Show REPORT ON ciuffi InAnc Sal condition of grand county Is thoroughly reviewed r few suggestions offered in a voluminous report to the ard of county commissioners ree toe alved this week the lincoln G kelly mcany certified public account ants iff discuss in considerable detail a financial condition of grand anty the company recently com eted an audit of the books of the anty lunty covering the period from july 1922 to november 14 1923 the report contain contains a balance heet beet showing the financial condition 1 the county ai as of november 14 im on the method of keeps accounts the auditor auditors state that he e accounting systems in iota in the berks and treasurer mrs offices are in de quate and incomplete and ug sug est st that an improved system be opted without delay the report arther states that the disbursements ring the period audited were not ally lly supported by itemized state ants and receipted vouchers and inice alces and suggests that more at bention be given to this matter in the e future the bonded indebtedness Indebted nese of the county anty is shown to be and the e report comment comments favorably on zhe e fact that all interest Us has been 4 promptly paid during the year idge bond bonds to talling were deemed deemed and canceled and on no vember aber 14 there remained a balance in the bond interest fund of IS 13 the ie statutory provisions requiring i the e creation of a sinking fund und to meet beet the requirements of bond ond is 1 sues es have been fully complied with the e report states the cash received during the per iod 1 covered by blaho tho audit wits n erly ly accounted for the auditors found und the balance sheet shows the cash on i hand non november ember 14 including bank deposits posits to have been 04 other assets are given as follows accounts conets receivable to be paid genal eral fund by other funds when taxes are e received five sixths of estimated revenue from 1923 2600 undistributed tax sale re dempt options ions total current assets acts under the head ing g deferred awta is alsted the sum of of county fund funds on ile posit in the moab state bank denet funch the auditors estimate the amount eventually to be realized rom om the bank at making he e total assets discus ing ig the funds in the moab state ank the report calls attention to the act ct that the county has obtained a dament on the treasurers rees surety ond nd in the sum of the case as is been appealed by the surety commy pany if the judgment is sustained the e county will be paid b by y the e surety company and will assign yet er to the company of lof the funds ads on deposit reducing the coun tys s deposit to based on an estimate that the bank will pay div ends of 50 60 per cent to its depos igors rs the loss the county wll will sustain rough through the bank will amount to 1722 50 the balance sheet gives the couns aya liabilities as follows notes out anding standing and accrued interest 11 1130 30 1 outstanding warrants other her accrued seemed expenses due ie other taxing funds distributed rece receipts apts AI general fund deficit total 90 discussing the liabilities the re port rt states that the county has two talt anticipation notes outstanding aggregating with accrued interest of and due december st I 1 regarding the item of 1853 94 which aich is listed as due other funds tle ie report states that this sum rep senu ments all unpaid balances from col chions of the county treasurer tor for the ie account of the various taxing bonds ands a large part of this being due the ie acate some of the amount cov en rs balances collected from the 1920 1020 IY the delay in payment being due to the fact that the funds have been considered as a portion of the bal anes nee in the moab state bank the report points out however that the county is liable for these amounts to the various taxing funds regard less ss of the recoveries from the bank fixed asset assets of the county are listed sted at and these include tha ie court house jails and furniture hd d fixtures the report states that the july 1 22 balance of cash on band hand alpar UT exceeded the ha aggregate fund lances on the books at aid said date 76 this thu long balance bat ll 11 cc is at ti tri tributes buted to operation operations prior to the period under review the auditor auditors stating that they did not feel justified in going further bacic back in order to check the matter up the tax record records according to the report reports indicate the total taxes levied for general county purposes for 1923 will bring in the following amount amounts general fund levy 11 deficiency levy IS 10 total lees less 10 per cent estimated as taxes 1667 11 leaving a net balance for the operation ap of the county business alg of |