Lax accounting practices eyed in state institutions audit
Auditors blasted lax accounting in state institutions noting unbonded cash handlers and improper reporting on improvements. They urged double entry systems, a general ledger for all assets and liabilities, and clear separation of operating costs from capital expenditures.
Disputed County Billing Under State Support Fund
A legislative accounting committee reports cost charging disputes between state support funds and counties. It notes the state law may require charging back net operating costs and presents a table showing actual charges versus auditors’ suggested charges for Cherokee Fairline Pleasant and other counties, totaling 1.466 million versus 1.843 million.
MENTIONED IN THIS ARTICLE
The
Accounting Committee
Auditors urge unified accounting for state institutions
Auditors call for standard cost systems across state farms and hospitals noting wide variations in per capita costs and pricing. They warn large purchases inflate depreciation losses and urge immediate consolidations, asset cashing, and tighter inventory control to cut expenses.
Guggenheim Reflections on Tough Years as Lessons
The quote from Harry F. Guggenheim reflects on difficult years and low mood, viewing hardship as a chance to learn. It frames adversity as a stern instructor guiding future action and resilience.
MENTIONED IN THIS ARTICLE
Harry F. Guggenheim
Also Mentioned on This Page
Board of Control
Sweden
Mit Ic
U. S
Sweet
Sinaip
Irc
Tion
Support & M
Willie Willis
Board of Control Industries
State Hospital
Independence
Glenwood School
Cherokee
State Penitentiary
Oakdale
Soldiers Home
Toledo
Anl
Fort Madison
Anamosa
Rockwell City
Eldora
Mitchellville
Clarinda
Woodward
Glenwood
Marshalltown
Seit
Devermert
Mount Pleasant
Davenport
Paris
Newman
Ee Ae
Dynes
Kleinert
ASN WE