Audit reports in relation to the debt situation, 1931-1932 [state publication].

ArchivalResource

Alabama. Dept. of Examiners of Accounts (1919-1932). Audit reports in relation to the debt situation, 1931-1932 [state publication].

Audit reports in relation to the debt situation, 1931-1932 [state publication].

http://www.worldcat.org/oclc/122542466

These reports present detailed narrative and statistical information on the financial condition and resultant debt situation in the state. Included are (1) a statement of receipts and disbursements for general state government and educational purposes, 1926-1930, estimates and appropriations for the fiscal year 1931, and capital outlay expenditures for the period (exclusive of Miscellaneous and Highway Trust Funds), for the Joint Legislative Finance Committee; (2) an analysis of registered warrants and accounts and estimate of amount required to meet state obligations as of 1931, for the Governor; (3) the appropriations and disbursements of state colleges and normal schools, 1927-1931, for the Governor; (4) the status of county school funds as of fiscal year 1931, for the Governor; (5) a summary statement of General, Pension, and Educational Funds, 1930-1931, for the Governor; and (6) a memorandum on the Special Educational Trust, Pension, Highway Trust, and Trust Funds, for the Governor. In response to an act passed in 1931, F. Hopkinson Smith, of the accounting firm of Loomis, Suffern, and Fernald (New York), prepared an independent audit in 1932 to ascertain the state's financial condition and to make the findings understandable to the public. This audit report contains financial and statistical statements and comments on conditions found during the audit. In addition, an oversized poster in 1932 reproduces letters to the Governor which cite the amount of the debt reported by the independent accountant and the Chief Examiner, who explains the discrepancy in the amount of the debt in the two audits. The other side of the poster displays a color-illustrated graph of receipts, disbursements, and the debt, as reported by the Chief Examiner. Finally, Senator Charles B. Teague analyzes the independent audit, calls its reported debt figure absurd, and soothingly suggests ways to place the state on a sound financial basis. A register of outstanding warrants in connection with the debt situation was compiled by the Office of State Comptroller in 1932.

9 items.

Alabama Department of Archives and History