Show r A JI j V YERED fn IN I 1 l AU AUDIT n ling Carried Cash Fund Re Re- Report of port JOrt Reveals ir iOU nn sensation was wa ap- ap Friday as 15 1 a IL rc- rc in tho s made n ft trio tKo board of ot education n Ich wo U received cd by the it We ll It report resort prepared b by L L. ie 4 Co disclosed that on 1 ot at o this this- year car three IOUs IOUi m wore ware being carried carded i iund In und fund o of the office pest t one for belonged eIT tr auditor for tor tho board lon Ion Tho The others oilier were f by 1 K and nd 10 lJ Or O King clerk clerk-a. tho J k association It at its offices office has or- or investigators 1 to go Jo Into ir with a Do view leW of 0 securing ot of tho 4 to determine if It tho a one The Tuo tax- tax fe It was wa Raid Id with tho tim school f t tako o for ioe g their budget fORa RS COMMENT lamenting tIng on tho lOUs bus tho f reported that no board tIon for or them was WUI va found Amended mended that tho practice td entirely W clerk of oC the tho board rI Fr- Med fIed tho tim auditors auditor's statement nt tf N were CO not authorized add- add there was DO o proper cx- cx Ki n for tOLe the the-fr existence absolutely tel contrary to our oure e sad for tor anyone to get M ir In lees excess of 0 nc mo-nc money al nl- nl lb Ho added that InI in I teases eau vo II been Kl d Klo o 0 o draw a n. portion of ot their advance of ot tho regular I- I Pugley's IOU moro than two o and a half lf salary Q 0 COM COMMENT MENT chairman of tim tho finance to committee committee- said ho comment to mako maho until after ird td officially lIy passes on the Continued d on page 2 n. n i r s I IOU 0 U PRACTICES PRACTICES UNCOVERED IN SCHOOL AUDIT Continued from page 1 audit report at a a. special meeting next Monday George F. F Wasson president of ot the board was out of ot the tho city The IOUs bUs were cleared up during tho the course coulie of oC audit the tho auditors pointing ou out that when the tho cash fund was wag again counted on Novem 12 berl it was found correct Tho The complete report on the c cash sh fund as aa as it lt appeared In the audit follows oi lows REPORT ON FUND Cash funds funds Clerks Clerks Clerk's officer officer- Cash funds In the the- custody of ot hc he clerks clerk's office were counted on October October Octo Octo- ber her 1 If 1 19 1929 9 representing the following following following fol fol- fol- fol lowing accounts current collections Cal col ol- ol X II 17 iso SO Book sales cash ash 4 1947 47 Cafeteria cash Clerks Clerk's petty cash fund 30 1029 R R. 0 OiT OT r C. C fund 10 1 D 9 S 9 R R. O. O T. T C. C Cund fund 5 JOO Total j i. 1 63 Cash and cash items on on hand Ic io to cover Cr the above o amounts consisted I of oC the following Currency silver silver- and small change 11 1 checks 1 30 1929 30 20 R. R O. O T. T C. C f fund nd r r Petty cash fund Geo King favor avor of ot A Albert 1 b crt f 1 Cafeteria J 1230 30 o Book Dook sales Current Collections Collections 2290 Balance clerks clerk's petty peth cash fund on deposit Walker Brothers Bankers Petty cash vouchers not reimbursed Time certificates of ot deposit In favor aVOl of ot board d of or educatIon education education edu edu- cation catIon- catIon George King clerk K n. O. O T. T O. O fund R. R 0 O. T. T C. C students ts' ts tsI I notes motes I IOUs bUs I A A. K Geo King l l 1000 OO Total All cash Items Hems Including t undo undo- posited checks and advances evidenced evidenced evi evi- by IOUs bus were cleared paid and accounted account d for or during the h he course of ot the tho audit and when cah cashon on hand was again counted on November November November No No- vember 1 12 It w was s found correct t Tha pett petty cash fund und was In- In crea creased c fro from i 1400 to b between be tween Juno June 30 and Sep Ember 30 1929 but It has Ijas Inco since been r reduced to GOO COO In our opinion the tho petty cash should bo ho maintained maintained- d- d dat at this latter figure hurl an and it should not be Increased unless unIes specifically authorized au au- by tho tim board for tor a a. p particular par par- r- r Wo We found n no board authorization for fo the thet advances ad ad- t vanc anc vances 8 made to employee yes during tho the year and nOd In our opinion the tho practice should be discontinued en Lu- Lu The balance In tho the l 1929 1928 S-H S R. R O. O T Ti T. C. C fund Juno J O 1929 1029 waS wag This ThIs' baJan balance e had b been en re reduced re- re d through refunds to students to at Jt time Ime of count on October October October Octo Octo- ber 1 1929 |