Western news and the Libby times. [volume] (Libby, Mont.) 1920-1933, 1929-10-03

To the November Receipts we have
added the cash on hand November 1st,
1928, as shown in our last report in
the amount of $272.57.
To the September 1929 Deposits we
have added the cash in the office as
shown in this report in the amount
of S25036, and also the two items
paid in cash aggregating the amount
Of $500.
The accumulation Of the shortage
as shown above is probably not ex-
actly correct as to dates as we have
no way of knowing the exact amount
of cash on hand on the first Of each
month but it probably is approximate
ly correct as Mr.. Olson seemingly car
ried from $4,000 to 100000 on hand
at all times.
A great many of the water receipts
were not legible and others such as
No. 6603, $3.50, $685. and $685. were
entirely blank For this reason we
were unable to arrive at the true
amount received from the receipts and
for the last three months, we used
the figures as set forth in the month
IY IGpQ1L VI LilG tGdSu1c 1 w lltS olLJ
Clerk. This report was sworn to by
the Treasurer as being correct and in
the absence of other figures which
would ordinarily be taken from the
receipts themselves, we accepted the
figures as shown On the reports as
being correct and entered same in
the cash book as the water receipts
for the various months. These figures
are $262.78 in excess of the figures
obtained by totalling the receipts that
could be read and this difference is
no doubt due to the blank receipts
and other items for which no receipt
was issued.
There was a shortage at the time
of our last examination in the amount
Of $112.74 and Mr.. Olson being Treas
urer at the time we have charged
this shortage up to him, it being a
part Of the shortage as set forth here
in. The year before, Mr.. Danforth
was Treasurer and at that time there
was a shortage. Whether or not Mr..
Danforth made good this shortage
we do not know but if he did not the
$112.74 shortage of year ago should
be paid by Mr.. Danforth and the
shortage of Mr.. Olson should be re-
duced by that amount.
We found several checks in the Of
flee that had been held by the Treas
urer for period of from 80 to go
days. This is not good business prac-
tice and checks must be deposited
promptly.
The Custodian's Receipt covering
securities of the First National Bank
of Whitefish has not been approved
by the State Examiner as provided
by law. This SHOULD be done at once.
Bonds and Warrants should always
be stamped paid by the Treasurer at
the time of payments as matter Of
protection. This has not been done
in the past and if a bond became
lost 1t might easily be presented and
paid again.
The Treasurer is holding several
warrants which have been assigned
to the City. Some disposition should
be made of these warrants.
In view of the fact that the old
Treasurer has resigned and a new
Treasurer has been appointed, there
is no necessity of dwelling on the
shortcomings of the outgoing Treas
urer We feel sure that the new Treas
urer will render an entirely differ
ent kind Of service and that the Of
flee will be handled efficiently in the
future.
After the water records have been
brought up to date and the shortage
has been paid to the city, the Treas-
urer will have to adjust the fund
balances to correspond with the fig
ures as set forth herein, bearing in
mind the difference caused by the |