The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-09-30

Amount which should be
available Dor building
Sidewalks ............ S44 ,089 az
The money for this Fund is car
ried in a Special Bank Account.
EXHIBIT "D"-DuPERIER. IBE-
RIA < CENTER SITS, Paw
ING FUND. Pages 81 100.
The money for this Fund is car
ried in a special bank account and
all transactions are itemized on this
Exhibit.
CASH. GENERAL FUND, Page 50.
! The cash was reconciled and the
amount $l0,576.04 shown by the
books was found to be correct with
| one exception: The Check of II C..
Chol for $l04.07-plus protest fees
| $3.50 cqualing the debit memoran-
dun from the Peoples National
| Bank Of $l0757 was not verified.
This amount was reported in the
hands Of the City Attorney for col
| lection and is carried as cash item
| by Trustee j. y. BrouSsard. ! did
not verify the check. This check was
! given in payment of taxes and If
collection is not made before the tax
sale, then the amount should be
charged off and the property adver-
tised for sale
The Light, Power & Water Fund
Bank Balance Of $3ll.l5 shown on
| Pace Is agrees with the cash recon
element for this fund.
The cash in the bank accounts for
the Sidewalk Fund and Iberia, Du
pericr and Center Streets Funds
shown on Pages 90 to 102 was re-
concilcd and found to be correct.
BALANCING 1921 TAX ROLL
Page III to l19.
The 1921 Roll was balanced, and
the reconciIement was proven with
the exception of $14.69. This slight
discrepancy in the amount of the
roll and the amount collected may
have been due to an error IN the
roll. The only error between the tax
receipts and the entries III the books
equalcd $3.50 and Trustee Broussard
was holding the amount in the safe
as a cash item pending adjustment.
METHODS.
Trustee Broussard has installed n
; set of double entry books for both
the City and Light, Power & Water
! Plant. | found the books in balance
and entries covering transactions
were promptly and correctly made
! therein The work involved in keep
ing such books greatly exceeds what
is necessary to keep the record of
receipts and disbursements such as
! are commonly used in public offices.
| In view of the fact that the city IS
not operated on cash basis, the
double entry books are very much
more desirable and it is the only
method by which correct history
Of the financial affairs can be pre-
| pared As the records are now kept,
correct balance sheets can be pre-
pared at the close of each period. In
| view of the present financial condi-
+, ton Of the city, it is fortunate that
| the records are kept by the present
, correct and systematic method.
Respectfully submitted,
l.. c. MENUET, Auditor.
To the Hon. Board of Trustees:
| wish to call your attention to Mr..
Menuet's report of the last audit, to
| the paragraph where he says that
the expenditures Of the Incidental
Account shows an excess over the
budget IOr the lfSI SIN HhoiitHS vi
| 1922, in the amount of $249.03.
You will notice that he has charg-
ed Office Fixtures, which amounts
to $421 S5, to incidentals. This amount
| is charged Office Fixtures on the
books, and is budgeted as such in
our budget.
Therefore, instead Of the Inciden-
| tai Account showing an excess ex-
penditures, it shows credit balance
of $1S2.S2.
Respectfully submitted,