El Paso herald. (El Paso, Tex.) 1901-1931, 1912-07-17

the classification of accounts is con-
Guided in a subsidiary report.
In conclusion We desire to state
that we were, in the main, accorded
every possible facility necessary to
make a thorough and complete exam
nation
City Officials Thanked.
we wish to thank mayor Kelly and
alderman McGhee for the interest they
have displayed in placing information
at our disposal, and for the ready
acquiescence to all suggestions and
recommendations We also desire to
thank the various heads of depart
ments and their assistants for the
many cOurtesicS and material assist
ance rendered US during the course Of
the audit"
Comments which were offered in the
tabulated form al the beginning of the
report contained much reference mat
ter which referred specifically to the
balance sheets, and other forms which
followed
City Financial Condition Good.
''It is apparent that the municipality
from a financial standpoint is in an
excellent condition" was the first
comment Referring to the fund re-
ceipts and disbursements, the auditors
say; You VIII note that no transfers
were taken into cOnSidera ton. with the
result that a number of funds appear
as OVerdraWn. Following our SugGes-
ton, the city clerk and treasurer have
made necessary transfers to close all
OverdraWn funds into other funds hav-
ing credit balances, and have also
eliminated a number of revenue funds.
1t IS our opinion that all operating
accounts can be handled through the
following funds: General, special
contingent and waterworks
To Afford Perfect Control.
THE appropriation ledger will give
your financial officers perfect control
over the budget appropriation, that is
when they are supplied with a proper
monthly trial balance and a condensed
to each other Such balance sheet
viii currently furnish valuable in
formation to the administrator. for
they tell him at all times the amount
available in each appropriation. the re-
sources or means which are available
or Will be available to meet liabilities
demanding liquidation"
Summarizing the budget appropria-
tions, the following comment was made.
we are greatly in favor of a more
UNIFORM arrangement Of the items of
the annual appropriation ordinance,
and believe that the expenditure CLASH
ncauon should be of material assist
ance in effecting such an Improvement
should your honorable body see fit to
undertake Such change this year"
The WaterwOrls Inventory.
The waterworks department was
again referred TO in the comments
under the head of fixed propertfes
and equipment It reads; All items |
and values were furnished to US by
~ AA'N- III tS--NA14lL VI W4lGLMOEhS ana ]
beyond their clerical correctness. we |
are not able TO state whether values /
as shown, are accurate. 1t is known /
to You that the waterwOrks property /
was purchased for the sum of S927.- I
600, whereas the property was carried /
on the books of the International |
Water company at an amount con- /
slderaDly IN excess of that figure. The /
inventories as furnished by your su- /
perintendent have in some cases. ap- /
parently been established without due /
regard to depreciation and obsoles- /
cence. It is suggested that the next /
inventory be taken with care, and
that particular attention be paid to
cost values and depreciation It is
also suggested that the item 'orsani-
sation,' S4S.316,OO, be charged off"
Corporation Court Balance short
Under the heading OF cash depart
mental offices. the report said: All