| Show SP AUDITORS AUDITOR'S REPORT II I Fi Finds lIels Mummy Many IIII j in ill II Connection I tion 1111 With HII Hl BI Big Bonel I II J J. J William F- F muns special p auditor I JIO was employed by lJ time tile council for Cor to tu audit time Hie accounts of oC time the nil nill- doliar II ever ow 01 bond hond is- is lu me ct Jill lam t April Completed his ro- ro orl find i l It 11 to 10 o Vv tV I tiGht Mont t l 01 inc laL lasI It a I Is Iii voluminous inh nut hut li lii litho tho the summary r n n n typewritten el he tie administration t a gives Riven 8 1 time the a the tho from start to lo finish for manner hi In which tin tilt bond funds un were viero ro handled He lie finds scores st ot or clerical or- or revs rois which make malte gl glaring discrepancies and while l' ho lie does loc not char charge e any ono one tim lit particular with the Irregularities Irn he lie helas hela's lays las the time blame blamo for or the tho bungle at the thedoor thedoor thedoor door of those who handled time llio funds for confusing ln the time accounts that should have b boon t n charged to one account were charged to tu another and he lie brings time the out of time tho Investigation h conclusion that tI the time whole affair was misunderstanding of the time situa situation situation situ situ- due lIue to lo a a. tion a Mr Edmunds has Imas spoilt spent weeks wee going over the records In the tho auditors auditor's treasurers treasurer's treasurers treasurer's treasurers treasurer's treas treas- and he ho and anel engineers engineer's offices recommends that the time city cHy auditor be Instructed to make certain transfers that thit win will unravel the tho complication and place e the handling of ur the time funds un on a simpler basis I in Iii Interest 1 Interest funds on deposit January 1 1 1100 paid by banks and 1 by b the United Slates States Mortgage Trust company con amounted to Of this amount turned over by hy Fisher hel Harris Harris Har liar 2515 was ris former treasurer as Interest on bonds No Interest Is row now being re re- re The Time holding cOmpany paid palt 2222 a as accrued interest est on is 0 bonds of July 14 U. 1905 19 The Thc special auditor should have been finds that the time Interest making a n discrepancy of accrued In Interest interest Inter inter- ter- ter Time The four percent t 55 est st which the United States Stales Mortgage Trust company should have paid on worth o of bonds from October 1 I to 0 December 5 5 1905 19 was but butth th time the city received a difference special auditor reports of 01 28 Tho 11 that the city has frequently asked why the company arrived at this calculation clula- clula tion but no answer has been received ton The lut warrants Issued on Oi account o of the time bond fund funel up to December 31 11 1905 19 amounted to There is a n discrepancy In the time waterworks waterworks waterworks water water- works storehouse accounts This has boa hD existed since January 1 I H 1901 I. I The rime city auditors auditor's records records' I show that the fund should be C while th tho waterworks waterworks water cater works superintend superintendents superintendent's en Ls L's records show only on Iy a difference of or IGI 1 which has hns never been accounted forThe for The rhe engineering department In tn 1901 11 and 1905 which came caine under the Morris administration 10 Is I charged char c with wih larl Ues Special engineers engineers' payrolls were vere ch charge to Utah lal lako o Improve Improve- ments Some Home Utah lake lako expenses were charged to the time bond fund where they thoy do elo not belong belong- on Je There arc are no time sheets for fOI ir 01 and it is Impossible to check up UI uptime the time accounts oo i o. o Time Thc Big Dig Cottonwood Coton conduit takes lakes a n to Dc- Dc large of the time report Up 31 1 H 5 was spent on the conduit rho Tho engineering expenses up UI to lo the end of lust last year were vere or 2871 2231 per cent of or the lie amount of contract contract con con- tract work done elone Mr Ir Edmunds says the time usual amount of or on engineering expenses ox- ox Is four Cour per cent cent Four per cent centon on worth of work would be he G or 1 less loss than was vas paid The rho engineering charges up to Decem Decem- ber bor ler 31 1 IM I'M were vere Ij per her lIeI cent O Ul or LI me time to total to- to lUta lU- lU ta tab tal amount of work contracted for or which was vas up to lo that time 87 On a four per cent basis bats the engineering engineer engineer- ing expenses expanses should h have ve boon hoen i 47 To complete time the contract ct at ut the rate they timer wore were going up UT to time the end Of or last year car the tho total cost o of tho timo engineering expenses lw would woul have havo been boon OL Ot The rIme amount of or work lone done on tho the conduit from January I 1 1900 was The Tue cost of en engineering was Tho auditor goes goos through the tho special payroll like a strenuous muckraker muck muck- ratter raker after a parcel of packers ers lie He not have boon boen Im Improperly Improperly Im- Im says thc tho th funds un K may 11 properly spent but the they have been boon charged to lo wrong accounts In connection with the tho water bond Issue and the city's difficulty In obtaining ob ob- ob- ob taming water rights ho he me lads finds mummy many man an Interesting mor morsel 1 for or time tho past administration admin admin- of oC Democrats to munch I Lo Local ItC- ItC e gal cal and amid special engineering services gl amounted to 6 I F. F S. S S Richards as special counsel for Cor time the elt city In lit 11 obtain obtain- In lug ing tho the city's water rights was paid patel W for or legal lelal services and expenses for a trip to New York Later ho lie was paid 0 for a n. trip to Now York am and the special auditor Insinuates that it I I Iwas was t time tho IC same trip trill Included In lii the tue first I bill 1111 bi Dr Gorge George E E. plaIntiff determine the time validity validity valid valid- In time the test case ease to valc- valc ity of the tho bonds before time the Mutual Life 1410 Insurance company would take thorn them wa was paid tO for attacking the time cl city On January 1 I 1000 lW deducting all cli ni time the contracts let lot and amid time the money mooney paid haiti out there was available In time the sewer am and water sater bond bon fund H j 51 st On July Juh 1 I lS there thre was S 59 W In this fund some of or which Is contracted for Thu The special auditor predicts that on December Decem Decem- her ber 31 l there will wi bo he 1000 In tn this fund He lie Bh that Salt Sai Lako City Cit has lost los aloud money moner U by selling tIme the sewer an and water ater bond Issue before time the necessity arose nrose for Cor creating time the fund The Tho amount o of unnecessary Interest lost according to his hiI calculation l is h lS 3 up to Jul July 1 1 1 3 Time Tho he report Is duo due to a n resolution 1 bj by Councilman Mulvey and it i Is ts a n bold arraignment of or the time Morris ton who wio by h this report seem to have lon been as 38 a adopt eIlt at Limo tho bungling cm garni as n their successors s successors the reform crowd |
