The Waterbury Democrat., 1939-05-12

@, VIII you LOOK aC the Sne0GS TOT 1895 and tell me some of the larger items that are located thereon?
 A. According to the appropria- tion ledger for 1885, the account en- titled "Court Costs and Sheriffs' Fees", the over-expenditure for that year revealed in the ledger is $15,- 186.80. Some of the larger items recorded under date of March 8, 1885 voucher 71380, $2500. All of the war rants payable register sheets and other records of the city which would reveal the name of the payee are missing. Payment of that item can be obtained from the cash re- conciliation sheet for the month of March 1885; and voucher 71380 lists thereon the name of Herman Weis- man, $25OO. Under date of March 31, is voucher 84859 for $200 and vouch- CT 84860 for $3600. The warrants payable sheets are missing as to both those items but referring to the cash reconciliation sheet for April 1885 is listed those two amounts with the name of F. Gull foile entered.
 o. Will you give your attention to voucher 973 entered on the ledger under date of December 31, 1886, amount $4925?
 A. Referring to the appropria- tion ledger for the year 1886 under account entitled Court Costs and Sheriffs' Fees, voucher 973, entered on date of December 31. $4925. There are no records available in the city with the name of the payee of that item but a pencil notation made in the ledger account shows the name of the payee for that item to be Francis P. Guilfoile.
 o. Now for the year 1937-wheth- CT or not the original appropriation was as before $2550?
 A. It was.
 o. And are their expenditures charged against that account far in excess of that amount?
 A. Expenditures charged against the account of Court Costs and Sheriff's Fees in 1897 amounted to $33,325.44, resulting in an over-ex- penditure of $30,775.44.
 c. Will you refer to voucher 1794O entered in the ledger account under date of December 31, 1887?
 Carmody & Thoms
 A. According to the appropria- ton ledger for 1887 there appears an entry on date of December 31, 1937-voucher 1794O, amount $17,0O0. That payment appears in states exhibit 65 which is part of the war rants payable register for 1887. Name of the payee Carmody & Thoms, $17,000. The check for that also available, dated November B. item is also available, dated Novem- Der g, 1887.
 Q. Will you pass to the subject of the controllers ofice-Finan- cial?"
 A. It is contained in states ex- hibit 415.
 Q. Will you give the details of that classification?
 A. The general departmental classification is that of Controller and that has been di- vided for the first district into four accounts: interest on floating debt, interest on city debt, redemption of bond loans, pensions of city em- ployes; and for the second district: interest on city debt and interest on bonds and loans.
 The total net over-expenditures for the years 1930-37 inclusive being $221 ,20118.
 @. Now, I ask you particularly about expenditures made there charged as interest on floating debt and would like to have you give them in detail, MT. Brown.
 A. For the year 1930, the amount available for expenditures was STA 809.66 and the expenditures were $65, ,03220, resulting in an under expenditure of $9,777. .46; for the year 1881, interest on floating debt avail able for expenditure, $48,850, the amount expended $48,326.7a, result ing in an der-expenditure of $523.21; for the year 1882, the amount available for expenditure was $50,00O and the expenditure made and charged were $93,677.17, an over-expenditure for that year of $43,677.17; for the year 1883, the amount available for expenditure $41, ,633.84, payments charged with $59,632.84, resulting in an over-ex- penditure of $18,000; for the year 1884, the amount available for ex- penditure was 42,710.94 with expen- ditures of $59,745.36, an over-ex- penditure for that year of $17,034.42; for the year 1895, amount available for expenditure $23,324, expendi- lures $97, ,439.46, resulting in an over- expenditure of $74,105.46; for the year 1886, amount available for ex- penditure $43,750 with expenditures of $49,951 31, making an over-ex- penditure of $6,201.31; for the year 1887, amount available for expen- allure $43,750 with expenditures of $34,461.16. resulting in an over expenditure of $10,81116.
 Duty to Check
 Q. Whether or not it is the duty of the accountant engaged in the auditing of the records of any mu- nicipality to check by actual com putation the interest paid on loans?
 A. It is.
 @. And whether or not it is the duty of the auditors also to report the actual payments on interest charged as such?
 A. It is.
 0. Whether or not from your ex- animation of the books and records as well as the reports made by the auditors-whether or not this was done?
 A. It wasn't.
 c. You found, I take it, from what you have read. large sums of money charged to the interest on floating debt which wasn't interest?
 A. The amounts charged exceed ed the amount of actual interest.