RoJA
Page 391,
Report by Chairnan on Committee on Report and Audit.
Mr. Shoemaker as Chairman of the Committee on Report & Audit, made the following report: "The State Roads Comission,
Baltimore, Md. Gentlemen:-
Your Committee appointed to prepare a report on the work of the Commission since its organization, begs to report that it is now engaged In making up a general report, and will have the same ready to submit to the Commission at an early date. It will, however, be quite impossible to hare complete in detail a financial statement of the Commission's work prior to April first.
The Conaittee, with its accountants, has made such examination of the books and of the audit recently prepared by the Baltimore Audit Company as warrants the statement that the distribution of charges as shown is not correct, but with some exceptions, such as the overhead charges for Administration and Snginoering, the Squipaent Account, and the Maintenance and Reconstruction accounts, all of which will require readjustment, the figures given are probably sufficiently correct to give a general idea of the condition of the finances of the Commission.
The Committee's accountants and the Chief Sngineer have worked out a system of accounting that will show a complete statement of the Commission's expenditures as called for by the Resolution under which your Committee is acting, and the accountants are now engaged in this work which will be pushed to completion at the earliest possible date.
The recasting of the accounts under this system will, of course, require the expenditure of a greater sum than would be required for the ordinary checking up of a set of books ; but your Committee feels that the expenditure is fully justified in that it will standardize the methods of cost keeping that will not only result in rendering available accurate information as to what has been done, but also give opportunity for comparisons with future similar work by this Commission, and that done in other states.
In view of the value to be derived from the keeping of the accounts of the Commission under the above mentioned 873torn, and of the further fact that such accounts can probably be kapt at a less cost, and certainly at no greater cost, than the system of accounting now in use, your Committee recommends the immediate adoption of this plan of accounting as suggested by the accountants and Engineer ; and further recommends that the work now being done