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only, is reported to the legislature.
The Legislative Council has, after all these
years, recommended a check on yearly budgetary problems.
Yesterday the Governor endorsed it. Very good! Let's
make sure this shift does not become another tombstone
in the legislative grave yard of audit bill failures.
This law is just the catalyst needed making certain the
authority and opportunity.
Accounting is a system of keeping and explaining
records. Auditing is an official process of examination
and verification of records. Last year, our budget was
a billion dollars. Add this to the other billions of
bygone years, and you will realize, perhaps with some
shock, the full impact of the problem. Heretofore, the
General Assembly has had, at best, only an accounting
of state finances as there were no independent official
examination or verification of the statistics.
Another good reason for the Finance and
Taxation Committee's recommendation for an audit is it
permits the General Assembly to oversee the mechanics of
operation and to appraise the results and performances. |
