The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-08-12
AUDITORS REPORT.

10 the lOUOTHDIc DoaIu " "o1S
Of the Commission Council, fo'
the City Of New Iberia, New lbe
ria. Louisiana.
Gentlemen:
In accordance with instructions
received from your Honorable Body
and from the Advisory Committee OF
Citizens, have made an audit OF
the books and records for the City
of New Iberia, and herewith beg u
submit my report.
The period covered by this exam
nation begins January 1st. l9lNant
ends June 9th. 1921. !,
In order to establish the cash bal.
ances during the administration OF
Trustees j. p. Suberbielle and A
A. Girard distinctively, | divided my
cash account in two periods between
the following dates-January 1st
1916 to June 18th, 1917, which pc
Rod was under the administration
of Trustee J. p. Suberbielle and the
period between the date June 10th
1917. to June q, 1921, being under
the administration Of Trustee A. A
Girard.
The cash account was divided into
the foregoing two periods on my
rough draft only and for the pur-
poses of the finished report as sub
mitted herewith, no distinction Is
made between the administration OF
Mr.. J. p. Suberbielle and Mr.. A. A.
Girard.
The minutes show that the City
was under the administration of the
following officers during the period
covered by my examination.
Period January I. 1916 to June
Is, 1917
II. s. Sealy, Mayor.
J. p. Suberbielle, Trustee of Finance
l.. F. Villermin. Trustee of Public
Property.
Period June 10. 19l7to June
q, 1921
II. S. Sealy, Mayor.
A. A. Girard, Trustee OF Finance,
L. +. Villermin, Trustee Of Public
Property.
Exhibit No. l
GENERAL FUND
This statement presents the re-
suits Of operation in the General
Fund for the period under review.
In order to show the conditions
existing, it was found necessary to
divide the balance sheet into three
parts in manner similar to a bal
ance sheet for business enterprise.
The affairs of city are usually con-
Quoted simply on basis Of cash
receipts and disbursements, but IN
this case that cannot be done. rs in
addition to the cash receipts and dis
bursements, numerous loans and
transactions were entered into be-
tween the General Fund and that for
the Light, Power & Water Plant and
the various. special or sacred funds.
On page / Of this Exhibit is a
statement of expenses and revenues,
which shows that the General Fund
expenses exceeded the revenues by
an amount Of $17,347.95.
On page two is statment OF the
assets acquired from operations a
mounting to $51,79S.46. On this
statement il shown as an asset all
indebtedness paid for the period
prior to January /, 1916. These
items are treated as an asset. for
the reason that there was no balance
sheet as Of date January l, 1916, on
which these items would have ap-
peared as liability. The amount Of
Sic, 060.14 appearing in the assets as
due by the Light, Power & Water
Plant Fund. is the excess of dis
bursements over the receipts for the
Light, Power & Water Plant Fund
during the time the funds were con-
solidated.
On page three Of Exhibit No. / is
a statement Of all Of the liabilities
for the General Fund amounting to
500. 146.41.
Exhibit No. 2
LIGHT. POWER & WATER PLANT
FUND.
The result of operations for the
Light, Power & Water Plant Fund
are handled in the same manner as
those for the General Fund descrih~
ed above.
On page / Of this Exhibit Is a
statement showing in totals the ex-
TESS of expenses over revenues for
the period under review, amounting
10 $46.6SS.35.
On page is shown a statement
IF assets acquired during this period
and the amount is $l6,S84.41. It
must be explained that these assets
IRE acquired out of the revenues
rom the plant or from the amount
rs indebtedness by the
plant, and In no instance covers any
lssets acquired from Bond Issues or
Certificates Of Indebtedness.
On page IL ! statement showing
he liabilities Of the Plant on June