Show 1 I I I 1 I i I I MO MORONI LAX ON SINKING fUNDS Auditors Find Treasurers Treasurer's s I Accounts Jumbled Proper provision has not been made by the city of Moroni for sinking fund purposes to meet the bond Issue of the city according to the special audit of or the books and records of the city for the period January 1 I 1922 to December 31 31 1923 made by Swan Worsley Forman certified public accoUnt arts of Salt SaIt Lake and filed with ith th the state auditor Friday There has been deposited in the sinking fund says sas the audit which with the Interest thereon was 94 However Howe 2550 was lIs taken to pay ay on the street paving payIng pay pay- ing and culverts leaving a balance of This sum was transferred transferred transferred trans trans- to the general fund during January 1924 and 1025 was as re- re deposited In the tho sinking fund rund In accordance with the provisions of or orthe the refunding bonds The old bonds were vere refunded during 1923 and the new bonds mature June 1 1943 The refunding bonds require the tIle deposit of 1025 annually in the sinking fund While th the city recorders recorder's records were found in good condition sa says s 's the report the tho records of or the city treasurer were ero found In a a. very un unsatIsfactory unsatisfactory unsatisfactory un- un satisfactory condition The bank statements of September October November ard December 1922 August 1923 together with the cancelled cancelled cancelled can can- celled warrants were missing and could not be found The bond nd coupons were found In in-a in a pile of ot old envelopes The city auditor drew warrants In Jn payment or at claims against the city These warrants were vere turned over to the treasurer who dr drew w a check for each warrant but no notation was mado made on the warrant us as to the date or number of the check nor was the warrant cancelled Jed and filed Many of the warrants are also missing from the treasurers treasurer's records The treasurers treasurer's records of the special Im improvement assessments and collections ard erA the tho Interest computations were In a aver very ver Unsatisfactory unsatisfactory un un- satisfactory condition The city should try to effect a settlement as aa soon a an as possible and redeem the outstanding warrants which were due duo November 20 O 1921 In tn the amount mount of with accrued In Interest interest interest in- in terest to December 31 33 1923 of ot 1 1361 We recommend Installation of ot a new sot set of or It ir records In the treasurers treasurer's office Tl Tle report also that thai the Bank Dank of ot Moroni be required to pay dally daily balances for 1920 and anil 21 and aid that the city treasurer and auditor be 0 required to file e all city records record 1 in t th the vault at tf the cf city hall and keep them at their places place of residence or employment The total of outstanding bonds Is |