Show AUDITOR M MAK REPORT UN ON tEHI LEHI S 'S i Recommends That Vc V ous Funds Be Kept S Se arate arat on Books ook J Handling of ot the cash ae acot ot both at the beginning and cl close clOs r the audit period were very very ery u un 1 factory Is the statement ent Of C CWright Wright special auditor r who just completed an audit o 0 of books and records of Lehi eM I C which was filed with the state stat al ai tor Saturday Continuing Wright says It has been practise in the past to run streets and special funds as one account The lawis provides that the fu must be handled and kept I so that the taxes levied for alE alt purpose cannot be bo used any other purpose than that which they were assessed Fu ju assessed for the perpetual of the cemetery have been Treen han hanc as a part of the or general fund and should belk bek as seI separate arat funds Interest funds have been operated as all alj of ot the bond sinking fund We Weir that this practise b be continued and that separate fund set up and a separate levy each year for Interest on bonded The sinking fu should not be operated In other funds but should be heidi tact and their balances sh res resent nt either cash on deposit securities maturing at such time Ume to meet the bonds as they matin The audit covers the January 1 I 1922 to December 1923 1 OVERDRAFTS CREATED The auditor continues DUe liue the practises In handling of ot funds in the past large have to several ofil fu funds funds' d and large balance accrued others In order that abe a- a be kept In an accurate manner 1 funds have been debited thus eral oral cash fund streets fund 1839 1839 electric light ca ica ca and city hall and memo building while the wat works cash fund has bas been credi with While the wat works sinking and general sink funds show balances of ot actually l n no respectively funds I set aside there with exception of on savings th the bank bark to tak take care the bonds when they become dUe dOe the other city tu funds ds have dr dra dra- upon these thee funds and When the taxes for 1923 are are there should be in or the funds should have hare be tired 70 per cent of the original bo be O Issues of W The bonded indebtedness of I 1 city is in four tour bond issues aggi gating and the action the administration in retiring l of the city's bonds is is- is commanded The special l audit emphasizes s the tha fact that The The sin ing ing- fund should be represent either by cash or securities J 1 points out that the floating Ind indel 1 edness is exceedingly large andU every effort should be made to toll f tire Ure this in the future 10 RECORDS APPROVED J The records of the fice cee were afO found iti in g good a the special auditor r makes k tale rain I suggestions regarding the reco reco and this applies to the recorders recorder's I Ice flee W I The records of ot the department are areS In m the J the special auditor inadequate properly handle all the informal desired and required for forthe the ment Every cent that We We co find says the special audit record for which the superintend should account for in the years ears was 6 while there M w turned into the treasury which goes to show that all aU accounts are not of record that the present accounts acc are ina quate Jt Xo No record of dog taxes able except the receipts turned The capital assets of the tha shown to be including the curr assets while the Hail tees both bond and currenti The assessors assessor's valuation the city for tax account is and and- the corporate property val valtion tion a total of The total tax rate for 1923 was wasil mills il 03 and rl i the the i tax total ia moneys taxes asses assel recci I and the balance due |