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<br />All Jisbur::iemcnts \vac made by checks drilwn on the Administr;l- <br />tion's aCCOUJl[ at the First National Bank in Lamar, Colllriluo. The <br />individual checb \";erc: examined for amulInt, signature and endorse- <br />ment. The correctness of the amounts disburscLl \~as vcrihed to pil}'ees' <br />statements, authorization of payment liS evidenced in minutes of thc <br />Administration '5 meetings or other supporting evidence. Minutes of <br />the October 2R, 1952 M..::eting that were. unavailablc for last yeilr\, <br />audit, wC're examined this year. <br />The Secretary's s;dary for the current ycar of $1,200.00 has bccn <br />reducec.l by Old-Age and Survivors Insurancc deductions amounting to <br />S18.00 or lY2~';.' of the. gross figure. It should be rememhered, the: <br />Administration contributes it simiLlr Jmount. thus m:!tchin~ the em. <br />ployee's deduction, As.of October 31, lSl53 the combined a~lOUnt due <br />by the Administration f(lf Old-Age itnJ Survivors Insur;lncc on its em- <br />ployees 15 $1'2.00. <br />Travel e.xpense of the Sc-cret;\ry for the year under review amounteu <br />to $85.-HJ or 1.220 miles of businc$.<; travel at $0.07 ;t mile incurrcJ <br />during Augu:-;t :tnd December of 1952. ;tnd April, May. July and August <br />oi 1953. <br />Payment;:; maue to the U. S. Treasury totaling $YQ.OO during the <br />year and labeled taxes were accomp;mied hy related returns referring <br />to Old-Age ;\1lL1 Survivors Insurance information on the Sccr('tary. <br />$60.00 pcrt.1inccl to fonner )'c.lr~' 5;ll<lrics, while the current ycar's saJ.u}' <br />deductiClI1 and retlted expense accounted for balance of $30.00. As <br />mentioned on Schedule I, the Seo.:retary's deductions of $3.00 for the <br />months of Scptemlxr ;lI1J October, 195"2 (salaries paid in October, 195"2) <br />wg..:thcr I,....ith rc1;ncd Aclministration '5 shafe will be reported On ;md <br />paid in Dceemhcr. 1953. . <br />The reduction of the premium paiJ in October of 1953 on thr <br />Trcasurcr'~ bnnu for the year ending September 1"2, 1954 ha:; heel1 <br />previously referred tn. ;Intl it is thuught ;lucllticmal remarks need not <br />be made. <br />Cash in b;lI1k ;It October 31, 1953. per Schedule I, ;Imounting to <br />$3.600.(17 \ViiS reconciled to the amount confirmed by the First Niltional <br />Bank in Lamar. Outstandlllg checb at the end of the \'eac under review <br />L'lcarcd the bclllk ill No\'cmher of lY53. . <br />The tin;ll1cial positIon of the Aumilllstr:1tion at October 31, 195~ <br />is cOJ11p:trcd with th:lt of ;l YGtr ago, in the following" summary: <br /> <br />ARKANSAS RI\'ER CqMP:\CT ArH.IINISTRATION <br />Lam;lr, Colorado <br /> <br />Comparilti\'e Rd,lI1<.:L Sheets <br /> <br />/\5~ct5: <br />Cash in b;mk <br />Equipmcnt (Portilblc <br /> <br />OL'tuber 31, <br />195~ <br />........$),600,07 <br />Typewriter) Sl2.50 <br /> <br />Oct()hcr 31, IllGC;lSe <br />1952 (Decrease) <br />$3,446.95 $153.12 <br />92.50 <br /> <br />Total Assets. <br /> <br />.....$3,69:2.~.7 <br /> <br />$5.5)<).4.\ <br /> <br />$153,12 <br /> <br />14. <br />