Montana Board of Investments
BOI projected rates as of

Fiscal Note Investment Earnings Calculator

Estimate STIP or TFIP earnings for a fiscal note using the Board of Investments projected rates. Enter the fund balance and expected flows. Copy the table and assumption text into your fiscal note.

Fund

Fund type
Check the SABHRS fund type that holds the invested balance. General Fund and State Special Revenue always appear in the TV box; other fund types appear when checked.
Investment pool
Use STIP if you expect the fund to lose principal in the first five years.Use TFIP if you expect the fund to hold its principal for at least five years.
Rates are fiscal year average yield projections from the Board of Investments and cannot be changed in this tool.

Balance and flows

Enter the change in the invested balance caused by the bill. Enter the full balance only if the bill creates the fund.
YearRevenue inSpending out
Enter the change from current law. Use a minus sign or parentheses for reductions.
How the math works
  • Revenue and spending are assumed to occur evenly through each fiscal year.
  • Average balance equals the beginning balance plus half of the net flow for the year.
  • Earnings equal the average balance times the BOI projected rate for that year.
  • If earnings stay in the fund, they are added to the ending balance and earn in later years.
  • Results are rounded to whole dollars, as fiscal notes require.

Results

First year earnings
$0
Four year total
$0

Fund detail

Fiscal summary (TV box)

Assumption text

Paste into the Assumptions section of the fiscal note. Edit as needed.