BOI Board Room

Monthly Net Asset Value


Beginning in FY 2016, the Board will report in its financial statement STIP investments on a Net Asset Value (NAV) basis.  Market value adjustments will need to be reported on participants' financial statements.  The Board will provide the monthly NAV factor on its website by the 15th business day.  Participants can use this rate to calculate the market adjustment to be recorded on their financial statements.

The value of each participating dollar equals the fair value divided by the amortized cost.

As an example: if an agency has an account balance of $20,000,000.00 and the NAV factor is 1.000376, then the participant would report its NAV participation in STIP valued at $20,007,520.00 or $20,000,000.00 x 1.000376.

To view the NAV factor, click here STIP NAV factor.


Feedback, suggestions, or questions are welcome and can be directed to:

Dana Chapman
Office Manager - Board Secretary
dchapman@mt.gov
406-444-0002


MONTANA BOARD OF INVESTMENTS | MONTANA DEPARTMENT OF COMMERCE
2401 COLONIAL DR, 3RD FLOOR | PO BOX 200126 | HELENA, MT 59620-0126 | P: 406-444-0001 | F: 406-449-6579 | TDD: 406-841-2702

 

CONTACT BOI

        Dana Chapman
        Office Manager
        dchapman@mt.gov

        David Ewer
        Executive Director
        dewer@mt.gov