Show TOR REPORTS SCHOOL RECORDS IN GOOD GOAD CONDITION Clerk Criticises Expending mg I Fund Commends Superintendent As Ef Effect fee fee- t and Economical Says Clerk Has lIas Done Well aking his report of oC the audit I lie lie he has just recently com com- of the accounts of oC th the Sanpete School District to ool board boards Mr R R. R R. R Carey Carev t tant nt and auditor of Provo that the tine accounts have hae been If accurately IY kept b by Clerk Al- Al 1 ni sl the handicap under e has been en working ande an and t e superintendents superintendent's office has ha efficiently He Hed d d some som of or the systems in in I J 1 JW W dd recommended changes p parI par pax did he criticise the board I I maintaining a full sinking I Il following summarization of l I Ifert art r accompanied a d detailed of the items covered fAL e j s L BALANCE S SHEET i Operating Fund 1305 I t Is was the cash balance on one onne e ne 30 1923 with checks checks' r ling ng to reduce this sum to I II I I tiTS TS RECEIVABLE ABLE 2 3 B was VI aa the balance due from fromy my y treasurer from taxes tax taxes taxes' I Ilas Jias tax las since beon paid The I treasurer was comm commended promptness in turning over G a ds as they were collected I TORY OR Y Text Books and andI I SO This is thed th the thed I d d of text books bookson pp on plies Ues on hand June 30 lr a more care- care J it tory of books and supplies s sl l separately by the schools sm IlY r priced this inventory lade ade a permanent record S n PAYABLE represents an amount bor- bor Y by Mr 11 Reid to toU o U j tand and install the Jockey ia iri l 1 h f i HIgh School j the board provide for the thet t t this Iris liability y because it y 1 I I Core ore cheaply done that way ore 1 I I OUTSTANDING Pol 0 Amount Rate Due Due I Taint haim 5 1925 19 5 5 Ti on page 4 1 i I PI I D AUDITORS REPORT Continued from Crom page ono 1905 ManU Manti 6 1925 1 1910 I 10 MantI Mantl 6 G 1931 1930 1911 Sterling 1260 00 5 1926 1909 Gunnison 5 1929 1911 Fayette 5 1931 1031 1921 South Sanpete 5 1941 1911 Accrued Interest Juno 30 1923 on these theae bonds Manti ManU bonds will fall Call 1110 d duo 1926 1925 and Sterling bonds 1926 SINKING FUND IN INVESTMENT of the tho sinkIn sinking sinking sink sink- ing In- fund rund has been heen appropriated lu iu prior and current years rears to operatIng operating ing and building expenses This I is contrary c to Statutes I and must be bs condemned The law la- provides that an annual appropriation 1 tion lion of 2 of oC the time outstanding bond bonded cd ed be ho made and that I I funds must be he kept intact to tor toJ J r retire lire the outstanding bonds aa as tite they become due clue Provisions I be bo made at tho earliest st t moment mo m.- ment nt nt to reimburse this fund The b lance balance 15 has hag been properly proper proper- 1 ly invested in a first class mortgage mortgager r n d rd a note s I INVEST INVESTMENT tENT IN FIXED ASSETS It H was 21 very vary difficult to arrive arrhe at ata a fair rail value of oC oft the time fixed assets of the District Recommended the tho appointment of a committee to ap- ap hi aira ll- ll the tho value of or the buildings pes ses es and equipment and their report report report re re- re- re port be made a permanent record STATEMENT TEI OF REVENUE AND EXPENDITURES These statements statements statements state state- ments were found to be bo correct and sa satisfactory ANALYSIS OF TRANSPORTATION COSTS It was his opinion that tho the charges for gasoline labor tires and parts aro are d decidedly high and called callec att attention to one ono voucher for Cor gasoline where th there rc was an nn apparent apparent ent overcharge o and aul a another for labor la- la la labor n. n bor which to be a double charge charse Called attention to the tho wide variation in the cost of certain sizes of oC tires Recommended a careful consideration of all nil invoices rendered and that the clerk carefully carefully care fully audit them dent before payment GENERAL GENERA IJ COMMENTS COl Recommended installing an efficIent efficient efficient effic effic- and systematic method of keep fag ing books hooks A ledger should be provided provided pro pro- I vided and so divided that all assets assets as as- sets and addition there to to both hoth fix fu- fusel fixed ed sel and current would be bo properly I recorded Operating Operating- costs should be he kept by hy schools and I lion and other expenditures prop properly proper proper- rh r- r ly h recorded His Isis opinion is that a clerk should be he employed d for Cor full time to assist In the tho financial administration administration administration ad ad- ministration of or tho the district All monies should be turned in to the clerk cleric properly receipted ami and deposited deposited deposited depos depos- to to tho the credit of or th-a th treasurer I Mr Jr TheM Reid says that this system isnow Is s Isnow I now being followed The responsibility responsibility of or all claims and cud aid aidin aiding I in ing in ill the distribution of oC supplies sJ plies i should bo ho placed on the tho clerk clerIc The expenditures of the tho district exceeded the revenue revenue for the tho year rear yearby yearby by hr This was used mostly mostly most most- ly y in the purchase of etc I 1 for for- forthe the various schools Before the close of 1923 the board hoard paged off of or the tho Manti bonds To do this they borrowed bor- bor rowed v the mone money against th the ta tae e eor of or 1923 and now collected l Nr Mr Reids Reid's report He Ile did check the propriety QC of the various building charges chares bo he cause these operations mostly cov cov- ered cred the period before that under review i IlIe He lIe found found oun Mr 11 Allreds Allred's work to tobo to ho bo Quito quite accurate considering the tho handicap under which ho the Is working work work- work 1 I ing and the tIta superintendents superintendent's office of of- of- of fico fice to be bo very efficiently and econ ceon economically handled I I |