 2-02-04 remain in force at this time.