Evening journal., 1916-06-19

1918 and April 3, 1916 on checking up
with the bank
Bad Bookkeeping.
Interest on the account is added TO il
monthly by the bank and so reported in
the statement rendered monthly to the
board but it is not then entered up reg
ularly in the latter's books In fact in
one instance find FIVE months interest
entered up at once This is not good
bookkeeping
No Deficit Shown.
During the fiscal year beginning July
l, 1914 and ending june 80. 1915, Coun-
ell paid over to the city treasurer for the
account of the Board of Education S275,-
375.6S, while the State turned over TO
the Farmers Bank of Wilmington to the
credit of the board Sl4,549 The fact
that these were the correct amounts was
verified by reference TO the Ordinances
of Council appropratng the same and a
letter from the State treasurer in con
iirmation. These amounts, together with
that received from other sources make
the total receipts covering that period
$500, ,l0l.04, while the disbursements
amount to S3l5.427l2, leaving a balance
of s. ,095.35 with which ia begin the
following year after allowing for the
cash already on hand at the beginning Of
this year
This Years Funds.
During the next fiscal year beginning
July /, 1915, up To April 3, last, the day
on which this examination started, the
Board had received from Council S2l0,
097 20 for current school expenses, which
together with the three remaining in.
stalments, two Of which have already
been received and 5000 on account OF
the June instalment. will equal the tota
sum appropriated by Council for that
purpose. The Board has already receiv
ed $4,000 for new schools. etc, anC
verifications of these appropriations wer'
obtained from the records of Council.
The school fund dividend of S37 800 l.
be and so received from the, state las
October was checked up by the Stat
/ Treasurer's letter.
The amount received from the sale o
the 1916 issue of bonds aggregating ten
lots of $4,000 each was proved iron
the correspondence with the purchasers
Big Building Fund Balance.
Proceed from the sale of $1,000 o
Glass G bonds at par and from othe
sources bring the receipts up to S43ji
599.37 while the disbursements durin
the same period equal 1888 ,359.O3, leavin
a balance of Sl5933569 on April last
being Sl49, ,i3l.7s for the Building Fun
and S9,903.9l for the current fund. Thi
balance, of course, includes that on han
at the beginning OF the year.
Disbursements.
Inspected the majority of the prir
cipals monthly reports made since SCI
tember l, 1914. and signed by theI
checked up the names of the teacher
mentioned therein with the list shown
assignment of teachers and saw that III
salaries paid and the per cent. to 60
the contingent fund agreed with the SCI
3 retary's list for the same Then yer
fed the amount of the monthly paymel
; to each principal, teacher, and subst
tute for several months and that th
amount in each case was entered pro
{ erly on the payroll sheets as to the pr
portion of it TO go to the continge
. | fund and teacher respectively. Also pro
ed the amount paid the officers, janitO
: and lunch department employees as shOy
on these payrolls. Compared the chec
!, for all disbursements, including tho
u for bills paid, for the month of Octob
> and November. 1914, April 1915, al
o from July 1, 1915, to April 3, 1915, wi
the entries on these pay roll sheets al
found the amounts all to agree with ol
n small exception, which later was adjus
r ed. Examined many of the bills compa
S ing the amounts with the correspondm
;, entries Then added the disbursemel
r columns for the period above mentions
; and found the same correct
- w. H. S. Engineers Salary.
e In looking over the disbursements fiji
- that the engineer of the High Scho
8 receives salary of $500. His duti
8 comprise taking care of the High Scho,
5, looking after all the ianitors, and hea
# ing plants and repairs TO the latter.