Show FINANCIAL AUDIT REVEALS GROWTH IN STUDENT FUNDS Finds Records of A. A S. S U. U U. U and Student Body Activities in Good Condition Con Con- System of Keeping Records Commended Stricter Adherence Adherence Adherence ence to ttO V Voucher System Urged A growth of from 46 to in receipts and of 63 to tu in disbursements was shown in the audit of the A. A S. S U. U U U. U and student activity books completed completed completed com com- May 2 25 by S S. S D. D instructor in accounting Disbursements Disbursements Disbursements Disburse Disburse- ments for the present school year have not been made thus accounting accounting accounting account account- ing for the apparently large surplus at present in the treasury A summary of cash receipts and disbursements for 25 1924 is is as follows follows follows fol fol- lows Balance Receipts I Disbursements 63 On Hand land The audit covered receipts numbered number number- ed from to 1930 while the vouchers vouch vouch- I ers or disbursements numbered from fromI I 1707 to i The books were found by Mr Ras Ras- musson to be in good condition and kept in an efficient manner Receipts I were all accounted for and as shown I by the figures a healthy balance is left for emergencies From a purely purely purely pure pure- ly professional viewpoint Mr Ras Ras- musson recommended a change in inthe inthe inthe the method of handling football re receipts receipts receipts re- re taken in at Cummings' Cummings field Officials in charge believe the present system to be thoroughly sound and at the same time better suited to the conditions The letter of transmittal follows Mr Melvin Mclvin Freebairn President Associated Students U U. U of U U. U Dear Sir I am submitting herewith the re report report report re- re port of my audit of the books of the I As Associated Students of the University University I sity of Utah and I have the following following following follow follow- ing comments to make I have examined the books of record record rec rec- ord and also verified the receipts vouchers and and find that they correspond correspond correspond cor cor- respond with th the condition as reflected reflected re re- in the books There are arc a few vouchers that have apparently gone through without heing being be he- ing properly authorized in writing These vouchers are arc are undoubtedly properly drawn nevertheless greater protection to those concerned is erf elt when the rule ruTe that every voucher be he properly authorized in writing be e followed to the letterI letter I 1 would recommend that all re receipts receipts receipts re- re of money be deposited in the bank and that no money be disbursed disbursed dis dis- except through the official charged with that responsibility This rule seems to be violated in some instances for example when office box-office receipts from athletic games are partially disbursed before they are brought t to the office Unless practical difficulties prevent this money being disbursed in the usual J manner I think a more thorough y- y check on these disbursements c could be obtained in the manner suggested The audit could be made in greater great great- er detail and with less expense if it it r were made annually l In general the books for the period per per- y iod under review have been kept m in man n an efficient manner and it is plainly plain plain- ly evident that the system has been improved from year to year and J adapted to the needs for more complete com corn information Very respectfully submitted I i S. S D. D c |