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MEETING OF THE LEGISLATIVE AUDITING STANDING COMMITTEE HELD OCTOBER 26, 1965 AT 2 P.M. IN THE STATE CAPITOL Committee Members Present: Senator Mantes, Chairman Senator W, Hughes Brockbank Rep, Ross H„ Plant Mr o S, Burtell Bunker, Consultant Committee Members Excused: Rep, M, James Macfarlane Invited Guests', Mr. Herbert F, Smart, Director, Department of Finance Mr, Mo Fred 01ivers CPA Consultant to the Department of Finance Mr, Kenneth Hansen, Assistant Director, Department of Finance Senator Mantes thanked those at the meeting for attending and explained that the officials from the Department of Finance had been asked to meet with the committee and discuss the progress of the budget examination program, the project to consolidate the various funds as provided by the consolidation act, the development of implementing a modified accrual basis into our accounting procedures. Director Herbert Smart explained to the committee that he had engaged Mr. M, Fred Oliver, partner of the national firm of Haskins and Sells, known to be knowledgeable in matters of government and government accounting. He explained that he has had Mr. Oliver working with him; that the program to consolidate funds is moving ahead and, in addition, he has asked Mr, Oliver to analyze the imprest cash problem which has been called to the attention of this committee before. Mr. Smart explained that his department had made tentative plans to adopt a procedure whereby the imprest cash would be greatly reduced by a direct draft procedure. After moving into this proposal, several problems became manifest and it was determined that no action be made at this time on the imprest cash until Mr, Oliver has had an opportunity to make a thorough study. The problem which presented itself was the matter of federal funds which is handled by the institutions and which restricts the imprest cash to an extent and the matter of their bond issues on dormitories and stadiums and other facilities and it was apparant to him that there is a divided responsibility in this area and that a careful study must be made first, Mr, Smart reported on the funds consolidation program. He reported that Mr, Oliver would give the details concerning the funds consolidation program. Mr. Smart explained that they are coordinating their efforts with the Little Hoover Commission in order that what they develop will not be out of step with the recommendations of the Hoover Commission. Mr. Smart then explained that in the budget examination program of his Department that he has endeavored to continue the program without expansion. He feels that an adequate budget examination program will require more examiners and that the Department will need further legal authority and clarification from the Legislature, particularly, in the planning phases.
Object Description
Rating | |
Series | 3298 |
Agency | Legislature |
Caption | Agency Meeting Minutes |
Title | Little Hoover Commission administrative records |
Source Container | Box 1 Folder 10 |
Source Relation | Series 3298 | Legislature | Little Hoover Commission administrative records | Agency Meeting Minutes |
Date-Original | 1965 |
Date-Digital | 2011 |
Type | Text |
Format | Image/jpeg |
Converstion Specifications | Epson GT-3000 TIFF 400 PPI 8 bit greyscale, processed with Adobe Photoshop CS2 and saved as JPEG. |
Language | eng |
Rights Management | Digital Image created in 2011 by the Utah State Archives, which is the custodian of the original records from the Legislature. |
Holding.Institution | Utah State Archives |
Finding Aid | http://archives.utah.gov/research/inventories/3298.html |
Directory | 03298001010 |
Subject | Executive departments--Reorganization |
Abstract | This series contains a variety of records that document work done by state agencies in response to mandates set by the Little Hoover Commission, which was tasked with reorganizing Utah State Government in the 1960's. |
Description
Caption | 001 |
Full Text | MEETING OF THE LEGISLATIVE AUDITING STANDING COMMITTEE HELD OCTOBER 26, 1965 AT 2 P.M. IN THE STATE CAPITOL Committee Members Present: Senator Mantes, Chairman Senator W, Hughes Brockbank Rep, Ross H„ Plant Mr o S, Burtell Bunker, Consultant Committee Members Excused: Rep, M, James Macfarlane Invited Guests', Mr. Herbert F, Smart, Director, Department of Finance Mr, Mo Fred 01ivers CPA Consultant to the Department of Finance Mr, Kenneth Hansen, Assistant Director, Department of Finance Senator Mantes thanked those at the meeting for attending and explained that the officials from the Department of Finance had been asked to meet with the committee and discuss the progress of the budget examination program, the project to consolidate the various funds as provided by the consolidation act, the development of implementing a modified accrual basis into our accounting procedures. Director Herbert Smart explained to the committee that he had engaged Mr. M, Fred Oliver, partner of the national firm of Haskins and Sells, known to be knowledgeable in matters of government and government accounting. He explained that he has had Mr. Oliver working with him; that the program to consolidate funds is moving ahead and, in addition, he has asked Mr, Oliver to analyze the imprest cash problem which has been called to the attention of this committee before. Mr. Smart explained that his department had made tentative plans to adopt a procedure whereby the imprest cash would be greatly reduced by a direct draft procedure. After moving into this proposal, several problems became manifest and it was determined that no action be made at this time on the imprest cash until Mr, Oliver has had an opportunity to make a thorough study. The problem which presented itself was the matter of federal funds which is handled by the institutions and which restricts the imprest cash to an extent and the matter of their bond issues on dormitories and stadiums and other facilities and it was apparant to him that there is a divided responsibility in this area and that a careful study must be made first, Mr, Smart reported on the funds consolidation program. He reported that Mr, Oliver would give the details concerning the funds consolidation program. Mr. Smart explained that they are coordinating their efforts with the Little Hoover Commission in order that what they develop will not be out of step with the recommendations of the Hoover Commission. Mr. Smart then explained that in the budget examination program of his Department that he has endeavored to continue the program without expansion. He feels that an adequate budget examination program will require more examiners and that the Department will need further legal authority and clarification from the Legislature, particularly, in the planning phases. |
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