The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-04-07
FINDS SHORTAGE
N SCHOOL III. D D FUND |. N |: !.
IEualJ 3 - -,--- Vbla!to tPG
MTcssrs. Boudar and Sons Report
at Meeting Of County School
Board Yesterday.
BONDING COMPANY MUST PAY
Expert Accountants Say They
Would Have to Be RESPONSE
s bic for $6,964.o7.s ts5s@ 4l

At the meeting OF the school board OF
luton, oforod by Mr.. j. Stewart Bryan,
was adopted which requests the imnc-
diatc payment OF 5000 to the county
treasurer Mr.. II C. Hecher, by Mr..
w. C. Todd, the administrator Of thee cs-
tate Of late Treasurer Walter J. Todd
The resolution, which was the most I'M
pryo,rtaiit transaction Of tho Board yestcr-
day reads as follows:
"Whcreas, w. C. Todd, administrator
of w. j. Todd. deceased. holds for the
credit Of the school fund of Henrlco
county, a sum Of money approx!nlating
$ll.uDO; and
Whereas, there is urgent need for
funds for meeting current school cx-
pcnscs of 4Henrico county; now, therefore,
be it
..Resolvcd, That the said w. C. Todd,
administrator. be and hereby is requested
to pay at once II. G. Hccher, treasurer
Of frenrico county. the sum OF $500 for
account Of tho county school board Of Hen
rico county and take therefor the receipt
Of said Fl. c.. Hcchler treasurer"
Hear Mr.. Boudar's Report.
Previous to the adoption of the resou-
Y +.
the report Of expert accountants II. Is.
Bo,,dar ana Son, who had examined the
Todd matter closely and knew tho condi-
tlon Of the school fund of tho county. The
firm was represented by Mr. Thomas a..
Bolltlar, junior member, who read the re-
port. j
The examination covered theE, entries
from October J. 1908, to the tilno Of Mr.
trodd's DEATH and shows that during the
in bo ri
urer fe had kept his accounts correctly
and balanced to "a penny.
On April I, 1906, say the Mcssrs. Bondar
there was die to the school fund OF the
county sls.536.33, he total shortage Of
the entire county being at that time
sci, %%5435.
Under pro rata distribution Of the
funds in hand between State, county and
schools, say the accountants, the schools
would receive $11,571.S6 Of the whole
amount Of the shortage. leaving balance
on the shortage In the school fund of
5s6,96l,97 to come from the bonding conf
pany.
During tho reading OF tho report. Mr..
Bryan ASKED the accountant. Mr.. Boudar
II the county would lose SO much rs 4
dollar.
mo- replied Mr.. Boudar. though the
bonding company would suffer- q
Messrs. Boudar Report.
The report Is given in full, ms follows
"ro tho School Board OF IIenrico
County. es9
5"Centiemcn:--Wc have examined the
books and records In the treasllrers
l Office and respectfully submit the re-
suit OF such examination covering
tho period from October l., 1909 to
March o. 1906, as to tho various funds
under the control or your board.
#gtDuring the first year, from October
4 1903 to October !, 1901 the school
fund was properly accounted for, tm ,h
treasurer having In bank to his credit
rs treasurer sufficient 70 cover ING
BALANCES ms shown by his books and
rcnorts 10 be due tho county for MI
I've call your attention to schedule q
y. showing the errors and omissions
nfrecting the treasurcr's rcport or
March o. 1905 70 The amount W
s3l49.43.
9"Scbedule G shows tho correct stand
ING az tho various school funds rs OF
snjd date, after tho proper corrections
pre made. These balances aggregate
tho sun, Of slS,53633
son Aprl, 3. 1905, We submitted \
renort 10 Tho Board of Supervisors OF 4
jInnrlco county, showing the condition
Of tho office of the treasurer, Including
al funds collected by him Tor state,
county and schools as loWpWS'
balance due schools s,13o %
balance due county
levy, etr..i,.,,',.,'.,4ai' yso e. g,
i'a'a,'eN ~--------- SGT ,ci2 or
o,sI, In ham, ana yault.,,,.. i2,l229 %
Deficit IN cash TO meet apoSe y ooo !.
balances ..;..,.,.,,'..,..t,,;;,.,,'E'' o' 70
interest collected on special
siHepo,r,' 1851 y
q
roul deficl, In cns....,.. sa,5i 30
M. shows that The late treasurer
yns In default 10 the above sum 81
1 ~, ~ ison ''n,d IL Wjll uptVSSitatG pro