Note 5: Long Term Liabilities J Changes in Long-Term Liabilities During the year August 31, 2016 the following changes occurred in liabilities. Amounts Amounts Due Governmental Balance Balance Within Due Activities 8/31116 Additions Thereafter 9/01115 Reductions 1 Year Compensable $694,305.57 $452,592.95 $386,666.16 $760,232.36 $401,271.25 $358,961.11 Leave Total $694,305.57 $358,961.11 $452,592.95 $368,666.16 $760,232.36 $401,271.25 Governmental Activities Employees' Compensable Leave A state employee is entitled to be paid for all unused vacation time accrued, in the event of the employee's resignation, dismissal, or separation from State employment, provided the employee has had continuous employment with the State for six months. Expenditures for accumulated annual leave balances are recognized in the period paid or taken in governmental fund types. For these fund types, the liability for unpaid benefits is recorded in the Statement of Net Assets. An expense and liability for proprietary fund types are recorded in the proprietary funds as the benefits accrue to employees. No liability is recorded for non-vesting accumulating rights to receive sick pay benefits.
J Note 5: Long Term Liabilities Changes in Long-Term Liabilities During the year August 31, 2016 the following changes occurred in liabilities. Governmental Activities Balance 9/01115 Additions Reductions Balance 8/31116 Amounts Due Within 1 Year Amounts Due Thereafter Compensable Leave $694,305.57 $452,592.95 $386,666.16 $760,232.36 $401,271.25 $358,961.11 Total Governmental Activities $694,305.57 $452,592.95 $368,666.16 $760,232.36 $401,271.25 $358,961.11 Employees' Compensable Leave A state employee is entitled to be paid for all unused vacation time accrued, in the event of the employee's resignation, dismissal, or separation from State employment, provided the employee has had continuous employment with the State for six months. Expenditures for accumulated annual leave balances are recognized in the period paid or taken in governmental fund types. For these fund types, the liability for unpaid benefits is recorded in the Statement of Net Assets. An expense and liability for proprietary fund types are recorded in the proprietary funds as the benefits accrue to employees. No liability is recorded for non-vesting accumulating rights to receive sick pay benefits.
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